Blog

BENGALURU, INDIA, 15th December, 2021,

Highly anticipated $GARI Token Sale Now Live

India’s fastest-growing short video sharing platform, Chingari, recently announced the Initial DEX Offering (IDO) of its native $GARI token. The highly anticipated IDO is now live on the Solana-based SolRazr launchpad.

Dubbed the largest IDO of its kind on a launchpad across all blockchains, the $GARI token sale kicked off today, December 15th, and will continue until December 18th, 2021. This IDO follows Chingari’s recent live token sale on the Republic platform, where the Chingari team raised $12.3 million within 24 hours of listing – a new record in itself.

Previous token sales have accelerated the demand and enthusiasm for the $GARI token, considered the first “social crypto token” in India. The $GARI token was officially launched at a private event hosted by Bollywood megastar and Chingari brand ambassador Salman Khan.

At the same time, the Chingari app has established itself as one of the fastest-growing social apps in India, racing ahead of prominent apps like Facebook, Reddit, and other homegrown short video apps like MX TakaTak, Moj, Josh, and several others. Per recent stats, the Chingari app has been downloaded over 90 million times and currently boasts of more than 32 million active users.

Positive about the $GARI token IDO, Chingari CEO and Co-Founder Sumit Ghosh notes, “The $GARI crypto token is developed on the Solana blockchain network. It will allow content creators on the Chingari app to create their own eCommerce area, which will include actual items, develop NFT projects, and help consumers fund their favourite artists. We chose SolRazr to launch our IDO token sale as the platform is also built on Solana, and we are confident that it is the best platform to ensure a fair process and complete transparency.”

The Chingari team hasn’t implemented a whitelisting process for the $GARI token sale, meaning the offering will follow the traditional first-come, first-serve basis. Starting today, users can connect their private wallets like Phantom Wallet and Sollet Wallet to purchase the tokens. However, note that KYC is mandatory to participate in the IDO, and users must pay a small amount of Solana (SOL) to cover the gas fee for the transactions.

The $GARI IDO on SolRazr has two different pools to choose from, one is the “Open Community Pool” with 30 million $GARI tokens, and the other is the “SolRazr Community Pool” with 10 million $GARI tokens. The minimum contribution is $100, and the maximum limit is $500,000. Additionally, the Chingari team is also offering different staking tiers and rewards.

On hosting the largest-ever IDO on any launchpad, Vijay Kalangi, Co-Founder of SolRazr, remarks, “We are excited to launch the $GARI token on SolRazr. This will be the biggest IDO on any launchpad in the crypto sphere. We made sure that the process to buy $GARI is smooth and frictionless. Users don’t have to apply for the whitelist to win the lottery. They can go straight to the IDO process.”

About Chingari

Chingari is a short video-sharing app aiming to put content creators at the center of the platform’s ecosystem and value proposition. Built to cater to Indian audiences, Chingari empowers users to create and share videos with incredible filters and games, shop for merchandise, send messages, and more. With more than 90 million downloads and 32 million active users, Chingari is one of India’s fastest-growing social media platforms and the most popular app of its kind.

About SolRazr

Solana’s first decentralized developer ecosystem, SolRazr, offers many features, including  Launchpad, Accelerator, and Developer Tools. This platform intends to serve as the “de facto” fundraising and development platform for all Solana blockchain-based software projects. The SolRazr team aims to help accelerate the development of the nascent decentralized finance (DeFi) ecosystem by providing a high-performance network with add-on features like tradable allocations, accelerator and incubator programs, and cross-chain pools.

Contacts

• Sumit Ghosh
• help@chingari.io

Vaduz, Lichtenstein, 14th December, 2021, Chainwire

Humans.ai, deep tech company developing an all-in-one platform for AI-based creation and governance at scale, is excited to announce that its native $HEART token is now listed on one of world’s top cryptocurrency exchanges, KuCoin, as of Monday, December 13th, achieving over 30 mln. volume on the first day of trading.

KuCoin is a major exchange in the crypto market, established since 2017 with more than 500 currencies included in its 750 trading pairs. KuCoin is used by more than 10 million registered users globally and is one of the largest social trading platforms.

