Santa Clara, CA, October tenth, 2024, Chainwire
CARV, the biggest modular id and information layer for gaming and AI, as we speak declares the launch of its native utility token, $CARV. Constructed on Base and out there now on 8 centralized exchanges together with Bybit, Kucoin, and Bitget, the token marks a big milestone in CARV’s mission to revolutionize information possession.
Because the governance and participation cornerstone of CARV’s ecosystem—spanning CARV Protocol, CARV Play, and CARV Labs—$CARV empowers holders to actively form the protocol’s future, share in its success, and actually personal, management, and monetize their information.
Holders can’t solely interact in decision-making and suggest new options but additionally purchase CARV nodes with 40M tokens allotted to additional decentralize the community and generate new income streams. Moreover, CARV additionally gives a buyback program for the node holders to foster true decentralization. On the power of CARV’s confirmed income mannequin and high-yield staking alternatives, $CARV presents a compelling case for merchants.
“Our TGE is a pivotal moment for CARV as we continue to empower gamers and AI developers to truly control their data,” stated Victor Yu, COO of CARV. “With the $CARV token, we are taking another step towards building a fair and transparent data-driven ecosystem.”
The token’s utility extends to tens of millions of players via Infinite Play, CARV’s play-to-earn economic system, which now incorporates $CARV after three profitable experimental seasons and demonstrated excessive APR staking. Moreover, as CARV advances in AI, web2 firms will use $CARV to entry priceless, user-controlled information, creating additional demand.
“This is just the beginning—our roadmap includes upcoming airdrops, growing gaming partnerships, and innovative experiences driven by community governance. Of course, none of this is possible without our community, and this is reflected in our tokenomics,” Yu stated.
$CARV will launch with a complete provide of 1 billion totally launched over 4 years. Half of the whole provide is reserved for the group, together with 10% allotted throughout three seasons of airdrops. The token allocation is as follows (with full particulars about token utilities out there right here):
- Nodes and Neighborhood (50.00%)
- Founding Workforce and Advisors (~19.46%)
- Early Buyers (~9.25%)
- Ecosystem and Treasury (9.00%)
- Non-public Fundraising (8.30%)
- Liquidity (4.00%)
For customers to have their say, CARV additionally introduces veCARV on Arbitrum, a locked “voting escrowed” model of $CARV that enhances voting energy, encouraging long-term staking and community-driven improvement.
$CARV is obtainable as we speak on the next 8 exchanges: Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey International, and MEXC. Extra exchanges are to return.
That is proving a pivotal yr for the challenge. Along with securing $10M in Collection A funding, propelling protocol decentralization with a $35M verifier node sale, and launching a $50M accelerator, CARV has demonstrated exceptional income technology, a rarity within the web3 house. Within the first three quarters of 2024, CARV reported over $43M in complete income. In the present day’s token launch marks a brand new chapter in information empowerment backed by a monitor report of monetary success and technological innovation.
And CARV isn’t performed but for 2024. The crew stays busy specializing in its upcoming mainnet launch and different key initiatives earlier than the tip of the yr. These embrace extending its id and information layer with decentralized sequencers and information verification, enhancing the ERC-7231 commonplace by incorporating Merkle timber to enhance information processing and privateness, and providing an on-chain database resolution for fast id integration with CARV ID.
For extra, see Messari’s newest report into CARV or keep up thus far on the weblog or Twitter (X).
About CARV
CARV is constructing the biggest modular Identification and Knowledge Layer (IDL) for gaming, AI, and past, integrating over 900 video games and AI firms, representing greater than 30% of all Web3 video games, and serving 9.5M+ registered gamers with 1.3M+ each day lively customers and a pair of.8M distinctive on-chain CARV ID holders. Rating among the many prime three globally with 2.1M+ common each day distinctive lively wallets throughout 40+ chains, CARV has raised $50M in complete funding from top-tier buyers like Tribe Capital, Temasek Vertex, HashKey Capital, Animoca Manufacturers, and ConsenSys, together with main gaming studios and ecosystems resembling MARBLEX (Netmarble) and the Sandbox. The crew includes business veterans from Coinbase, Binance, Google, and Digital Arts, all devoted to revolutionizing information utilization in gaming, AI, and past.
Contact
COO
Victor Y.
[email protected]