How To Buy Gari Network (GARI)?

A common question you often see on social media from crypto beginners is “Where can I buy Gari Network?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.

Step 1: Create an account on an exchange that supports Gari Network (GARI)

First, you will need to open an account on a cryptocurrency exchange that supports Gari Network (GARI).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Gari Network (GARI) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Gari Network (GARI)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Gari Network (GARI) or Gari Network (GARI) trading pairs. Look for the section that will allow you to buy Gari Network (GARI), and enter the amount of the cryptocurrency that you want to spend for Gari Network (GARI) or the amount of fiat currency that you want to spend towards buying Gari Network (GARI). The exchange will then calculate the equivalent amount of Gari Network (GARI) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Gari Network (GARI) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Gari Network (GARI)?

Chingari is basically the main destination for short-videos in India. You can also call it a micro version of YouTube. The only difference is, Chingari is made for short content creation, videos ranging from 15-45 seconds in time. There is an extra advantage though. Creators will also have access to the array of filters, effects, and most importantly, a huge music library.

Chingari is specially built to cater to the Indian audience. Chingari supports more than 10 languages, which include Hindi, Bengali, Tamil, Gujrati, Kannada, Marathi, Telugu, Odia, English, Malayalam, and Punjabi. Users can choose their preferred language and start to enjoy using the app.

The current Chingari platform has 31.26M MAU and serves 3.5M users per day. In the past year, over 4M users were acquired each month, and the potential audience is much bigger. It is the vision of Chingari that each user (creator and viewer alike) should have their own tokens and direct blockchain interactions, making the platform more resilient and providing the users a gateway into the blockchain world without crippling its natural strong characteristics.

The Chingari Platform is an extension of the Chingari ecosystem into the blockchain space. The goal is to empower both creators and viewers with technological and financial instruments to interact directly with each other and have control over the long-term direction of the social economy impacting the platform and the product. The platform interconnects through the Chingari App and GARI token, opening to the app users a wider blockchain world where they directly control their assets and can use their tokens both in- and out of the app to connect and transact with their counterparties, place governance votes, and catalyze platform engagement and user base growth. The GARI token was introduced as both a future in-app currency and a governance token. With GARI they aim to seamlessly bring crypto to the interested audience through step-by-step introduction of GARI via simple and easy granular in-app mechanics.

The GARI token will serve two main functions:

• Transactional mechanics facilitate an exchange of goods & services
• Collaborative mechanics help users coordinate around a common goal or agenda, such as supporting a particular creator or defining the future of the platform.

What are creator pools?

Creator pools are a way for the viewers to support creators by providing them with GARI through a special mechanism.

• A creator initializes a special pool, that is used for social endorsement and is tied to the creator’s popularity. By giving GARI to the creator users obtain shares of that pool. The more shares of the pool are sold, the more expensive they become. Shares can also be redeemed by shareholders by withdrawing the pro rata part of the remaining pool.
• The creator proceeds to draw tokens from the pool, getting an advance on their future revenues as a way to fund their career early. Correspondingly, later on their revenues on the platform will be automatically split with the pool shareholders along with their respective shares and the percentage the creator set initially.

If users participate in a Creator Pool, they will be able to access the locked content types: private chats, contests, videos, etc. We expect this to be a major utility point behind the GARI asset. The creator can also decide to reward her supporters by giving premium access to some of her content, depending, for instance, on the amount of GARI that individual stakers put into the pool.

Gari Network development updates in 2023

Gari Network, recognized as the world’s largest Web3 live streaming platform and associated with the Chingari app, has introduced significant technological advancements and notable changes to its platform in 2023. These developments highlight Gari Network’s commitment to enhancing its ecosystem, ensuring robust community engagement, and expanding its reach in the blockchain domain.

Technological Advancements and Network Updates

• Expansion of the Live Streaming Platform: Gari Network continues to grow as a major streaming and crypto community, boasting over 100 million downloads on the Play Store and an active daily on-chain user base. This growth cements its position as a key player in the Web3 live streaming space​​.

• Innovative Features for Content Creators: The network empowers content creators worldwide with blockchain technology, enabling them to engage in live conversations, share expert insights, and earn through various channels like live streaming, audio chat, and text chat. These features are designed to incentivize creators to produce high-quality content​​.

• Enhanced User Engagement and Monetization: With its integration into Chingari, Gari Network offers a variety of interactive options like video calls, audio calls, and chats across diverse categories, thereby enhancing user engagement and providing monetization avenues for content creators​​​​.

Significant Changes to the Platform

• Roadmap Progression and Key Milestones: Gari Network has achieved several milestones as per its roadmap, including the launch of Chingari wallet integration with third-party apps, the introduction of Gari Academy, and the rollout of Aptos integration on Chingari. These developments contribute significantly to the platform’s utility and accessibility​​.

• Adoption of Multi-chain Architecture: In its pursuit of innovation, Gari Network has moved towards a multi-chain setup, supporting both Solana and Aptos. This transition allows for broader interoperability and enhanced performance across different blockchain ecosystems​​.

• Introduction of NFT and DAO Features: The platform has introduced features like GARI Panda Club and on-chain giftings, emphasizing its alignment with current blockchain trends such as non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs)​​.

• Future Plans for 2024: Looking ahead, Gari Network plans to further expand its ecosystem with the introduction of an SDK service for the Aptos chain, support tools for the Aptos ecosystem, a multi-chain vNFT marketplace, and a standalone multi-chain wallet. These initiatives are expected to broaden the network’s scope and utility in the blockchain domain​​.

Market Performance and Volatility

• Gari Network’s token, GARI, has shown moderate volatility and price fluctuations, with a significant increase observed on a particular day in October 2023. This volatility reflects the dynamic nature of the cryptocurrency market and underlines the importance of careful market analysis for potential investors​​.
• As of the latest data, Gari Network has a market cap of approximately $10.41 million, with a circulating supply of over 273 million GARI coins and a maximum supply capped at just under 1 billion GARI coins. This places it in the mid-tier of cryptocurrency rankings based on market capitalization​​.

These updates collectively indicate a strong year for Gari Network in terms of technological innovation, platform enhancement, and market performance. The focus on multi-chain architecture, creator empowerment, and community engagement positions Gari Network as a forward-thinking player in the blockchain and cryptocurrency space. As with any investment in cryptocurrencies, potential investors should be mindful of market volatility and perform thorough research before making investment decisions.

Official website: https://gari.network/

Best cryptocurrency wallet for Gari Network (GARI)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Gari Network (GARI)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).