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stockvaper

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stockvaper

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Sunday, 10/10/2021 2:14:54 PM

Sunday, October 10, 2021 2:14:54 PM

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Indian TikTok challenger raises $19M to launch social token on Solana

"Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token.

Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced on Friday."

"Since India banned TikTok earlier this year, a number of firms — including Chingari — have tried to fill the void for short video-sharing apps in the subcontinent. Following the ban, Chingari claims that its user base grew from 100,000 to 50 million people in six months".

https://cointelegraph.com/news/indian-tiktok-challenger-raises-19m-to-launch-social-token-on-solana
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