Gari Network
GARI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Gari Network (GARI) is the SPL utility and governance token associated with the Chingari Web3 short-video platform on Solana. The project is in a state of severe stagnation across multiple fundamental pillars. Active development has largely stalled since mid-2023, with static code repositories and an outdated public roadmap. Community activity is dormant, with metrics showing minimal authentic engagement beyond early 2023. From a market perspective, GARI is in terminal micro-cap territory ($200K–$330K market cap) with negligible daily trading volume and liquidity depth. Tokenomics remain heavily insider-dominated (~40.5% allocated to insiders/treasury) without deflationary mechanics to offset past dilution. Security is also a notable concern given the lack of recognized third-party audits on CertiK or other major platforms, despite a formal (unrewarded) responsible disclosure policy. While the team remains public and no critical exploits, delistings, or regulatory actions were reported, the lack of active development and liquidity makes GARI an extremely high-risk asset.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Gari Network (GARI)
Gari Network (GARI) is an SPL utility and governance token issued on the Solana blockchain to support the creator economy of the Chingari Web3 short-video platform. Founded by a public team including CEO Sumit Ghosh, CTO Biswatma Nayak, and Co-Founder Aditya Kothari, the token was designed for in-app tipping, creator payouts, and staking within the Chingari Community Reserve to support share-weighted governance mechanisms.
The token features a fixed maximum supply of approximately 1 billion tokens, with insider and treasury allocations comprising roughly 40.5% of the supply. Over 90% of the total supply is in circulation following prior dilution, with no ongoing burn or deflationary mechanisms. In terms of security, the project maintains a formal responsible disclosure program, though it lacks recognized third-party audits from major auditing platforms such as CertiK.
Gari Network has experienced a severe market decline, dropping more than 90% from its post-launch price near $2 into micro-cap valuation with minimal daily trading liquidity. In addition to the prolonged price crash, the project exhibits a stalled operational posture, characterized by static code repositories, an unupdated roadmap since mid-2023, and dormant community activity.