Chingari, the alternative to TikTok in India, is preparing to launch its crypto-token soon

Hindi short video sharing platform Chungari has completed spark, a round of financing worth 19 $1 million, to launch its main network, and conduct the sale of its Gary token GARI and based on Solana Solana, the company announced on Friday.

Co-founder and CEO of Chingari spark، Sumit Ghosh, the token is slated to be sold at 2 November, while the mainnet and app are expected to be launched by the end of that month.

50 million users on Chingari

According to gosh, will allow platform Blockchain blockchain From Chingari to users, by obtaining codes, to create or watch content, he explained:

“We will do what you did Axi Infinity games, on social media.

It is worth noting that since India banned the platform TikTok Earlier this year, a number of companies, including Chingari, tried to fill the void for short video-sharing apps in the Indian subcontinent.

Chingari spark, that its user base has grown from 100 A to 50 million people in six months, following the state's ban on the Tik Tok platform.

Social media companies are increasingly moving into the cryptocurrency industry, with TikTok recently announcing its first token launch NFTs its own in late September, it also enabled Twitter Earlier its users, than convert coins Bitcoin between each other, across the platform.