Gari Network

Purpose and Intended Use

Gari Network is the native token of Chingari, an Indian short-form video sharing platform similar to TikTok. The GARI token is designed to enable creators to monetize their content, allow users to tip content creators, and facilitate in-app purchases within the Chingari ecosystem.

Business Model Analysis

The platform's business model centers around content creation and social media engagement, with the token serving as the primary medium of exchange within the ecosystem. The core activities - content creation, sharing, and tipping - align with halal principles as they involve genuine value exchange and creative work.

Real-World Adoption

Chingari claims over 130 million downloads of their app and significant daily active users, primarily in India. The GARI token has been integrated into the Chingari app, allowing users to earn tokens for creating and sharing content.

Platform Development

The project shows ongoing development activity, with regular updates to both the Chingari app and the GARI token ecosystem. The team has implemented features like creator dashboard, NFT marketplace, and in-app token utilities.

Token Distribution and Governance

GARI tokens were distributed across various stakeholders including team members, advisors, and the community. The project implements vesting periods for team allocations to prevent immediate selling pressure.

Technology and Revenue Model

The token operates on the Solana blockchain, facilitating fast and low-cost transactions. The revenue model is primarily based on content monetization, tips, and virtual gifts, which are permissible activities under Islamic finance principles.