What is Gari Network?

Gari Network (GARI) is a cryptocurrency that strives to support short-form video creators on Chingari, a well-known short-form video app in India. GARI is designed to enable creators to monetize their content on the blockchain. The GARI token is introduced as a social token for the Chingari community, providing creators with governance authority over future platform developments through a Decentralized Autonomous Organization (DAO) and fostering a circular economy. The token is distributed to contributors for the value they create on the platform, and in turn, GARI benefits from the value of the network itself.

How does Gari Network work?

Gari Network operates by rewarding creators on the Chingari platform with GARI tokens for their content. The tokens serve as a form of governance, allowing creators to have a say in the future developments of the platform through a DAO. The GARI token also facilitates transactions on the platform, facilitating users in the exchange of goods and services, tipping content creators, and accessing premium content. The platform runs two groups of mechanics: transactional mechanics, which facilitate an exchange of goods and services, and collaborative mechanics, which help users coordinate around a common goal or agenda. All interactions are facilitated with the GARI token.

What are the potential use cases for Gari Network?

Gari Network seeks to provide a range of use cases for its users. For creators, GARI tokens may be received as compensation for creating content, providing a new avenue for monetization. For viewers, GARI tokens can be used to tip their favorite creators, access premium content, and participate in the platform's governance through the DAO. Advertisers can also use GARI tokens to pay for ad placements on the platform. Furthermore, GARI tokens can be staked in a Creator Pool, allowing users to support creators and may receive a share of their future revenues.

What is the history of Gari Network?

Gari Network was developed as part of the Chingari app, a short-form video platform that has rapidly grown in popularity in India. The introduction of the GARI token was a strategic move to enable creators to monetize their content and have a say in the platform's future developments. The GARI token was designed to be distributed to contributors for the value they create on the platform, thereby benefiting from the value of the network itself. The Gari Network strives to bring the decision-making power back to the users, recognizing that creators are the core value drivers of the platform.