Gari network, 2nd biggest project on the Solana blockchain crosses the historic milestone of 2 million token holders

Bengaluru, 16th Jan, 2022: The world’s largest social token, Gari has crossed the mark of 2 million token holders in just eleven months of its integration into Chingari, the world’s leading web3 short video app with over 170 million downloads. The massive jump has propelled the Gari token to the second-largest project on the Solana blockchain in terms of the number of token holders. It is to be noted that 100,000 new token holders were added to the Gari network in just the last 10 days

As part of the Gari Mining program, users and creators are rewarded with GARI for viewing, commenting, and uploading videos on Chingari’s app. Gari is Chingari’s native crypto token.

Since its launch in February 2022, the Gari crypto token has gained a great deal of community support and attracted 600k token holders within three months. By July 2022, 700k users had signed up for the Gari wallet. With the number of token holders continuing its upward trend, 1 million token holders were registered on August 2, 2022, and now it has surpassed the 2 million milestones.

Commenting on the milestone, Sumit Ghosh, CEO and Co-Founder, Chingari said, “The 2 million user milestone is a testament to continuous adoption of the Chingari app amongst the new users. With the launch of our initiatives like video NFT Marketplace, subscription plans, audio rooms, and GARI Mining, users now have now access to a wide range of options to monetize their content. We are passionate about enabling users and creators to benefit from the new tokenized economy, and Gari is at the core of our efforts. We are looking forward to the next phase of growth, as we plan to onboard the first 1 billion crypto users on the Chingari platform.”