Salman Khan Backed GARI Token is Now on Bitbns

Bitbns, one of India’s largest crypto exchanges, is now the first Indian exchange to have listed Chingari’s GARI token on 18th January 2022 on its platform. Bitbns has 400+ cryptocurrencies listed on their platform with crypto deposits and withdrawals available for all the listed coins/tokens. GARI has now joined this wide array of crypto assets, available for trading, buying, and selling.

Chingari is essentially a Creator Economy in Web 3.0 powered by blockchain which aims to make “dreams come true” by helping talented creators light their inner “talent ki Chingari”. It is India’s most popular Short Video App which facilitates a platform for short-form video creators, to monetize or incentivize their content on the blockchain via the GARI token.

Chingari is India's fastest-growing short-form video app with more than 40 Million+ users. When a creator creates content on Chingari, they are rewarded with GARI Tokens. With the raging “Make in India” concept intact, Chinagari is the first-ever truly Indian content creator-based platform to be felicitated with the “Atmanirbhar Bharat Award.” The community backing this platform is also known as the “Chingari Fam”, which has witnessed the appearance of stars from Kareena Kapoor to Johnny Lever.

GARI is a social token developed exclusively for the community of Chingari creators that provides them governance and authority regarding the platform’s developments in the upcoming future through a DAO and creates a circular economy.

The incentivization of content seeks to motivate creators to produce genuine content while keeping viewers engaged with transparent tipping features, exclusive content, and direct participation in the operations of the platform.

GARI is based on the Solana blockchain, backed by Solana Labs. ​It is capped at a total supply of 1 billion GARI tokens and has an unlock structure in place to support 200-300 Million in circulating supply at the end of its first year.

OKEx Integrates Fiat Gateway Bitbns for India-based Traders

By selecting Bitbns via OKEx's Buy/Sell tool, OKEx traders in India can now buy USDT, LINK, AAVE, MATIC and USDC with INR via bank transfer, IMPS and UPI.

First strategic partnership in India by OKEx

New Delhi, September 30, 2021: Global cryptocurrency exchange, OKEx, and Bitbns, India's leading crypto wallet and exchange platform join hands to elevate flexible trading capabilities for Indian crypto users across the region. OKEx & Bitbns have integrated using the matic-polygon ecosystem to provide free blockchain transfers to its users.

This partnership will give users access to trading tools/options which Indian crypto users have not been privy to previously. Users can now seamlessly purchase crypto in INR trading pairs including $USDT, $AAVE, $MATIC, etc., and can now access the range of trading facilities available across both exchanges. In conjunction with Bitbns, OKEx strives to give Indian traders access to a novel fiat gateway, a range of newer INR trading pairs, priority access to new coin/token launches, and high-yield staking products amongst the others.

Commenting on the development, Jay Hao, CEO, OKEx.com, said "We aim to make the crypto journey easy for all our users. Our team has worked hard to find such a solution for our users in India. Indian users can now easily use bank transfers to buy crypto on OKEx through our integration with Bitbns. As a byproduct of the integration, users can also access a range of diverse trading tools available on OKEx".

Prashant Singh, CTO, Bitbns said "We are working on creating seamless on-ramps for Indian users so they can trade different trading options on renowned venues like OKEx. We have innovated a lot so that blockchain transfers are free for users by integrating the matic-polygon ecosystem".

OKEx is the world's leading BTC future derivatives and crypto exchange with reach and users panning across the globe. With its recent sprint of operation in SA and India, OKEx aims to empower the crypto community with next-gen crypto trading tools, security, and technology. Testimony to its vision, OKEx houses billions in trading volumes daily creating avid ground for high liquidity and robust server infrastructures. Bitbns's deep vested roots in the Indian crypto market with 3 million+ users across the nation is testament to its high liquidity and platform security.

