Chingari, the leading web3 social app, announced a new content monetisation plan for its creators and users.
Under the aegis of this new initiative, Chingari offers three subscription plans on a Weekly, Monthly and Quarterly basis for Rs. 150, Rs. 450 and Rs. 1350 respectively which are offered at a discounted prices and will change with various factors such as number of miners, variable pool addition, price of GARI, demand and supply, etc,.
The three subscription plans are primarily designed to onboard new or existing Chingari app users so that they are involved in the GARI creator economy, and are eligible to earn daily token incentives and withdraw 100% of the rewards.
GARI Mining Program, Booster Badges, Network Score, and several other product service offerings remain unchanged. Subscriptions are not only for current Chingari app users without a booster badge but also for new users who will be joining the network. Also users who have either of creator or user booster badge can subscribe to get multiplier for their other activities.
It is to be noted that currently, withdrawals are enabled in Indian Rupees. For users transacting in USD, the withdrawals will be enabled in near future. Nevertheless, if you want to withdraw GARI Tokens, you are free to withdraw anytime. Good things take time eh?
Ok! Alright! Just fine! But what are the benefits of buying a subscription plan?
Subscriptions are limited validity offerings which allow you to enjoy the benefits of a 2x booster badge. They multiply your earnings 2x and give you 100% withdrawals for the active subscription period, enabling you to earn more.
It is important to note that Chingari’s Gari mining programme rewards users for actions taken within the app, such as uploading, watching, liking, commenting, and sharing videos.
These rewards may then be traded for and withdrawn to the user’s wallet. But with its new subscription options, creators and users can withdraw the money right into their bank accounts, making the whole process frictionless and easy.
Sumit Ghosh, CEO & Co-Founder, Chingari, “Content monetisation still remains a serious challenge for millions of the creators and this new subscription plan is a giant leap forward for offering an accessible solution to them to monetize content. This is another step towards the democratization of the creator economy where micro and nano-influencers can monetise their content at a minimal cost. Moreover, the users who all the major platforms have completely ignored are also getting rewarded in real cash for using the Chingari app. We are proud that Chingari is the only app in the world to empower its creators and users at this massive scale.”
This is not all! We promised to give more to the community and continuing on this path, we have decided to buy more Gari tokens from the revenue generated out of the sales of the subscriptions and offer it to the community for mining.
Remember! This will be over and above the daily mining pool of 50,000 Gari tokens which the community is already earning at the moment and will produce a circular creator economy and result in more earnings for the Chingari users! Let’s break down how it will be done!
Whatever the money we have collected from subscriptions after reduction of payment gateway fee, will be first used to replenish community reserve with 50,000 GARI Tokens and any tokens beyond these 50,000 GARI Tokens will be distributed back to the community through variable pool.
Lets see an example of how this works
Scenario 1:
Net amount realised for today from subscriptions is Rs.12000. Of which 30% will be cost for play store gateway which amounts to Rs.3,600
Now remaining amount of Rs.8,400 will be used to buy tokens at market price. Lets assume GARI price @ Rs.3, we will buy 2800 GARI and add all these tokens to Community Reserve.
Scenario 2:
Net amount realised for today from subscriptions is Rs.270,000. Of which 30% will be cost for play store gateway which amounts to Rs.81,000
Now remaining amount of Rs.189,000 will be used to buy tokens at market price. Let’s assume GARI price @ Rs3, we will buy 63,000 GARI from market.
Of which 50,000 will be used to replenish the Community reserve and remaining 13,000 GARI will be added to the Variable Mining Pool.
Now effective pool will be 50000 GARI (fixed pool) + 13000 GARI (variable pool) = 63000 GARI
Now, Chingari users can earn GARI with ever growing Mining pool which consists of daily fixed pool of 50000 GARI and additional variable pool added from subscriptions which has no minimum or maximum limit and entirely dependent on subscriptions.
GARI Mining Pool = Fixed Pool + Variable Pool
This Sounds super awesome! Show me how to buy a subscription!
After activating your wallet and mining, click on the subscribe button to view subscription plans.
Select your desired subscription plan and click on “Buy Now”.
You will be redirected to complete the purchase using your bank account / UPI. That’s it, start earning!
Wait a Minute! Gari mining is already offering similar rewards through booster badges. Why should I buy a subscription?
You are absolutely correct! Gari mining was devised for long-term Chingari users and creators who wanted to use our platform for content monetisation for eternity. We have seen creators not only monetising their content but also multiplying their earnings in multiples of up to 10x.
Since we wanted to make the mining more accessible and we have introduced ‘subscriptions’ which will benefit the short-term users who want to engage with the Chingari app and monetise their content for as low as Rs. 15 per day(net).
Visit blog on FAQs related to Chingari Subscriptions
Useful resources you may want to refer to
- Multiply your daily GARI earnings with GARI Badges
- The Gateway to earning GARI tokens
- 5 Steps to Earn GARI Tokens Risk-Free WITHOUT Investing Your Money
- A Deep Dive into GARI and its Tokenomics
- FAQs
Download the Chingari app now to start contributing and earning GARI tokens.
💬 Join 170M+ combined creator economy👇
You’ll find all the official links within this link
