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Gary Token The social media platform for content creators is powered by Chingari. Under the newly launched mining program, creators and users will get Gary tokens for viewing, liking, sharing and commenting on content on the platform.
Spark is one of the fastest growing on-chain social apps in the world and claims to host 40 million Monthly Average Users (MAUs). Spark becomes the first social app in the world to introduce crypto To its creators and users on the platform.
Under the Create-2-Earn (C2E), Watch-2-Earn (W2E) and Engage-2-Earn (E2E) programs, creators and users can earn Gary for in-app activities including creating, liking There is a social token to do. , and video sharing.
Following the announcement, the Gari token rose nearly 40 percent to $0.84 on Wednesday, but lost some of its steam, and was last traded at $0.81, data from Coinmarketcap showed.
However, the token took a major hit, with a 44 percent drop in volume in the past 24 hours as $21.37 million worth of tokens were exchanged. The project claimed a market capitalization of ₹37.5 million at the time of writing the report.
According to a release from Spark, Gari tokens will be distributed to creators from a daily pool of 50,000 tokens, of which 5,000 tokens will be set aside for the daily login bonus.
The remaining 45,000 kernels will be rewarded to users/creators for enjoying in-app activities including watching, liking and sharing videos on the app.
In addition, earning can be further enhanced by using Gary Badges, which are NFTs that a user/manufacturer can purchase in the Chingari app to increase their daily Gari earnings up to 10 times depending on the badge level.
There are five badge levels including Basic, Bronze, Silver, Gold and Diamond that offer 2x, 3x, 4x, 5x and 10x multipliers respectively.
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