xHaven, a leading digital collectibles marketplace on Flare, announces the launch of its native governance token, XVN, on the decentralized exchange Sparkdex. This move marks a significant milestone for the company as it expands from a marketplace into a broader Web3 ecosystem, providing enhanced services and user experience on its platform.
XVN tokenholders can expect several benefits such as:
* Exclusive Discounts on Trading Fees * Platform Rewards for every transaction * Marketplace Rewards with voting power distribution * Incentives for liquidity provision in Automated Market Makers (AMMs) * Simple Staking Rewards for long-term holding * Governance Participation in future platform developments
xHaven has partnered with Ichi and Sparkdex to ensure a robust, sustainable ecosystem:
* Ichi provides xHaven with single-token deposit vaults simplifying liquidity provision similar to staking.
The vaults deposit single-tokens into ICHI Vaults via Sparkdex eliminating the need for tokens in a liquidity pool. This enhances price stability, yield opportunities and supports growth. * Using Sparkdex V3.1, xHaven launches liquidity pools enabling users to concentrate assets in designated price ranges, minimizing risks of Impermanent Loss (IL).
The XVN token aims to celebrate xHaven’s strong community roots. Since 2021 (previously called Sparkles), it has sought to be a trusted platform for NFT infrastructure on the Songbird and Flare networks, and the new token furthers community engagement and lets users shape its future. For more information about xHaven visit: https://xhaven.io.
To learn more about Ichi visit: https://docs.ichi.org/. For details on Sparkdex visit: https://sparkdex.ai.
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<p>The post xHaven Launches Native Governance Token XVN on Flare Network first appeared on CoinBuzzFeed.</p>