“The listing of the $HEART token on KuCoin is an important part of Humans.ai’s roadmap, as it represents part of the efforts being made by the team behind the project to spread awareness about the Humans.ai ecosystem for AI-based creation and governance at scale.”, said Sabin Dima, Humans.ai’s CEO.

Humans.ai has recently closed its public token sale on Polkastarter in record time, raising $1,170,000 via the cross-chain token offering platform. The company launched the IDO (Initial Decentralized Offering) in partnership with Polkastarter, to help engage the community in the further development of the decentralised Humans.ai platform. The Humans.ai $HEART token sale went live on the 9th of December and was immediately oversubscribed, closing in less than 30 minutes. The  $1,170,000 raise has been the biggest pool on the Polkastarter platform so far. 

The Humans.ai team is building the next-generation blockchain platform that brings together an ecosystem of stakeholders around the use of AI to create at scale. It combines a library of AI tools into a creative studio suite where users will be able to pick and choose as they bring their ideas to life. With Humans.ai, users are empowered to create and own their digital likenesses, which may be used either by themselves, or by others, in the creation of any number of digital assets. The company’s synthetic media, AI apps, and other digital assets utilize blockchain technology to generate Non-Fungible Tokens (NFTs) as a way of creating transparency, provenance, accountability, and long-term governance.

Humans.ai has previously raised $9 million from over 60 world-class investors in their private sale round, ranging from business leaders, tech executives and blockchain experts to community leaders and top management from tier-1 companies. Lead investors in the Humans.ai startup have included Romanian entrepreneur Răzvan Munteanu, one of the most active investors in the blockchain space, and Elrond Research, the investment extension of Romanian blockchain company Elrond.

About Humans.ai

Humans.ai is the first framework for ethical AI and blockchain. It is creating an all-in-one platform for AI-based creation and governance at scale, beginning with an initial focus on synthetic media. Through its creative studio and token-based ownership and accountability system, Humans.ai is designed to ensure contributions are fairly rewarded and that every AI is kept honest over the long term. 

The native token of the Humans.ai ecosystem, the $HEART token, empowers users to participate in the governance of the platform and facilitates key flows of value within it. All fees charged within the Humans.ai platform will be paid in $HEART.

Website | Telegram | Medium | Twitter

About KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown to become one of the most popular crypto exchanges and already has 10 million registered users across 207 countries and regions around the world.

Contacts

• Mihaela Becheru
• mihaela@humans.a

Tel Aviv, Israel, 14th December, 2021,

AdaSwap, an ecosystem builder that will establish the first decentralized exchange on the Cardano network, is launching a token sale on Cardstarter to raise funds from supportive investors and drive sustainable growth of its platform.

AdaSwap is allocating 80 million ASW tokens priced at $0.005 each for the sale as it seeks to raise a total of $400,000. The allocation will be vested in one installment, with 50% released at TGE and 50% one month later.

The fund raise is intended to help AdaSwap deliver on its ambition of building the first DEX on Cardano, one of the most popular blockchain projects for decentralized application developers. Cardano’s native token ADA is currently 6th cryptocurrency by market cap, yet despite this it lacks a native DEX or DeFi ecosystem, meaning users must rely on centralized exchanges to buy, sell and swap the tokens.

AdaSwap will solve this by creating a native and gamified DEX for the Cardano network that will serve as a platform for users to easily swap Cardano-based tokens. In addition, AdaSwap will fashion a native NFT marketplace, and fixed, long-term, high-yield liquidity pools. With these applications, AdaSwap users will be able to stake tokens, buy and sell NFT artwork and earn high interest on their investments. In order to build a better financial system, AdaSwap will stop focusing on higher liquidity locks, and start focusing on what really matters: users

AdaSwap possesses a first-mover advantage on Cardano, enabling it to create a micro-ecosystem that will help the world develop and use the Cardano Blockchain.

