Huobi Global, one of the world’s leading digital asset exchanges, today announced its 11th Primelist event, providing users with exclusive access for the SocialFi Gari Network project and its GARI token after its official listing. The Gari Network encourages users to create content for its social media platform. Primelist participants can line up for a numbered ticket or hold Huobi Tokens for three days to potentially win a GARI token supply allocation.
Gari Network will use the listing to fund further development and ensure that it has ample funding to incentivize content creators. The company is built on the concept of SocialFi – a combination of social media, web3.0 and finance to incentivize users with rewards by tokenizing their social influence. The problem with traditional social media platforms is that they tend to dominate content creation, making it difficult for emerging content creators to grow and thrive.
To solve this problem, Gari Network has launched a short-form video app, Chingari, which allows users to create and share videos, rewarding them with GARI tokens. China is now Of India Fastest growing video app, with over 85 million users. It helps video viewers interact with its transparent limited features and its decentralized governance structure allows users to have a say in how the platform is run.
The 11th Primelist event reflects Huobi’s efforts to support projects that can disrupt industries. Starting at 19:30 (HKT time) on January 18, 2022, users will be eligible for an allocation of the GARI offering at the opening price, if they queue up to buy a numbered ticket or hold Huobi Tokens for three days. Other users not participating in Primelist can also purchase GARI tokens on Huobi Global after listing.
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