Gari Network is a blockchain-powered platform integrated with the Chingari app, designed to enhance content creation and monetization for creators. By utilizing GARI tokens, creators can earn revenue through tips, exclusive content, and staking pools. The platform supports features like live streaming, audio chats, and text chats across various categories and Chingari Game Zone. It enables content monetization through blockchain technology and offers governance rights via a Decentralized Autonomous Organization (DAO). ^[12]

Overview

Gari Network, established in August 2021 by Sumit Ghosh, Deepak Salvi, Biswatma Nayak, and Aditya Kothari, operates within the Chingari app, launched in November 2018. The network utilizes blockchain technology to support content creators. Initial funding included a $300k grant from Solana, a $4 million seed round, and a $15 million private sale, followed by a $6 million initial DEX offering (IDO) in Q4 2021.

In 2022, Gari introduced features such as the Chingari wallet, Gari Mining, and NFTs. By 2023, it expanded to multi-chain support and launched the Gari Academy. Plans for 2024 involve the introduction of SDK services for Aptos and enhancements to its NFT offerings. ^[2]

Use Cases

Gari Network allows streamers to earn GARI tokens, while viewers can send gifts or pay with GARI tokens to access premium content.^[2]

It leverages blockchain technology to enhance the Chingari app, providing several key use cases: ^[1][17]

• Live Streamer Monetization: Live streamers can showcase their skills, engage in real-time conversations, and share expert insights under diverse content categories such as dating, gaming, and general discussions. They can earn gifts and monetize their skills to earn $GARI.
• Audio Streamer Monetization: Audio streamers can create or join collaborative audio rooms for engaging discussions and interactions. They can host quizzes, showcase singing, mimicry, and imitation skills, and monetize their time and gifts received through $GARI.
• Gaming: Users can play interactive multiplayer games like Ludo and Snake with other users. They can play free games or join using $GARI to enhance the gaming experience.
• $GARI Mining: The GARI Mining program is an extensive "Engage & Earn" initiative that incentivizes Chingari users to actively participate in the streaming economy.
• ​​$GARI Staking: GARI token holders can earn passive income with a 10% annual percentage yield (APY) by staking their tokens.
• Decentralized Governance: GARI token holders participate in platform governance through a DAO, influencing future development and updates.

Products

Garibot

GariBot is a Telegram trading bot compatible with Solana and Aptos, with future support for Base. It allows users to make purchases by pasting a token address, streamlining the trading process without requiring wallet connections. ^[6]

GariBot also provides White Label Solutions for custom trading bots tailored to token projects and launchpads, featuring: ^[7]

• Custom Branding: Align with the project's identity.
• Seamless Trading Experience: Simplified transactions within Telegram.
• Revenue Stream: Earnings from transaction fees.
• Trading Competitions: Engagement through leaderboards.
• Referral and Burn Mechanism: Customizable rewards and token burns.
• Detailed Dashboard: Performance analytics.
• Full Customization: Adjust messages and trading fees.

These solutions enhance community engagement and increase token utility through streamlined transactions and revenue mechanisms.

Ecosystem

Chingari

Built on the Solana blockchain, GARI allows creators to set up e-commerce areas and develop NFTs. The platform also plans to partner with direct-to-consumer brands for shoppable videos, enabling users to buy featured products using GARI tokens. Additionally, GARI provides governance rights within a Decentralized Autonomous Organization (DAO), fostering a shared economy for creators and users. It has 200 Millions+ downloads, 125,000+Daily On-Chain users, 90k MAU (Monthly Average Users) on game P2E. ^[10]

Chingari Wallet

The Chingari Wallet is a digital payment solution seamlessly integrated with users' Chingari accounts, designed to support DeFi and NFTs. To activate the Chingari Wallet, users must complete a Know Your Customer (KYC) process, verifying their identity, address, and phone number.

