TL;DR
- The $CARV token has been launched, crucial for data management in gaming and AI.
- It is available on eight major exchanges and allows users to participate in governance.
- The token integrates into the Play-to-Earn economy with staking and offers long-term rewards.
CARV has launched its new $CARV token, a crucial step in its strategy to transform how data is managed and monetized in the gaming and artificial intelligence industries.
This token, built on the Base network, an Ethereum Layer 2 solution, is now available on eight major exchanges, including Bybit, KuCoin, and Bitget. The main goal of the token is to provide gamers and AI developers with greater control over their data, allowing active participation in the platform’s economy.
It's CARVing time!$CARV is officially tradable on these EIGHT exchanges:
Bybit: https://t.co/w6IDA0OMrq
KuCoin:https://t.co/RLkVoWLOVs
Bitget: https://t.co/j9rc6kJxOt
BingX:https://t.co/kfPBNaUUUr
HashKey:… pic.twitter.com/u8gzowF3wd
— CARV (@carv_official) October 10, 2024
$CARV acts as the backbone of the ecosystem, providing access to its various platforms, such as Protocol, Play, and Labs. Additionally, token holders can participate in the project’s governance, suggesting improvements and changes, as well as the possibility of owning network nodes, which reinforces the platform’s decentralization. To encourage adoption, 40 million tokens have been reserved to expand its use, allowing users to earn rewards while contributing to the protection and development of the platform.
CARV Takes the Market by Storm
According to the latest data from CoinMarketCap, CARV has surged by 77.14% since its launch. Its current price is $0.4789, and its market capitalization has surpassed $60 million. Furthermore, trading volume has exploded, increasing by 117.91% in the last 24 hours.
What Will It Be Used For?
One of the most important applications of $CARV is its integration into the Play-to-Earn economy of the ecosystem, called Infinite Play. After several successful experimental seasons, this platform now allows players to stake their tokens with high annual percentage returns (APR), offering greater rewards to those who participate in the ecosystem. Additionally, it is expected that Web2 companies seeking access to user-controlled data will require the use of the token, potentially increasing its demand.
As for the token structure, $CARV has a total supply of 1 billion tokens, which will be distributed over the next four years. Of the total, 50% will be allocated to the community and nodes, while the rest will be assigned to the founding team, initial investors, the treasury, and liquidity funds for the project. This approach ensures a balanced and sustainable distribution that fosters long-term participation.
With $10 million in Series A funding and $35 million raised from verifier node sales, CARV is moving toward creating a decentralized infrastructure that aims to protect privacy and accelerate the adoption of new technologies
