The biggest champion of cryptocurrency in social media, Chingari, is now offering an income stream to millions of creators and users of its short video sharing app. India’s TikTok clone has just announced that its GARI Mining program is now live, meaning creators and users of the platform have a way to earn cryptocurrency from doing what they love – creating funny videos, watching them and sharing their favorites with other users. Under the program, Chingari users will be able to obtain rewards, paid out in $GARI tokens, by completing a range of daily activities such as logging into the app, viewing content, liking stuff, sharing it and commenting. It’s no chump change either – Chingari explained that it will create a daily reward pool of 50,000 $GARI for users, with $5,000 GARI set aside as a login bonus and the remaining $45,000 GARI to be distributed to those who complete other activities. With the launch of GARI Mining, Chingari says it’s creating a fairer and more dynamic creator economy that introduces the concepts of create-to-earn, watch-to-earn and engage-to-earn in the world of social media. Users will get paid for interacting with the app each day, and will be able to use those earnings to tip other content creators, buy merchandise on the platform or even cash it out into real money. Chingari co-founder and CEO Sumit Ghosh said the company is really democratizing the creator economy and ensuring a level...
