KuCoin and Chingari aim to tackle India’s cryptocurrency market through a new high-profile $GARI token giveaway. Participants aim for the title of Chingari Star by completing a few simple steps. Thousands of winners will earn monetary rewards, putting a strong spotlight on Chingari and KuCoin.
Becoming A Chingari Star
The new competition by KuCoin and the Chingari platform aims to issue monetary rewards to content creators across India. A big prize pool will be awarded to participants, as all winners are selected based on votes by the public. Users need to upload five different videos throughout the Chingari Star competition and collect as many votes to qualify for various prizes. The total prize pool is valued at 2 crores, powered by the $GARI token.
The Chingari Star contest runs from February 15 until March 15, 2022. All results will be announced on March 18. Moreover, the involvement of KuCoin in this giveaway positions the cryptocurrency exchange as a strong contender in India. The country has tremendous potential to boost mainstream adoption of cryptocurrencies and blockchain technology through its growing smartphone community.
KuCoin CEO Johnny Lyu adds:
“As the accelerator and participant of the crypto industry, KuCoin is excited to join forces with Chingari to launch this contest, which will help more users become aware of, understand and get into the crypto world. This will also accelerate the mass adoption of blockchain.”
To participate in the Chingari Star competition, users must complete their in-app profile and begin uploading videos over the next month. Users trying to game the system by using fake accounts, bots, spamming, or other form of manipulation will be removed from the program.
Another Big Push By KuCoin
Co-organizing an event like Chingari Star in India confirms the role of KuCoin in the cryptocurrency space. The popular trading platform continues to build momentum globally but has identified India as a key region for the foreseeable future. Despite some regulatory back-and-forth in the country, cryptocurrencies seemingly remain popular in India, and KuCoin aims to drive adoption higher.
Although Chingari will not pay out the prize money in cryptocurrencies – deposits are made to bank accounts – it remains a crucial development. KuCoin noted substantial trading volume and user growth in 2021, and co-organizing this campaign will put the exchange at the forefront of attention in India.
It remains a crucial region for any finance-related activities. Moreover, being named in the same breath as Chingari is a big marketing boon for the trading platform. As a title and exclusive sponsor, the company will receive tremendous attention during the event.
KuCoin, launched in September 2017, provides Spot trading, Margin trading, P2P fiat trading, Futures trading, staking, mining, and lending to over 10 million users across 207 countries. Dubbed “The People’s Exchange”, KuCoin has over 600 tradeable assets and 1,000 trading pairs.
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