CARV, a decentralized identity and data protocol aimed at gaming and AI use cases, announced the successful launch of its native cryptocurrency, the CARV token.
Following funding rounds and strategic partnerships, the token is now accessible on eight leading centralized exchanges (CEXes), including KuCoin, Bitget, and Bybit.
CARV Token Launches Across Major CEXes
CARV has achieved wide distribution following its token generation event (TGE), with the token listed on a range of tier-1 platforms. These exchanges include Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey Global, and MEXC. The CARV token was minted on Base, a Layer-2 network powered by zkEVM technology, a solution backed by Coinbase.
It's CARVing time!$CARV is officially tradable on these EIGHT exchanges:Bybit: https://t.co/w6IDA0OMrqKuCoin:https://t.co/RLkVoWLOVsBitget: https://t.co/j9rc6kJxOtHTX: https://t.co/yfirCrw8Q6BingX:https://t.co/kfPBNaUUUrGate:https://t.co/4rMVz2hMpFHashKey:… pic.twitter.com/u8gzowF3wd
— CARV (@carv_official) October 10, 2024
This launch is expected to catalyze the further expansion of CARV’s ecosystem and its role in the decentralized gaming and AI markets.
Utility in Governance and Data Monetization
The CARV token is a critical component of the CARV ecosystem, which includes the CARV Protocol, CARV Play, and CARV Labs. Its utility is designed around governance, allowing holders to engage in decision-making processes that will shape the protocol’s future.
This includes proposing new features, voting on key issues, and participating in the CARV network’s overall development. Furthermore, the token opens up opportunities for data monetization, providing users with a platform to generate revenue streams from the data they control.
CARV has allocated 40 million tokens for network decentralization efforts, including acquiring CARV nodes to facilitate decentralization. The company’s COO, Victor Yu, emphasized the token’s role in their community management strategy, aiming to give gamers and AI developers control over their data.
Gaming, AI, and Web2 Integration
Integration into the gaming sector is one of the greatest features of CARV. Infinite Play, CARV’s play-to-earn platform, has executed three play-to-earn seasons up to now, which are showing high-yield staking opportunities.
That is why the platform is planning to add CARV as a key currency to this ecosystem, so that gamers will not only be interested in staking and earning rewards but will also be drawn into this whole ecosystem.
Moreover, we position CARV as an AI development and Web2 company tool. The token can then start to become important to data-driven industries, increasing demand for it while allowing businesses to access valuable data controlled by users.
Future Roadmap and Mainnet Launch
The total token supply of CARV will be one billion, and it will be distributed over the next four years. Half of this supply, including the airdrops, will be kept for community projects.
CARV is planning to launch its mainnet before the end of 2024 and take other major steps to increase its presence in the decentralized ecosystem.
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