| New buy alert Say Hello to Our Next Potential 10X Winner The secret to the breakaway success of Ultimate Crypto is selectivity. That is, we don’t just buy cryptos. We buy the highest-quality cryptos with the most asymmetric risk-reward profiles – tokens that have a realistic potential to rise hundreds, if not thousands, of percent. This selectivity of shunning “average” opportunities and only capitalizing on tremendous opportunities is why we haven’t recommended any new altcoins over the past few months. Put simply, the market has been too volatile, and we didn’t see that volatility ending. So, instead of rushing to buy falling knives, we’ve stayed on the sidelines. We’ve waited… and waited… and waited for another tremendous opportunity to emerge – an opportunity so compelling, that it was worth buying amid the current volatility. Well, finally, one such tremendous opportunity has emerged. And today, we are issuing a brand-new buy on one of the most compelling yet completely unheard of tokens in the market: Gari Network (GARI). Meet the TikTok of India Gari Network is a blockchain project developing the Chingari app, which – for all intents and purposes – is the “TikTok of India” that is built on the blockchain and which allows content creators to earn money through GARI tokens. The app functions like any other video-centric social media app. Users download it via an app store. Once downloaded, the app functions very much like an Instagram, Snap, or TikTok. Users have a home feed of interesting and funny videos, which they can scroll through and interact with via likes, comments, and even shoppable content. Those videos are mostly user-generated videos, and are often short dance or commentary clips like what you would see on TikTok. 
In that sense, Chingari’s content and user interface makes it look just like a TikTok clone. However, the novelty of the Chingari app is that it is built on the blockchain, and therefore, content creators share in the financial success of the project. Specifically, every interaction on the app is tracked – including likes, comments, and views – and rewarded via GARI tokens. The more likes, comments, or views a video receives on the Chingari app, the more GARI tokens that creator receives. Therefore, unlike the economics of TikTok or Instagram where content creators have to monetize their content via outside partnerships and endorsements, Chingari content creators can monetize their content directly via the app. This is a paradigm shift in the traditional social media economic model, and represents a new wave of decentralized social media wherein users – not big tech companies – earn directly from their own content. Chingari was developed by three Indian tech entrepreneurs, and it launched in the Google Play Store in November 2018. The app experienced slow growth over its first two years, but underwent a significant rebrand and redesign in June 2020 – around the same time that TikTok was banned in India (more on this in a moment). Since then, the app has experienced parabolic growth. Today, Chingari has over 35 million monthly active users, with soaring install volumes. Venture capitalists have taken notice, and Chingari just closed a $15-million funding round led by Republic Capital. Per our calculations, the Gari Network has a market cap of about $100 million. Why We Love Gari Network We love the Gari Network and the Chingari app for a few reasons. First, the Indian social media market has huge potential. There are about 1.4 billion people in India, about 55% of whom (755 million) are on the internet. For context, the U.S. has just 300 million internet users. Therefore, India’s internet market – and, by extension, its social media market – has more than double the number of users of the U.S. internet market. If India’s internet penetration were to rise toward a more-normal level of 80%, then you’re talking 1.1 billion internet users – or almost 4X the size of the U.S. market. No matter which way you slice it, India’s social media market has enormous upside potential. Second, there exists a huge opportunity for a local app to emerge and dominate the India social media market. The current social media market in India is led by Instagram and Snap – two U.S. apps designed by U.S. engineers. However, there are some large cultural differences between the U.S. and India. We do not believe Instagram and Snap fully embrace those cultural differences. A locally designed app like Chingari, however, does embrace those cultural differences. It was built by Indian engineers, for Indian consumers, with the Indian culture at its heart. That’s why we believe Chingari will be very loved by its core users in India. Third, there also exists a huge opportunity in India for an app to replace TikTok. TikTok was a very popular social media app in India. After just a few years of being in the country, it amassed nearly 170 million monthly active users. However, due to geopolitical tensions between India and China, India blocked the TikTok app during the summer of 2020. Ever since then, there has been a gaping hole in the Indian social media landscape to replace TikTok. Chingari does just that. Fourth, Chingari’s usage and download stats are stellar. This is not just an app with big dreams. It’s an app with big usage, too. Chingari has already amassed 35 million monthly active users, the bulk of whom joined the app over the past seven months after TikTok’s ban in India. More than that, Chingari’s install and usage stats are trending very strongly in the right direction. 
Clearly, this is an app that folks in India are flocking to right now. Indeed, it’s already the second most downloaded social media app in India, behind only Instagram. That means that Chingari is currently ahead of even Facebook in terms of app store ranking in India. Talk about huge growth… 
How High Could GARI Token Go? The thing we like most about the Gari Network is the huge upside potential of the GARI token. Chingari currently has 35 million monthly active users. TikTok – before it got banned in India – had 167 million monthly active users, and was rapidly growing. Therefore, if Chingari successfully replaces TikTok in India and sustains a similar growth trajectory, this app could easily be looking at 200 million monthly active users within the next few years. Facebook has 2.9 billion monthly active users. The company’s market cap is about $800 billion. That attributes a monetary value of about $275 per monthly user. That’s insanely high for this industry. Pinterest, for example, is valued at around $40 per monthly user. Conservatively, let’s say Chingari can nab a valuation of $10 per user. On 200 million users, that imputes a valuation of $2 billion – which is up about 10X from current levels. On $40 per user – equivalent to Pinterest, which seems fair – you’re talking 40X upside potential… Let’s Talk Risks Of course, no crypto investment is without risks, and the Gari Network is no different. Like TikTok, Chingari is subject to the regulatory environment in India. We firmly believe that TikTok was banned in India on the basis of poor geopolitical relations between India and China, and that such a ban is unlikely to be placed on Chingari. However, the Indian government is not terribly friendly towards blockchain projects, and may not like the content being created through Chingari – seeing as it is TikTok-style content. Therefore, the risk of a ban here is small but real. We’ve also read reviews online that Chingari is handing out tokens like crazy – which may be inflating near-term growth metrics – and that views on the platform may also be inflated. Such “growth hack” tactics aren’t sustainable, and could spell trouble for the platform at scale. However, many other social media platforms employed similar growth hacks at early stages, and those growth hacks were phased out once the platform reached scale. We aren’t too concerned on this point. There is also the prevailing risk of broader crypto market volatility, which we expect to persist in the face of current headwinds induced by the Federal Reserve and interest rates. All in all, Chingari is not without risks – but the risks are not large, while the reward potential is enormous. Action to Take Buy GARI token up to $0.75. It is available to buy on KuCoin. This is a special project with compelling upside potential, and the best part about it is that no one has heard of this token yet. Once the world hears about it, we suspect GARI token could go on a monster rally. The metrics here are just too good, and the valuation upside is just too promising. Let’s get in before that monster rally. Sincerely, | 
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