Huobi Global, one of the world’s leading digital asset exchanges, today announced its eleventh Primelist event, offering its users exclusive access to SocialFi project Gari Network and its token GARI upon its official listing. Gari Network rewards users for creating content on its social media platforms. Participants on the Primelist can either line up to receive numbered tickets, or they may hold Huobi Tokens over three days in order to be eligible for an allocation from GARI.

Gari Network will make use of the listing to finance further growth, as well to provide sufficient capital for content creators. The company is built upon the concept of SocialFi – a fusion of social media, web3.0 and finance that incentivizes users with rewards by tokenizing their social influence. Traditional social media platforms tend to be the dominant platform for content creation making it hard to support emerging content creators.

Gari Network developed a Chingari video-sharing app that allows users to make and share short videos. They are also given GARI tokens in return for their efforts. Chingari is now India’s fastest growing video app, with more than 85 million users. With transparent tipping and decentralized governance, it allows users to participate in the management of the platform.

The eleventh Primelist event reflects Huobi’s efforts to support projects that can disrupt industries. If users queue up for Huobi Tokens or wait for their numbered tickets, they will be eligible to get a GARI offer at the initial price. This is if the user holds Huobi Tokens and has held them for at least three days. GARI tokens will also be available for purchase on Huobi Global from any user who is not a Primelist participant.

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