What's up with $GARI?

Below is an excerpt from my more in depth review of the price action on Banter's Charting BBS

Fundamentals / Bullish indicators / My takes

The launch in the US markets has the power to be a great catalyst for the Chingari network.
Beyond the network effects of expanding, of onboarding more users. The US markets opens up the price action to a financial population that is a little bit more significant.

I don't know if this was intentional or not; launching in the developing world before onboarding the developed countries. But there is something to be appreciated in the Robinhood-like design especially with the notion of "ponzinomics" floating around like a heavy cloud over these web3 / defi-tokenomics.

I do not think that "ponzinomics" can be applied to this ecosystem's tokens, beyond the natural fundamental law of buying early, when prices are low. Simply, due to its capped supply further bolstered by its created dual usecase as a reward token and an earning potential by engineering a defi ecosystem for its tokens. 

The ingenuity of this reward mechanism / defi infrastructure usecases is that it disincentivizes selling amongst the astute users. 

If it is a fixed supply. What happens to the network once all the tokens have been minted?
Looking at the Chingari networks operation, before the release of the $GARI token, they rewarded their users in ƒiat.

Looking at Tiktok/Youtube/all social media platforms. Why do they exist? What are the incentives that motivate people to curate their own brands.

Beyond juvenile bragging rights, are there revenue streams opened that drive people to become influencers.

Consider the value of a given platform? The product endorsements, pinpoint accuracy to potential advertisers for a particular subset of a population. 

The $GARI token's use case of enabling you to back / delegate your tokens with a given content creator to share in their platform's profits.

$GARIs defi play is  basically the tokenisation of an influencers platform.

Just sharing my insights with the fam (DYOR),

Banter On, Banter Strong!