The clients of OKEx were granted the opportunity to trade Gari Token, GARI, starting from January 18, 2022. OKEx is one of the largest crypto exchanges around the world, having the second-largest trading volume. The launch of GARI token on the platform is another step for the crypto exchange to diversify its offerings further.
According to the representatives of the crypto exchange, they have also made an undisclosed amount of investment in Chingari. GARI is an Indian crypto token that was launched by a Bollywood actor, Salman Khan about a year ago. This is the first social crypto-token in India and has become quite popular for traders in the region.
Thanks to the decision to adopt the cryptocurrency on the exchange, the Chingari App clients will now be able to have a way into the blockchain industry. This is a very important decision for both OKEx and the GARI Token as well. According to the official information published by OKEx, the decision to adopt GARI is dedicated to the South Asian region.
The Allotment Session for the cryptocurrency went live on January 18, at 4 UTC time, and the maximum allotment per person was limited to 7,500 GARI Tokens. Following the session, it was also announced by the company and in the near future, GARI spot trading pairs will also be made available on the crypto exchange, which will make trading more comfortable for individuals.
Only traders from countries such as India, Pakistan, Nepal, Bhutan, Sri Lanka, and the Maldives will have access to the trading services.
According to Netero, the Asian CEO of OKEx, with this partnership, the company aims to empower the Chingari App community with revolutionary blockchain technology. He also said that blockchain technology will support content monetization for the clients of the app and will support their creative ideas further. Netero also added that they are always ready to partner up with companies that have the same vision for the future of blockchain technology.
Social Token for Creative Community
GARI was established last year, and it has managed to become very popular in the region. This is a special community of the creators of Chingari. According to the official information, the social token aims at supporting the future development of the industry through DAO and creating a circular economy.
According to those behind GARI, it would enable content monetization to become more mainstream than before in India and the whole region as well. Thanks to the platform, the clients will be able to create different types of content and view those that were made by others.
On the monthly basis, over 30 million active users of Chingari will be able to get on-chain and create content. According to the representatives of the company, this will be the first time in the history of blockchain to onboard millions of users on the day of the launch.
After going live, the crypto exchange has made a total of five million tokens available for the clients to buy. Those who were willing to buy the token only were able to do so using the OKB token, which is the native token of the OKEx platform.
OKEx – One of the Leading Exchanges
OKEx was established in 2017 aiming at providing a variety of services to traders around the world. OKEx does not limit its services to simply buying and selling crypto assets, but also offers other services such as derivatives trading as well as margin trading.
Such a diverse array of offerings has made this crypto exchange one of the leading providers around the world. Initially established in Seychelles, the company has managed to become very popular in many countries.
The proprietary blockchain of the crypto blockchain, called Okchain, was started in 2020. Thanks to this, the clients of the company gained access to products such as smart contracts, cross-chain applications, and many others. OKEx is among the most popular crypto exchanges around the world, the trading volume of the crypto exchange is huge, standing at $13 billion in average daily trading volume. The company continues its growth very fast, always being at the forefront of market innovations and future developments.
There are numerous crypto assets available for trading at OKEx, including cryptocurrencies such as BTC, ETH, XRP, as well as DOGE, DOT, and many others. In total, there are over 400 trading pairs offered by OKEx, which can help crypto enthusiasts further diversify their investments. The crypto exchange is very user-friendly and is focused on the development of its services to attract more clients from all over the world.
The recent decision of the company about the adoption of the GARI Token is another step for OKEx to further diversify its offerings and support further innovations in the market. As already mentioned, the new offer will only be available for traders in South Asia.