The AdaSwap (ASW) token is the native cryptocurrency of the AdaSwap platform that will be used to power various functions within the Cardano ecosystem. ASW tokens are a Cardano-native token, making them easily interchangeable with all other Cardano-based tokens. ASW token holders will be able to swap tokens on the AdaSwap DEX, leverage arbitrage opportunities in real-time and save on transaction fees via a Free Financial Model where no participation or transaction fees are applied.

“In order for the potential of the Cardano ecosystem to be realized, concrete realities must be brought into alignment with the Cardano ethos. It is incumbent on all those who share this ethos to extend our support to the builders, creators, and projects working to lay down the infrastructure of decentralized finance on Cardano. I believe that ADAswap has an important role to play in this regard. The ecosystem is rapidly taking shape, and I am more confident than ever that the future of DeFi is bright, close at hand, and built on Cardano.” said Brandon Kazakoff, COO of Cardstarter.

ASW tokens have generated huge discussion on channels such as VoskCoin and Banter Capital, whipping up tremendous enthusiasm ahead of its launch on Cardstarter, a decentralized project accelerator that helps new projects launch IDO token sales on the Cardano blockchain.

With its goal of connecting early stage Cardano innovators to a community of donors, Cardstarter is an ideal launchpad for ASW. It allows investors to participate in low-risk opportunities to invest in projects built on the Cardano blockchain, backed by the Cardstarter insurance treasury.

“A launch pad is a very important starting point for the lifecycle of any project, it establishes the base for which strong beams must be built upon. At AdaSwap, we have chosen the best launchpad for the strongest of bases. We are really excited to be working with cardstarter inorder to bring AdaSwap to the world!,” said Itay Levy, CEO of AdaSwap.

To participate in the sale, users should head over to AdaSwap website for more details. To participate in IDOs on Cardstarter, investors must first stake CARDS then register for the Live IDOs they wish to participate in.

About AdaSwap

AdaSwap is an ecosystem builder aiming to create the first decentralized exchange on the Cardano network. The AdaSwap DEX will make it easy to swap cryptocurrency tokens, create, buy and sell NFTs, launch new projects and stake funds in liquidity pools to earn fees on the Cardano blockchain.

Contacts

COO

• Aaron Jacob Tait
• hello@adaswap.app

Mahé, Seychelles, 14th December, 2021, Chainwire

Highest publicly available rate on the market

BitMEX, one of the world’s leading crypto derivatives platforms, is launching another high-return BitMEX EARN product today following a strong response from its users and the crypto community which saw them become fully subscribed. 

BitMEX EARN is simply better than other earn programmes offered by competitors because:

1. The market-leading interest offered (current 14% APR is significantly higher than rival products) 
2. Its rates are fully backed by the BitMEX insurance fund, one of the largest in the industry in upwards of US$1.5 billion
3. No staking requirements are necessary to receive the headline rate, meaning every user is entitled to the same rate (unlike competing products, which only unlock top rates for top stakers)

Starting from today, users can subscribe to the below product with the available USDT balance in their BitMEX wallets, or through direct deposits to the BitMEX platform.

• EARN up to 14% APR: For the maximum USDT deposit, BitMEX users will be able to earn about USDT 3,000 by maturity. Multiple products will be offered, maturing after 30 days. Deposits are capped at USDT 250,000 per user.

Alexander Höptner, CEO of BitMEX, said: “Clever investors are no longer settling for low single digit interest-bearing products offered in traditional finance, and are instead turning to crypto firms like BitMEX to earn high interest on their Tether/USDT. At a time when inflation is damaging the purchasing power of fiat currencies, products like BitMEX EARN are serving an important role in a trader’s strategy. Our EARN product is the best on the market because what you see is what you get – no deceptively high rates only unlocked by staking, and fully backed by the BitMEX insurance fund.”

To subscribe or learn more, please visit the BitMEX EARN website.

***

About BitMEXBitMEX is the next-generation cryptocurrency trading platform, which supports leveraged trading via Perpetual and Futures Contracts. Our mission is to professionalise the trading of cryptocurrency derivatives. We offer a fast, safe, and liquid way to trade and hedge cryptocurrency risk. For more information, visit www.bitmex.com.

Contacts

• Taylor Bossung
• press@bitmex.com