Chingari, India’s leading short-video application, has commenced the pre-sale of its NFT collection on the SolRazr launchpad. Dubbed GARI Panda, the collection comprises 9,999 indistinguishable collectibles that resemble ‘cute pandas’. Eligible participants include addresses that were shortlisted in the whitelist application and lottery winners. The presale event will last up to March 31, after which a public sale of the GARI Panda NFTs will commence. Out of the total 9,999 GARI Panda NFTs, half will be released to the public markets at the price of 2 SOL for each collectible. Meanwhile, the remaining ones will be divided equally between the GARI and SOLR communities. Chingari’s NFT collection will enable the platform’s users to experience the much-coveted metaverse world. Akin to the likes of TikTok, Chingari has captured India’s market to hit over 35 million monthly active subscribers. This success can be attributed to the platform’s incentivization model where contributors are rewarded with the native $GARI token. Following the debut GARI Panda NFTs, Chingari is set to scale its operations into the metaverse. Creatives who purchase these NFTs will enjoy additional benefits, including lifetime free access to Chingari-verse, p2e game rewards, exclusive membership in the Chingari Panda club, voting rights and a 10% share from Panda apparel products sales. Besides the primary benefits; it is also noteworthy that Gari Panda NFT owners will have an opportunity to virtually meet with Bollywood celebrities and other prominent content creators on the platform. Simply put, this NFT collection will serve as a gateway and incentive mechanism for the GARI community.

Chingari Commences the Presale of its Limited GARI Panda NFT Collection

Just a few months ago, video-sharing app Chingari launched its $GARI token on six major exchanges, becoming the first-ever blockchain-based firm to do this! The Chingari app, which is available on iOS and Android, allows users to create, watch, and share […]
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Video-sharing app Chingari launches new NFT collection whitelist on SolRazr

GIGCO, a brand-new music platform built on Solana, recently announced its public IDO token sale to be hosted through Solana’s first decentralized developer ecosystem–SolRazr launchpad. 
The post This new booking platform on Solana is aiming to disrupt the music industry appeared first on CryptoSlate.

This new booking platform on Solana is aiming to disrupt the music industry

BENGALURU, INDIA, 15th December, 2021,
Highly anticipated $GARI Token Sale Now Live
India’s fastest-growing short video sharing platform, Chingari, recently announced the Initial DEX Offering (IDO) of its native $GARI token. The highly anticipated IDO is now live on the Solana-based SolRazr launchpad. Dubbed the largest IDO of its kind on a launchpad across all blockchains, the $GARI token sale kicked off today, December 15th, and will continue until December 18th, 2021. This IDO follows Chingari’s recent live token sale on the Republic platform, where the Chingari team raised $12.3 million within 24 hours of listing – a new record in itself. Previous token sales have accelerated the demand and enthusiasm for the $GARI token, considered the first “social crypto token” in India. The $GARI token was officially launched at a private event hosted by Bollywood megastar and Chingari brand ambassador Salman Khan. At the same time, the Chingari app has established itself as one of the fastest-growing social apps in India, racing ahead of prominent apps like Facebook, Reddit, and other homegrown short video apps like MX TakaTak, Moj, Josh, and several others. Per recent stats, the Chingari app has been downloaded over 90 million times and currently boasts of more than 32 million active users. Positive about the $GARI token IDO, Chingari CEO and Co-Founder Sumit Ghosh notes, “The $GARI crypto token is developed on the Solana blockchain network. It will allow content creators on the Chingari app to create their own eCommerce area, which will include actual items, develop NFT projects, and help consumers fund their favourite artists. We chose SolRazr to launch our IDO token sale as the platform is also built on Solana, and we are confident that it is the best platform to ensure a fair process and complete transparency.”
The Chingari team hasn’t implemented a whitelisting process for the $GARI token sale, meaning the offering will follow the traditional first-come, first-serve basis. Starting today, users can connect their private wallets like Phantom Wallet and Sollet Wallet to purchase the tokens. However, note that KYC is mandatory to participate in the IDO, and users must pay a small amount of Solana (SOL) to cover the gas fee for the transactions. The $GARI IDO on SolRazr has two different pools to choose from, one is the “Open Community Pool” with 30 million $GARI tokens, and the other is the “SolRazr Community Pool” with 10 million $GARI tokens. The minimum contribution is $100, and the maximum limit is $500,000. Additionally, the Chingari team is also offering different staking tiers and rewards. On hosting the largest-ever IDO on any launchpad, Vijay Kalangi, Co-Founder of SolRazr, remarks, “We are excited to launch the $GARI token on SolRazr. This will be the biggest IDO on any launchpad in the crypto sphere. We made sure that the process to buy $GARI is smooth and frictionless. Users don’t have to apply for the whitelist to win the lottery. They can go straight to the IDO process.”
About Chingari
Chingari is a short video-sharing app aiming to put content creators at the center of the platform’s ecosystem and value proposition. Built to cater to Indian audiences, Chingari empowers users to create and share videos with incredible filters and games, shop for merchandise, send messages, and more. With more than 90 million downloads and 32 million active users, Chingari is one of India’s fastest-growing social media platforms and the most popular app of its kind. About SolRazr
Solana’s first decentralized developer ecosystem, SolRazr, offers many features, including  Launchpad, Accelerator, and Developer Tools. This platform intends to serve as the “de facto” fundraising and development platform for all Solana blockchain-based software projects. The SolRazr team aims to help accelerate the development of the nascent decentralized finance (DeFi) ecosystem by providing a high-performance network with add-on features like tradable allocations, accelerator and incubator programs, and cross-chain pools.

