Segment 1: Question from Cryptoiz
Host: Could you please give us an overview of the project and the goal behind your team’s vision?
Siddhant Chowdhry: Sure, Gari is a social token. When our CEO Sumit Ghosh saw web3, DAO’s and the concept of a community and creators owning the platform which they are creating. He thought that is a very strong fundamental idea. The goal of gari is to give ownership, governance and a way of democratically uniformly earning back to creators. So imagine owning or being an early adopter of TikTok, or owning a stock or a stake in Facebook, how powerful is that. That is the vision behind Chingari.
Chingari in general has a lot of potential. We as a social media company can get hundreds of millions of social media users into crypto. That is the big vision of Chingari.
Host: Can you help us understand the Market Opportunity for Social tokens? What makes you excited about this space?
Geek: Social tokens are the future of social media. If you have seen the evolution — Web1 was read-only where you can just browse static websites, people used to create websites using HTML and people could just read information. Web2 was read and write, where it gave the opportunity to creators to create content. Social media companies Facebook, youtube, Twitter, TikTok come out of the Web2. I think web 3 is about read, write and own where creators will also own and this ownership will be powered by social tokens.
Host: Since you mentioned about Chingari, could you enlighten our viewers about the Chingari App?
Geek: Chingari, India’s leading short video sharing app with more than 32 million daily active users, has reached another important milestone in its journey. Chingari is now India’s number one social media app on Google Play, surpassing popular apps like Facebook, Instagram, and Snapchat. Founded in November 2018 by Sumit Ghosh, Deepak Salvi, Aditya Kothari, and Biswatma Nayak, the Chingari app has rapidly risen from relative obscurity over the years to become India’s hottest social media platform, thanks to distributed ledger technology and crypto.
Host: Could you please explain a little about what is GARI and its utilities?
Geek: Gari is Empowering Short Video Content Creators With Social Tokens.
The GARI Token introduces a gateway into the blockchain space, to Chingari App users. The goal is to empower both creators and viewers on the Chingari App with technological tools to interact directly with each other and allow all users on the Chingari App to participate in the long-term direction of the social economy impacting the GARI Token. The GARI Token is interconnected with the Chingari App, opening to Chingari App users a wider blockchain world where they directly control their assets and can use their tokens to connect and transact with their counterparties, place governance votes, and catalyze platform engagement and user base growth. The Utilities of $GARI are:
Tipping > Users can use the Gari tokens in their in-app Gari wallet to tip their favourite content creators directly from the video feed as well as from the Creator’s profile. These transactions are completely on-chain. Token Gated access: Gari holders can access exclusive content on Chingari platform by staking their tokens on creator pools.
Governance: $Gari holders will be able to stake and earn yield as well as vote on proposals to decide the future direction of the platform.
NFTs: Chingari will be the world’s biggest video NFT marketplace. These NFTs can only be purchased with $Gari tokens.
Audio Rooms Currency: Audio rooms is a feature on Chingari app, similar to clubhouse, where creators can connect with their followers over audio meetings. $Gari will be used by users to purchase gifts for these creators.
Host: What is your roadmap for 2022?
Geek: We have a very exciting roadmap for 2022. The product will be integrated with the Chingari app and roll out by the end of this month. At the same time, it will also be getting listed in a couple of major exchanges. Post that, there are a lot of product developments, we are coming out with Chingari audio rooms, just like Clubhouse where users will be incentivized to create rooms and be active in rooms with Gari tokens.
There are a lot of NFT’s based use-cases that we are building, every video that you upload to Chingari will be mintable into a Solana based NFT, so imaging millions of users buying selling and trading NFT’s and this NFT marketplace alone will be a couple of million dollars a week in terms of revenue for Chingari.
Segment 2: Question from community
Host: community plays an important role in decision making. Is GARI open to receiving input and suggestions from the community?
Siddhant: Absolutely! Community plays a very important role in decision making. Since, we are based on Web3, community plays an important role, most of the decisions will be based on the views of the community. Even before we started listing GARI, we did polls and was open to suggestions on where should we list. Without community, we will not be able to move forward. Please feel free to share suggestions or feedback in the main community group by tagging our CEO Sumit Ghosh or else, you can also DM.We will be looking for suggestions from Cryptoiz Community.
Host: Will you have own swap platform to swap other token to GARI
Siddhant: Currently, we have the feature on Raydium, we are listing on Raydium for Trading and swapping. Anyone who is using Raydium can use the swap feature to purchase GARI.
Host: Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?
Siddhant: Security is one the prime concern for us, we had to delay our TGE because the audit reports got delayed. Yes, we are audited by 2 companies Solidified & Quantstamp. Before listing on exchanges, we made sure that we have the audit certificate.
Host: What is your roadmap for 2022, and what can we expect from Chingari and the GARI token in 2022 and beyond.
Siddhant: We have a detailed roadmap, you can view our roadmap from the link given below
https://gari.network/roadmap/. Currently, we are focusing on integrating GARI token in Chingari app and launching of wallet inside the app. Also, we will be also coming up with NFT Marketplace which will be the game changer.
Host: I am using the “Chingari app” & I saw that, other than English language, there are other 14 local languages that are supported by the platform, how will this be useful for the local users of India? In coming times, will you plan to add Other Country’s Language? Also, Metaverse is being planned, yet it’s in very initial stages. It will take some to build the idea.
