Short-video sharing social media app Chingari has announced the GARI mining program under which it will offer cryptocurrency with the same name.

GARI, the social tokens, will be awarded to creators and users for doing in-app activities.

Chingari’s native token, GARI enables creators to monetize their content on the Blockchain with the GARI token.

The Solana blockchain-based digital tokens worth Rs.93 crore will be offered to users annually.

The GARI tokens will be distributed to the creators from a daily pool of 50,000 tokens, out of which 5,000 tokens will be set aside for the daily login bonus. The remaining 45,000 GARI will be rewarded to the users/creators for enjoying in-app activities including watching, liking, and sharing videos on the app.

Moreover, the earnings can be further increased by using GARI badges which are the NFTs a user/creator can purchase in the Chingari app to multiply their daily GARI earnings up to 10x, depending on the badge level. There are 5 Badge levels including Basic, Bronze, Silver, Gold, and Diamond that offer 2x, 3x, 4x, 5x, and 10x multipliers respectively.

Speaking at the launch of the GARI Mining Program, Sumit Ghosh, Co-founder & CEO, of Chingari and GARI token said, “It gives us immense pleasure to announce the GARI Mining program. We promised to democratize the creator economy when we launched Chingari a few years back and the GARI Mining is at the vanguard of that process. This program will ensure a level playing field for big and humble creators. Now, creators and users on the app can earn GARI tokens which can be traded on exchange for money and creators will not be at the mercy of brand collaborations as their only source of income. The program will offer at Rs. 93 crore (12 million) to the creators and users annually.”