[PRESS RELEASE – Please Read Disclaimer]
LONDON, Jan. 13, 2022 /PRNewswire/ — Huobi Global, one of the world’s leading digital asset exchanges, today announced its eleventh Primelist event, giving its users exclusive access to the SocialFi Gari Network project and its GARI token during its official listing. Gari Network encourages users to create content for its social media platform. Primelist participants can queue for numbered tickets or hold Huobi tokens for three days to potentially win an allocation from the GARI token offer.
Gari Network will use the listing to fund its growth and ensure it has sufficient capital to incentivize content creators. The company is built on the concept of SocialFi – a fusion of social media, web3.0 and finance that incentivizes 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 launched a short form video app, Chingari, allowing users to create and share videos, rewarding them with GARI tokens. Chingari is now the fastest growing video app in India, with over 85 million users. It keeps video viewers engaged with seamless failover features, and its decentralized governance structure gives users a say in how the platform works.
The eleventh Primelist event reflects Huobi’s efforts to support projects that can disrupt industries. From 7:30 p.m. (HKT time) on January 18, 2022, users will be eligible for an allocation of the GARI offer at the opening price, if they queue for numbered tickets or hold Huobi tokens for three days. Other users not participating in Primelist can also buy GARI tokens on Huobi Global after registration. For more details, click here.
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About Huobi Group
Huobi Group, a world-leading blockchain company, was founded in 2013 to make breakthroughs in core blockchain technology and further integrate blockchain technology with other industries.
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