Chingari is currently the fastest-growing short video app in India with millions of daily active users. Users can upload short videos and share them with the world. Every time users upload videos, they will be rewarded with GARI tokens. GARI represents as the social token for the Chingari Creator Community, giving the team governance rights on future platform development through DAO to create a circular economy. GARI is distributed among platform contributors. At the same time, it will benefit from the value of the network.

Chingari is based on Solana which is featured with high tps and low gas fees that can meet the high concurrency requirements of users.

Chingari has raised about 50 million US dollars, currently listed on many mainstream exchanges. Its token liquidity market value is 50 million US dollars. What’s more, it owns more than 90,000 Twitter followers and 170,000 tg users.

The short video industry in India is now developing rapidly. Similar competitors include Moj and Josh. Moj has raised 502 million US dollars, with a valuation of more than 2 billion and monthly actives users of more than 100 million; Josh has raised 100 million US dollars, with a valuation of 1 billion US dollars, and a monthly actives user of more than 70 million; Chingari has raised 50 million and monthly active users of 30 million.

The development of similar products is much better than that of Chingari. It is predicted that there will be at most two companies in the short video industry in India, which means Chingari is currently facing a huge challenge.

If Chingari wants to stand out from the short video field, it must grasp the two points below:

• Content comes first;

• Product functions need to be comprehensive and reasonable.

But the current situation is that the content is plain and the product functions are also unsatisfactory.

To sum up, there are two suggestions:

• The Creator Incentive Mechanism can attract more high-quality creators to settle down. This part depends on the follow-up operation.

• The product functions need to be developed and improved as soon as possible. The most direct and easiest way is to imitate the Douyin mode.

At present, the users of Chingari can be divided into two categories: product users and token supporters.

Product users: Most users of this product are Indians now. We can find that users’ participation is low through meaningless comments and few interesting interactions.

Token Users: they are active in the Telegram and Discord groups. The project is endorsed by an influential KOL who has 400m followers.

Besides, the COO has experience in large-scale project operation, but the CEO does not seem to have. Thus, the team lacks experienced personnel in blockchain project operation.

• According to the research of the SOLSCAN, the current circulating tokens account for about 9% of the total. While in the token economic model, it should account for 6%.

• Community releases token every 10 days which brings heavy selling pressure.

• Tokens for Seed Round and Private Round are locked.

• India's domestic policy is unclear.

• The most important thing in the short video field is the video content itself. If the quality of the content cannot continue to improve, the product will be abandoned.

• The founder is inexperienced in the industry.

Chingari may become a leading product in the socialfi field, but it still faces huge challenges. I hope the team will be capable to carry greater market opportunities. We need to keep track of what's going on in the project.

Chingari is currently the fastest-growing short video app in India with millions of daily active users. Users can upload short videos and share them with the world. Every time users upload videos, they will be rewarded with GARI tokens. GARI represents as the social token for the Chingari Creator Community, giving the team governance rights on future platform development through DAO to create a circular economy. GARI is distributed among platform contributors. At the same time, it will benefit from the value of the network.

Chingari is based on Solana which is featured with high tps and low gas fees that can meet the high concurrency requirements of users.

Chingari has raised about 50 million US dollars, currently listed on many mainstream exchanges. Its token liquidity market value is 50 million US dollars. What’s more, it owns more than 90,000 Twitter followers and 170,000 tg users.

The short video industry in India is now developing rapidly. Similar competitors include Moj and Josh. Moj has raised 502 million US dollars, with a valuation of more than 2 billion and monthly actives users of more than 100 million; Josh has raised 100 million US dollars, with a valuation of 1 billion US dollars, and a monthly actives user of more than 70 million; Chingari has raised 50 million and monthly active users of 30 million.

The development of similar products is much better than that of Chingari. It is predicted that there will be at most two companies in the short video industry in India, which means Chingari is currently facing a huge challenge.

If Chingari wants to stand out from the short video field, it must grasp the two points below:

• Content comes first;

• Product functions need to be comprehensive and reasonable.

But the current situation is that the content is plain and the product functions are also unsatisfactory.

To sum up, there are two suggestions:

• The Creator Incentive Mechanism can attract more high-quality creators to settle down. This part depends on the follow-up operation.

• The product functions need to be developed and improved as soon as possible. The most direct and easiest way is to imitate the Douyin mode.

At present, the users of Chingari can be divided into two categories: product users and token supporters.

Product users: Most users of this product are Indians now. We can find that users’ participation is low through meaningless comments and few interesting interactions.

Token Users: they are active in the Telegram and Discord groups. The project is endorsed by an influential KOL who has 400m followers.

Besides, the COO has experience in large-scale project operation, but the CEO does not seem to have. Thus, the team lacks experienced personnel in blockchain project operation.

• According to the research of the SOLSCAN, the current circulating tokens account for about 9% of the total. While in the token economic model, it should account for 6%.

• Community releases token every 10 days which brings heavy selling pressure.

• Tokens for Seed Round and Private Round are locked.

• India's domestic policy is unclear.

• The most important thing in the short video field is the video content itself. If the quality of the content cannot continue to improve, the product will be abandoned.

• The founder is inexperienced in the industry.

Chingari may become a leading product in the socialfi field, but it still faces huge challenges. I hope the team will be capable to carry greater market opportunities. We need to keep track of what's going on in the project.