Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: rick666 on July 20, 2022, 10:43:24 AM
-
Chinigari's utility token is GARI, also known as Chingary Token. Chingari is a Web3 DAO short video application that helps content creators directly by allowing them to monetize their content on the blockchain using the GARI token.
GARI's Key Features
Chingari is the first Web3 application to recognize the significant disparity between the actual size of the short-video production economy and the actual profits received by content creators; through the GARI token, Chingari hopes to dramatically alter that landscape.
Pools of Creators Creators can start special pools in which users can buy shares by giving GARI to the creator. The more shares of the pool sold, the more expensive the individual shares become. Shareholders can also redeem their shares by withdrawing a pro-rata portion of the remaining pool. By allowing the creator to withdraw tokens and automatically dividing the creator's revenues among the shareholders, the pool benefits both the creator and the shareholders.
Transactional Mechanisms that are Diversified GARI tokens can be transferred on the chain via several methods, including 1) tipping, 2) influencer marketplace, and 3) sales of courses on Chingari Skill and NFTs.