Chingari’s $GARI Token Hits SolRazr Launchpad For Largest Initial DEX Offering In History

TechBullion
The SolRazr platform is all set to host Chingari’s $GARI token sale tomorrow in what is expected to be the largest-ever Initial DEX Offering in the history of launchpads. Chingari is reportedly planning to list 40 million tokens for sale at the price of $0.4 per token, starting at 2 PM UTC on Dec 15. SolRazr said users will not be required to register for a whitelist prior to participating in the IDO, eliminating a major bottleneck. Chingari’s $GARI token is expected to be at the heart of the app’s ecosystem, creating unique economic opportunities for the platform’s users. The Chingari app is one of the fastest-growing social media platforms in India today, ranking as the country’s top 5 popular social apps according to SimilarWeb . It only emerged in Nov. 2018 to fill the vacuum left by a ban on TikTok for fun, short video sharing apps, but has already accumulated a massive base of more than 32 million daily active users. As Chingari explains, the $GARI tokens are expected to be in big demand as they will be indispensable to the four major stakeholders on its platform – the content creators, viewers, advertisers and developers. SolRazr co-founder Sreekanth Kalapur said $GARI’s debut will be the biggest IDO on any launchpad in the crypto space so far. “$GARI will help creators on Chingari create their e-commerce ecosystem through physical merchandise, NFTs, and raising funds from their fans directly,” he added. Beyond serving as the main currency of Chingari’s ecosystem, $GARI will also enable users to develop NFT projects and reward their favorite artists
“It will allow content creators on the Chingari app to create their own ecommerce area, which will include actual items, develop NFT projects, and help consumers fund their favorite artists,” explained Chingari CEO Sumit Ghosh. Chingari will also develop a reward-based system on its app that’s intended to incentivize its creator ecosystem, and said $GARI will play a key role in this process. Chingari brand ambassador Salman Khan , a Bollywood superstar and avid proponent of cryptocurrency, said creators will be key to shaping the future of mobile entertainment. He believes the reward program will motivate Chingari influences to create far more engaging videos. “It’s going to be an interesting journey hereon,” Khan promised. Chingari previously raised $12.3 million last month from the first public sale of $GARI on Republic.

SolRazr Platform To Host Chingari’s $GARI IDO

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