How to participate
In order to be eligible to participate in upcoming IDOs on SolRazr, users have to meet requirement based on Allocation Tier Structure.
Lottery tiers let users to get allocation based on lottery.
- Seed — requires a minimum of 500 SOLR to be staked, gets access to 14% of the total allocation
- Sapling — requires a minimum of 2500 SOLR to be staked, gets access to 21% of the total allocation
- Tree — requires a minimum of 12500 SOLR to be staked, gets access to 29% of the total allocation
Mighty Oak — requires a minimum of 50000 SOLR to be staked, gets access to 36% of the total allocation
Requires a minimum of 100 SOLR to be staked and gets access to a minimum of 25% of the allocation left over from the other tiers.
For Chingari IDO there will be SolRazr Community Pool and Open Community Pool with details below:
SolRazr Community Pool Size: $4M (Requires $SOLR to be staked)
- Number of tokens: 10M
- Token Price: $0.4
- Vesting terms:50% unlocked at TGE and 50% unlocked after 12 months
- IDO opens: Dec 15, 2 PM UTC
- IDO closes: Dec 16, 2 PM UTC
- This is only open for those who have staked $SOLR.
Open Community Pool Size: $12M
- Number of Tokens: 30M
- Token Price: $0.4
- Vesting terms: 33.3% unlocked at TGE and 66.7% unlocked after 12 months
- IDO opens: Dec 16, 2 PM UTC
- IDO closes: Dec 18, 2 PM UTC
Chingari is India’s fastest growing short form video app with millions of Daily Users. The app lets users create and share short form videos with the world. Everytime you create a video on Chingari, you get rewarded with Gari Tokens.
The platform has planned to partner with leading D2C E-Commerce Brands, to integrate Gari Tokens with the existing shoppable video feature on Chingari. Every video that gets uploaded to Chingari is parsed frame by frame and all detected objects are then matched with a live catalog of products and each video becomes shopping enabled in real-time by the time it hits your feed. All these social video commerce transactions will be done using Gari Tokens in the future.
Own & Govern
GARI is a social token for the community of Chingari creators that will give them governance authority over the future platform developments through a DAO and create a circular economy. Being distributed to the contributors for the platform value they created, GARI on the other hand benefits from the value of network itself.