Peering forward, OKEx intends to add a layer of simplicity and transparency by partnering with a highly localized and trusted platform, like Bitbns. OKEx aims to serve users with the best-in-class blockchain and crypto technology by joining hands with the renowned Bitbns platform. This is indeed a leap forth to strengthen domestic crypto accessibility and enhance the trading experience for 100 million+ users, across both platforms collectively.

About OKEx

Founded in 2017, OKEx is one of the world's leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions, and trading tools on the market. Trusted by more than 20 million users across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally.

In addition to the exchange, it serves its users with OKEx Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry. With its extensive range of crypto products and services, its unwavering commitment to innovation, and its local operations to serve its users better, OKEx strives to eliminate financial barriers and realize a world of financial inclusion for all. For more information, visit www.okex.com

Sylo partners with Bitbns to serve the Indian market

Global software development house Sylo has officially partnered with premiere Indian exchange, Bitbns, to better serve the Indian market’s growing demand for legitimate crypto-projects.

A unique place where the old and new worlds collide, it’s clearer every day to those watching the market that #IndiaWantsCrypto

Bitbns, a bona fide cryptocurrency exchange and one of India’s first, represents a significant partnership for Sylo that is positioned to help extend key functionalities into the experience of Sylo Smart Wallet users. 

The Sylo-Bitbns alliance is one that makes sense across business and product levels - with both partners sharing the belief that “digital currencies are the future of money” and are an area to which users need straightforward access.

Through their partnership, Sylo and Bitbns aim to take cryptocurrency usage to the mainstream in India.

Often deemed complex, Sylo solves one of the biggest hurdles to the normalisation of cryptocurrency through the Sylo Smart Wallet, a highly-usable app designed from conception to “make crypto simple".

From left Sylo Co-Founder & Business Director Dorian Johannink and Sylo Co-Founder & Product Director Ben Jordan

The move for a more dedicated expansion into India will not come as a surprise to anyone keeping an eye on the Sylo success story. Recently, the tech firm revealed that in Q2 2020, they had already seen a 500% growth in sign ups to the Sylo Smart Wallet app from India, with Indian users now making up 30% of the app’s more than 250,000 strong overall user-base.

"India's new-found enthusiasm for digital assets and privacy after the restriction of certain privacy-hogging apps like WeChat and TikTok, has presented a significant opportunity to offer India a ‘WeChat’ of sorts that incorporates all the best elements of new generation communications tech, without the privacy concerns, and with the added benefits of crypto assets,” says Bitbns CEO Gaurav Dahake.

“This is an area where the Sylo Smart Wallet, being developed on decentralised infrastructure, is primed to address, and a key reason we’re excited about this partnership opportunity."

Sylo also offers a solution for the unbanked of India. In terms of barriers to get started on Sylo, there are very few - neither a sign up cost nor the mandatory provision of an email address or phone number is required in order to create a Sylo Smart Wallet account.

The result of this forward-thinking is the ability to instantly provide millions of people with access to de-fi services. Using the Sylo Smart Wallet, users can request and receive payments in chat, store and interact with digital assets such as Bitcoin or any ERC-20 compatible token, such as Ether or BAT, in the non-custodial wallet.

“We realised a long time ago that in order to see widespread adoption, we needed to make interacting with crypto as simple as any other activity you might do on a smartphone,” says Dorian Johannink, Sylo Co-Founder and Business Director. “That’s why sending and receiving cryptocurrency in the Sylo Smart Wallet is as straightforward as sending a message."

“Our design team have worked hard to create an app that is clean, fast, intuitive, and astonishingly simple to use. The Sylo Smart Wallet user statistics speak for themselves, the app has been available for just ten months and already has over a quarter of a million users. We’re confident that Sylo can meet India’s desire to get in the crypto game."

Other features of the app include the ability to send messages, make audio and video calls, utilise a Web3 Ethereum dApp browser to spend crypto, and to pay using cryptocurrency in the real world at relevant vending machines.

The Sylo-Bitbns partnership will also see the SYLO token, an ERC20-compatible utility token that fuels the Sylo Network, listed on the Bitbns platform as of July 23, 2020.