This wallet allows users to effectively manage and transact using $GARI tokens. All in-app transaction fees are borne by Chingari, ensuring users pay no fees. This fee-free model simplifies onboarding and encourages users to adopt and stay within the Web3 ecosystem seamlessly. ^[8]

Chingari Game Zone

Built on the Aptos blockchain, Chingari Game Zone will leverage its expertise in social media, entertainment and blockchain tech to create engaging and interactive gaming experiences for users.

The game zone will offer a curated selection of popular and engaging mobile games, Ludo & Snake, voice communication-based web3 games. Chingari plans to launch more games to expand its Web3 gaming portfolio and cater to diverse tastes and preferences. ^[13]

Tokenomics

Gari Network ($GARI)

The $GARI token is the native currency of the Chingari platform, aimed at empowering streamers and enhancing their influence within the ecosystem. Users can earn $GARI tokens by engaging on the Chingari app, promoting a monetization model that rewards their time spent or spend $GARI to unlock premium features of the audiorooms and live streams. ^[9]

Collaborative Mechanics

Gari Network fosters community involvement through: ^[4]

• Governance: Users stake GARI tokens in the Chingari DAO to vote on platform decisions and influence its development.
• Token-Gated Rooms: Gari Panda holders can set token-gated access to audiorooms, limiting entry to only those holding Gari Pandas(NFTs launched by GARI Network).

Technical Mechanics

• Tipping: Users tip creators with GARI, with blockchain tracking all transactions.
• Influencer Marketplace: Creators earn GARI for sponsored content, and users can buy advertised products with tokens.
• Chingari Skills & Digital Goods: Creators sell courses and digital items, like NFTs, using GARI tokens.

Allocation

The total supply of GARI tokens is 1 billion, distributed as follows: ^[16]

• Private/Pre-sale: 20% (200 million)
• Public sale:20% (200 million)
• Community reserves: 25% (250 million)
• Team & Advisors: 15% (150 million)
• Airdrop: 5% (50 million)
• Staking Rewards: 15% (150 million)

Key Partnerships

Gari Network goes Multi-chain, Chingari app to launch on Aptos blockchain

Chingari, a web3 social app, goes multichain, with a scheduled launch on the Aptos Network in Q2, 2024. This move is a testament to Chingari’s commitment to providing its users with the best possible experience with innovative blockchain products and showcases the platform’s determination to stay at the forefront of decentralized technology. ^[14]

Chingari Integrates Wormhole to Enable expansion to Aptos Network

Chingari has announced its integration with Wormhole to enable blockchain interoperability and go cross-chain. ^[15]

Chingari Launch on SolRazr

Chingari has partnered with SolRazr to facilitate one of the largest Initial DEX Offerings (IDOs) for the $GARI token. This collaboration aims to provide creators on the Chingari platform with tools for developing e-commerce ecosystems, including physical merchandise and NFTs. The IDO process is designed to be user-friendly, eliminating the need for whitelisting. ^[9]

Collaboration with Republic

Chingari has also engaged with the Republic platform, successfully raising approximately $12.3 million during a 24-hour sale. This partnership is focused on enhancing the monetization opportunities for creators and users on the Chingari platform, aligning with Republic’s vision of integrating social tokens into the creator economy. Prior to this, Chingari secured over $19 million from various venture funds and individual investors. ^[9]

Chainlink Integration on Solana

Gari DAO has partnered with Chainlink to integrate its Price Feeds into the Chingari app on the Solana Mainnet. This collaboration enhances the app's functionality by enabling smart contracts and supporting e-commerce ads and prediction markets. Chainlink was chosen for its reliable infrastructure and extensive market data expertise, providing transparent and accurate pricing. This partnership aims to incentivize content creation and improve user engagement within the Chingari community. ^[10]

Team

• Sumit Ghosh: CEO and Chief of Product Growth, Ghosh successfully scaled his first startup to generate $9 million in revenue and specializes in user acquisition strategies.
• Deepak Salvi: Co-Founder and COO, Salvi has over 20 years of industry experience and was a key figure in the launch of Zee5's OTT platform.
• Biswatma Nayak: Co-Founder and CTO, Nayak has developed 15 social media automation tools and dating apps, achieving over 1 million users. ^[11]