CARV has taken an enormous step forward by launching its native utility token, $CARV, built on the Base, an Ethereum Layer 2 network.
$CARV token is available on eight significant CEXs, including Bybit, KuCoin, and Bitget. A part of CARV’s purpose is to help gamers and AI developers have more control over their data.
The $CARV Token
The $CARV token is the key to unlocking everything in CARV’s ecosystem. With $CARV, you can access CARV Protocol, CARV Play, and CARV Labs. It is like a bond that keeps everything connected, allowing users to join in on decisions, suggest new features, and even own CARV nodes. They’ve put aside 40 million $CARV tokens to spread the network even more, giving users a chance to make money while helping to protect the platform.
It’s CARVing time!$CARV is officially tradable on these EIGHT exchanges:
CARV’s Chief Operating Officer, Victor Yu, expressed excitement about the event. ‘Our TGE is our landmark in CARV as we continue to allow gamers and AI developers to take ownership of their data. With $CARV, we are further progressing toward establishing a fair data economy.
What Can You Do with $CARV?
For gamers, $CARV is a big deal. Following three successful experimental seasons, CARV’s play-to-earn economy, Infinite Play, now integrates $CARV. Gamers can stake $CARV tokens with high APR, which means better rewards for playing. Meanwhile, with more developments in AI, Web2 firms might need $CARV to gain access to relevant user-controlled data, thus increasing the demand even further.
It’s not only the gaming aspect; $CARV owners are stakeholders in the platform’s expansion. They can propose new additions to change CARV to a user-initiated project. You can secure your $CARV tokens via veCARV (CARV’s voting setup on Arbitrum). You can also boost your voting power by pushing for extended staking.
$CARV’s total supply is 1 billion tokens, but don’t worry; they won’t all hit the market at once. They intend to use up the entire stock within four years, sharing 50% with the community. This is its token allocation:
50% to the community and nodes.
19.46% to the founding team and advisors.
9.25% to early investors.
9% to the ecosystem and treasury.
8.30% to private fundraising.
4% to liquidity.
It has also secured $10 million in Series A funding, sold $35 million in its verifier nodes, and begun a $50 million accelerator. In the first three quarters of 2024, they generated more than $43 million in revenue. CARV mainnet is live. The team is also involved in integrating decentralized sequencers, amplifying privacy with Merkle trees, and making on-chain database solutions to integrate identity with speed.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 