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Table Of Contents
The Gari Network (GARI) operates as a blockchain-powered social network. The protocol leverages a creator-focused economy to promote web3.0 adoption. As such, the Gari Network continues to see growing adoption. The network operates as a critical component of the Chingari creator ecosystem.
Chingari is a popular messaging app with over 85 million downloads and +32 million active users monthly. The messaging app is India's most popular short video social media platform. The platform operates similarly to TikTok, allowing users to upload short takes which can be ‘liked' and shared. The network raised an eyebrow when it announced that it would share 30% of its revenue with creators moving forward.
What Problems Does Gari Network Attempt to Fix?
The Gari Network seeks to reduce many issues faced by the blockchain community. For one, it wants to institutionalize the sector through the introduction of standards, and the promotion of digital assets. Standardization is the key to innovation as it enables firms to concentrate on improving functionality.
Lack of Engagement
Another problem that the Gari Network helps to reduce is a lack of user engagement. Content creators on traditional social media platforms can find it difficult to stand out amongst the crowd. The Gari Network enables Chingari creators and users to connect on another level. As such, creators can monetize their engagements in a multitude of ways.
For example, user scan leverages the tipping feature to give their favorite content a boost. The tipping feature serves a double purpose as it helps content creators secure higher returns. At the same time, it provides a community metric to determine what content is the most valuable to users. Notably, the system supports tipping directly from the video feed which makes it simple for anyone to read their content creators.
Lack of Transparency
Another major concern for social media payment systems is transparency. Only blockchain technology enables users to monitor the state of the network in real-time without the need for third parties. All transactions can be verified using a basic blockchain explorer. Best of all, the protocol operates in a p2p manner, meaning that it eliminates the middleman from the equation.
Benefits of Gari Network
There are a lot of benefits that GARI brings to the market. The system was designed to help video creators and digital artists achieve a higher level of returns on their creations. The network operates as a complete ecosystem. It supports a wide selection of formats including short videos social audio, P2P commerce, tech education, and social entertainment technologies.
Boost Your Profile
Creators can give their presence a boost using the features of the network. When you boost a profile you can expand your reach. You can boost your profile to the entire +100 million users and see immediate results. This option is a smart move for those seeking to get their products and services in front of the masses in a cost-effective manner.
Another cool feature of the Gari Network is its exclusive content locks. Creators can issue synthetic assets to followers that they must stake to access certain content. Content creators can use this feature to host private concerts or virtual meet and greats. This strategy enables creators to connect with their followers in a profitable way for both parties.
How Does Gari Network Work?
GARI operates as a crucial component of the Chingari messaging app. The app operates as a video marketplace and social media protocol. The Gari Network expands the protocol's capabilities considerably through the introduction of blockchain technologies. The network combines audio rooms, creator pools, and customizable assets to accomplish this task.
Audio rooms are vital pieces of the Gari Network. These rooms enable creators to chat with their followers directly. They can offer their followers gifts or other digital assets. Users can also tip from this section. Audio rooms also support live streaming and much more. Notably, creators can make the room private. If they select this option users will need to stake their tokens to access the data.
Gari Network Creator Pools
Creators have pools that can represent their value. Users stake GARI to the pools to help promote the creator's channel. They earn a yield for providing liquidity to the creator pools. Creator pool tokens increase in value alongside the liquidity in the pool. As such, the more users who join a creators pool, the more their token will be worth.
Network Token – GARI
GARI is the main utility and social token for the network. This Solana-based asset meets SPL standards. As such, it enjoys interoperability within the Solana ecosystem. GARI provides fast transaction times and low fees compared to tokens on earlier networks like Ethereum.
The Gari DAO (decentralized autonomous organization) provides the community with a voice. Users can stake their tokens to vote on critical upgrades or changes to the structure of the system. These changes can include changing fees, features, and even networks.
DAOs are a popular feature in the DeFi market today because they help to keep a community expanding harmoniously. These systems enable the user to put forth proposals directly for the community vote. The system also controls the community treasury which will autonomously issue finding when proposals get approved.
How to Buy Gari Network (GARI)
Currently, Gari Network (GARI) is available for purchase on each of the following exchanges.
Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
The Kraken exchange offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. USA Residents are Prohibited.
The Gari Network – A Major Milestone for Cryptocurrencies
The introduction of GARI into the Chingari app marks a major development for blockchain adoption. For years, major social media platforms have tried with no success to integrate cryptocurrencies. This upgrade puts cryptocurrencies in the hands of millions of people in a way that they can leverage its advantages immediately. As such, The Gari Network has helped drive blockchain adoption to new heights.
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