The Gari Network is the backbone of Chingari, the largest Web3 live streaming platform. With GARI tokens, users can unlock an array of dynamic features, including video calls, audio calls, and chats across diverse categories like Astrology and Dating. This thriving community platform is designed to facilitate meaningful connections and knowledge sharing, featuring real-time conversations and expert consulting. Dive into a world where content creators can effortlessly monetize their work while engaging users in a rewarding ecosystem. Don't miss out on exploring the innovative possibilities that Gari Network offers—read on to learn more!
The Largest Web3 Live Streaming Platform
Unlock a world of live conversations and expert insights with Chingari – your ultimate platform for meaningful connections and knowledge sharing.
Chingari is now a thriving community where you can engage in real-time conversations, tap into expert consulting, and discover your favorite content effortlessly.
Unlock a multitude of exciting features on Chingari with the in-app token, GARI. Dive into video calls, audio calls, and chats across diverse categories like Astrology, Dating, and more.
Gari Network Token Market Data
Coin Statistics:
- Current Price: $0.0338
- Market Cap: $12,555,030.96
- 24h Price Change: -5.78%
- 7d Price Change: -27.65%
- 30d Price Change: 17.47%
- 24h High: $0.0375
- 24h Low: $0.0333
- All-Time High: $1.0509 (2022-01-18T13:00:00.000Z)
- All-Time Low: $0.0094 (2023-09-22T02:06:00.000Z)
- Circulating Supply: 371,702,516.00
- Total Supply: 991,070,441.00
Purpose and Utility of the Gari Network Crypto Token
The Gari Network crypto token, also known as GARI, is the native token of the Chingari platform, which is a social media platform that enables users to create short-form video content and share it with a user base of 130 million people. The token is used within the Chingari platform to unlock various features such as video calls, audio calls, and chats across diverse categories.
The Gari Network aims to address scalability, interoperability, and sustainability issues of other blockchains through its layered architecture and proof-of-stake consensus mechanism. The token is designed to help Indian creators monetize their content via the Chingari app and its NFT marketplace.
The Gari Network also incentivizes creators, influencers, and users who engage with the content on the platform. Creators can monetize their content and earn GARI tokens, while users can earn GARI tokens by liking, sharing, and commenting on different pieces of content. The token also enables membership of Chingari DAO, which is a decentralized autonomous organization that makes major organizational decisions of Chingari.
In summary, the Gari Network crypto token aims to solve the problem of monetizing content for creators and incentivizing engagement for users on the Chingari platform. It also addresses scalability, interoperability, and sustainability issues of other blockchains through its layered architecture and proof-of-stake consensus mechanism.
Tokenomics and Distribution Model of the Gari Network Crypto Token
The Gari Network crypto token, known as GARI, has a total token supply of 1 billion (1B) tokens, with an unlock structure designed to support 200 to 300 million (200-300M) tokens in circulation at the end of the first year. The tokenomics of GARI are designed to create an ecosystem for the creator economy, with a gradual introduction of the token to the audience through simple and easy in-app mechanics. The token is built on the Solana blockchain, using the SPL standard for fungible tokens, which is supported by every application and protocol that has fungible token interactions.
The GARI token distribution model includes a Community Reserve, which will receive a percentage of tokens for selling intellectual property (IP) from Chingari to the Community Reserve. The Community Reserve will distribute funds to proposals that win the Community Reserve voting. The tokenomics and distribution model of GARI aim to create a more cooperative economic model that ensures better alignment with users over time, allowing for the creation of larger, more resilient, and more innovative platforms.
Token Distribution Model
The token distribution model of GARI includes the following allocations:
- Team: The percentage allocated to the team is not explicitly stated in the provided source. However, it is mentioned that the team will receive tokens for their contributions to the project.
- Investors: The source does not provide specific information about the percentage allocated to investors. However, it is mentioned that the GARI token will be used for fundraising and will be introduced via simple and easy in-app mechanics to ensure long-term adoption.
- Community: The community plays a significant role in the GARI Network. The token is designed to give creators governance authority over the future platform developments through a DAO. Additionally, creator pools are a way for viewers to support creators by providing them with GARI tokens.
- Other Stakeholders: The GARI Network also includes collaborative mechanics such as governance through staking and the Chingari Community Reserve, which allows active community members to participate in platform governance and receive an APY on their staked tokens.
The GARI Network's token distribution model aims to create an ecosystem for the creator economy, align the interests of users and developers, and provide a new revenue channel for producers through the pay-per-view model. The distribution model is designed to ensure a smooth learning curve for existing Chingari users and newcomers, fostering long-term adoption and a thriving community.
Vesting Periods, Lock-Ups, and Release Schedules
The Gari Network crypto token, GARI, has a total supply of 1 billion tokens and an unlock structure designed to support 200 to 300 million tokens in circulating supply during the first year. The tokenomics and distribution model of GARI includes various stakeholder groups, such as the Chingari DAO Treasury, staking rewards, public sale, private sale, seed round, advisors & team, and airdrop to current Chingari users.
For the token sale, there are different allocation categories with specific percentages and total token amounts. For instance, the Chingari DAO Treasury holds 25% (245,973,822 GARI), staking rewards account for 15% (147,584,294 GARI), the public sale consists of 20% (196,779,058 GARI), the private sale includes 10% (98,389,529 GARI), the seed round has 10% (98,389,529 GARI), advisors & team hold 15% (147,584,294 GARI), and an airdrop to current Chingari users accounts for 5% (49,194,764 GARI).
In terms of vesting periods, lock-ups, or release schedules, the information provided does not explicitly mention any specifics for GARI tokens held
