SolRazr has come forward with the news of their scheduled hosting of the biggest IDO launchpad ever. Through its $GARI token, the Solana-based venture platform will be a base for launching new coins, cryptocurrency projects and for raising liquidity.
With this development, SolRazr pioneers India’s social network in issuing cryptocurrency tokens. The platform features an active community of over 32 million users alongside almost 85 million downloads so far.
$GARI is the social token of Chingari App. Among the apps offerings include specialized videos, a long library of songs, super-realistic AR filters and other content in 20+ different languages. GARI token links different types of stakeholders using the platform, some of whom drive the ecosystem.
Drivers of the Chingari ecosystem
- Content creators
- Viewers
- Advertisers
- Developers
Coming forward to express his excitement for the project, Sreekanth Kalapur, Co-Founder of SolRazr talked about how the $GARI token launching in SolRazr will be a landmark in the crypto world to help creators on the Chingari app to develop their e-commerce ecosystem using physical products, NFTs, and directly collecting payments from users.
Vijay Kalangi, also in his Co-Founder capacity at SolRazr came forward to explain how the team ensured the process of buying $GARI is made as smooth and effortless as possible. Thanks to this convenience, users do not have to apply for the whitelist for them to win the lottery. All they have to do is navigate to the IDO process.
The Chingari platform boasts of an aggregate user base of more than 75 million users and counting. The platform is strategically positioned to meet users where social media entertainment, brand community and cryptocurrencies intersect.
Developed on the Solana blockchain, $GARI token allows content creators using the app to develop their own e-commerce space, integrating real items, develop NFT projects, and enable consumers in funding the artists they support. The CEO and Co-Founder of Chingari, Sumit Ghosh, also explains how they choice SolRazr to introduce the IDO token sale because it also run on Solana. In his comments, the CEO also expressed his confidence on the platforms ability to deliver a fair and completely transparent process.
The $GARI-Chingari association flawlessly brings cryptocurrency to its ideal and intended user base by means of a procedural introduction of GARI. This is through user-friendly mechanics of the application. Thanks to the step-by-step advancement of token usage, there is now more long-term adoption that is also supported by the efficient learning curve for current app users. In the same way, GARI intends to offer an identical short-form and easy to understand tool for new entrants in the crypto space.
With the integration of $GARI reward program, developers are reinventing the future of entertainment. This is geared towards the development of fresher and more interactive videos on the app. Popular film star Salman Khan, in his ambassadorial position for the $GARI brand supports that this will indeed be an amazing journey moving forward.
During its recent live sale on the Republic platform, $GARI raised almost $12.3 million in a 24-hour span. As a crowd-equity platform, Republic is a base for startups, real estate, gaming, and cryptocurrency investments. Chingari also has a previous record raising more than $19 million through the support of over 30 venture funds together with independent investors.