Siddhant: Definitely, we can plan to introduce Hindi also for Indians. Having said that, we are no 1 in terms of social media app in Google Play Store. And we have been doing lot of developments, we want Chingari to replace Tik tok and be one amongst the globally used app. download the Chingari app here: https://app.adjust.net.in/6nf4nha
Host: Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Siddhant: Sure ! Definitely partnerships and collaborations are very important for a project. So we have Salman Khan as our brand ambassador. Salman Khan is like the Brad Pitt of India, with more than 100 million followers across all social media platforms — Instagram, Facebook and Twitter. He is our brand ambassador and Chingari is one of the fastest-growing social media apps in India today. We have partnerships across and for music, we have T — Series, Saregama all of the biggest music labels. A lot of Bollywood celebrities are on Chingari promoting their content and promoting their movies. We are basically taking the Bollywood angle where we involve Bollywood celebrities to promote Gari and Chingari. Most of them are already promoting Chingari and by default, we are promoting Gari as well.
Host: Staking programme is very important for any project, Can I stake your $GARI token? Or if you haven’t this program then Do you have any plan of in future start staking programme?
Siddhant: We are planning to bring Staking soon on OKX Exchange. GARI holders can stake their tokens over there and earn % APY on the staked amount. Along with this, we are bringing Social staking, so basically you can stake other creators. Let’s say I find a creator early in his journey and I stake my Gari tokens to him — these tokens go to a staking pool and the creator can take a loan from the stake pool and he can buy a better camera, better equipment, better clothes and become a better creator. One basically earns 7 percent of all of the revenue that this creator earns in future from the NFT and the creator economy flourishes. So if one of these videos goes viral and let’s say that NFT gets millions of dollars of trade in a month, the user will get 7 percent of that for staking him in his journey.
Host: Nextt! Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
Siddhant: The GARI Token is interconnected with the Chingari App, opening to Chingari App users a wider blockchain world where they directly control their assets and can use their tokens to connect and transact with their counterparties, place governance votes, and catalyze platform engagement and user base growth. $Gari holders will be able to stake and earn yield as well as vote on proposals to decide the future direction of the platform.
Host: That’s a nice move from you guys, but we are also wondering Is ChinGari friendly for beginners, or is it only for professional traders? How do you plan to improve the interaction with new users without any technical knowledge and with users outside the crypto space?
Siddhant: Definitely, since we are listed on more than 18 exchanges, we have given an option for a trader to choose their own exchange and start trading which makes it easier for the trader to purchase GARI on his favourite exchange. Chingari is an easy app to use, anyone can understand the app within 10 minutes of registering it. We are Tiktok Killer, our User interface is interactive and easy to understand. One without technical knowledge can also understand it, only you need to have a mobile with IOS/ Play Store
Host: Anyway, last question from this segment: Can you tell us which areas your team will focus on the most in 2022? What areas of your ecosystem will need further development?
Siddhant: In 2022, our prime focus is to integrate GARI completely in the Chingari app and launch a wallet i nside the app.Along with this, we will be focusing on launching GARI NFT Marketplace. We will give an option to the creator on Chingari app to mint the NFTs and sell it off in marketplace. Also, we will be focusing on spreading the reach of GARI globally. We have recently started promoting in Indonesia and currently we stand at top 30 apps in Indonesia. Then we will promote across SEA countries. There is a lot to come.
Anything about GARI:
💠Quickstart Guide & Resources💠
What is GARI?
Enabling short-form video creators on the famous Chingari app (with 100M Downloads) to monetize their content on the blockchain through the $GARI token.
🌐 Website (https://gari.network/)
📖 GARI WhitePaper (https://media.chingari.io/apipublic/uploads/Gari+Whitepaper+V1.03.pdf)
ℹ️ RoadMap (http://gari.network/roadmap)
💰Investors and Partners (http://gari.network/investors-partners)
⬇️ Download Chingari app here (https://app.adjust.net.in/6nf4nha)
🔢 Supply and Distribution details (https://t.me/garitokenofficial/399730)
– Max Supply of 1B and Circulating Supply of 45.8M
ℹ️GARI Ticker Info:ℹ️
🔹 Coinmarketcap (https://coinmarketcap.com/currencies/gari/)
🔸 Coingecko (https://www.coingecko.com/en/coins/gari-network)
🔹 OKX (https://www.okex.com/trade-spot/gari-usdt)
🔸 Kucoin (https://trade.kucoin.com/GARI-USDT)
🔹 BKex (https://www.bkex.com/trade/GARI_USDT)
🔸 LAToken (https://latoken.com/exchange/GARI-USDT?)
Huobi Global (https://www.huobi.com/en-us/exchange/gari_usdt)
🔹 AscendEX (https://www.ascendex.com/en/basic/cashtrade-spottrading/usdt/gari)
🔸 FTX (https://ftx.com/trade/GARI/USD)
🔹 (https://www.mexc.com/exchange/GARI_USDT) Gate (https://gate.io/trade/gari_eth)
🔸 Zebpay (https://www.zebpay.com/)
🇦🇪 GARI Arabic (http://t.me/garitokenarabic)
🇮🇩 GARI Indonesia (https://t.me/GariatokenIndonesia)
🇫🇷 GARI France (https://t.me/GariTokenFrance)
🇵🇭 GARI Philippines (https://t.me/GariTokenPhilippines)
🌍 GARI Africa (https://t.me/GariAfrica)
🇻🇳 GARI Vietnam (https://t.me/garivietnam)
🇮🇹 GARI Italy (https://t.me/GariTokenItaly)
Gari Global Chat (https://t.me/garitokenofficial) | GARI Announcement (https://t.me/garitokenchannel)
Website (http://gari.network/) | Twitter (https://twitter.com/GariToken?t=F0QIcOWdYvtLnN-oe3Pi7g&s=09) | Discord (http://discord.gg/garitoken) | Medium (https://email@example.com)
Facebook (https://www.facebook.com/GARInetwork-283510420162868) | Reddit (https://www.reddit.com/r/gari/) | Instagram (https://www.instagram.com/gari.network/)