CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
CARV Launches $CARV Token: Redefining Gaming and AI Data
Market Musing-g

CARV Launches $CARV Token: Redefining Gaming and AI Data

Altcoin Buzz
By Altcoin Buzz
Created 3 months ago, last updated 3 months ago
4 mins read

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.
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 Tokenomics

$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.
What’s Next for CARV?
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.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

1 like
|

Other articles published on Oct 11, 2024

Market Musing-g

Join the Top 1% of Web3: VAP Group Presents Global Blockchain Show in Dubai

Dubai, October 11, 2024: The Global Blockchain Show is pleased to announce its second edition, taking place on December 12 and 13, 2024 at the Grand Hyatt Exhibition Centre, Dubai. Organized by web...
By ItsBitcoinWorld
3 months ago
4 mins read
Market Musing-g

Ryan Salame claims US unfairly targeted him over Republican donations

Former FTX co-CEO Ryan Salame claims the US government unfairly targeted him over Republican donations, contrasting his prosecution with that of FTX’s Sam Bankman-Fried.
By Cointelegraph
3 months ago
4 mins read
Market Musing-g

4 Tokens Under $3 That Could Outperform Kaspa (KAS) 4,800% Surge

In a dynamic and unpredictable market, identifying breakout tokens is key. This article examines four affordable coins with strong potential. These cryptos, priced under $3, might just rival Kaspa’...
By Crypto News Land
3 months ago
5 mins read
Market Musing-g

Trump-backed World Liberty Financial to start public sale on Oct 15th

The Trump-backed DeFi platform World Liberty Financial will launch the presale of its WLFI token on October 15. The project aims for raising $300M with a $1.5B valuation by selling 20% of the token...
By Cryptopolitan_News
3 months ago
4 mins read
Market Musing-g

Crucial New Ethereum Update? Vitalik Buterin Weighs In

Ethereum needs another update?
By U_Today
3 months ago
2 mins read
Market Musing-g

Bitcoin Surge Boosts Altcoin Prospects

The price of Bitcoin has rebounded to $63,000, marking a steady increase at the end of the trading week, while Shiba Coin (SHIB) experienced an 8% rise. This upward trend follows a swift recovery f...
By BH NEWS
3 months ago
2 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!