The social media platform has descended into the crypto space with its very first token burn with a long-term strategy for its community
GARI, the native token of the social media platform Chingari, has come into the spotlight recently, with the firm going ahead with its first token burn. Opting to fund the token burn from its boost and badge sales revenue, Chingari has set a goal of maintaining the supply of 21 million GARI tokens through monthly token burns.
Initially, the token burn will consist of 2.6 million GARI tokens which will represent 0.25% of the total supply of the tokens. Chingari has set eyes on creating a robust token ecosystem for its users, which could thrive in the long term.