CARV Coins: Everything You Need to Know
2024-10-14
Bittime - CARV has released the $CARV token which gamers as well as AI developers will be able to use to secure their data.
The $CARV token itself is already available on major CEXs, making it more accessible.
Read more about CARV coins and everything you need to know about CARV here.
Get to Know More about CARV Coin
CARV Coin ($CARV) is a coin released by CARV on top of the Base, Layer 2 network Ethereum.
The $CARV token serves as the primary key in the CARV ecosystem, providing access to services such as CARV Protocol, CARV Play, and CARV Labs.
The CARV token or coin acts as a link that ensures the entire system remains integrated, allowing users to participate in decision-making, provide input regarding new features, and even own CARV nodes.
To expand the network and strengthen the platform, the CARV team has also allocated 40 million $CARV tokens, as well as providing opportunities for users to earn income while contributing to maintaining the security and stability of the CARV ecosystem.
Some Important Values of CARV Coin
For gamers, $CARV has a very important role.
After three successful pilot seasons, CARV's play-to-earn economy called Infinite Play has now integrated coin $CARV.
Gamers can stake $CARV coins at a high APR rate, which means bigger rewards in playing.
On the other hand, with the rapid progress in AI technology, Web2 enterprises will probably need $CARV to access relevant user-operated data, so the demand for this token is increasing.
Read Also: CARV Price Explodes 79% After Listing on the Largest Crypto Exchange
Not just a gaming element, $CARV owners also have a role as stakeholders in the development of the platform.
They can propose adding new features to turn CARV into a user community-controlled project.
Three Main Pillars of CARV Coin
CARV is currently developing the largest module for the Identity and Data Layer (IDL), designed to support gaming, AI and other sectors.
The system has been integrated with more than 900 companies in the gaming and AI fields, and serves more than 10 million registered players.
CARV has three main pillars, including:
1. CARV Protocol
Provides a data infrastructure that allows users to own, control and monetize their own data.
CARV's protocols also provide the high-quality data needed by the gaming industry, AI, and other data-dependent sectors, driving innovation at scale.
To date, CARV Protocol has generated 6 million in revenue this year.
2. CARV First Party Applications
Based on CARV Play, the main application that uses the CARV Protocol.
The CARV application focuses on community-based game distribution, social systems and user credentials.
Currently, CARV Play has been integrated with more than 900 gaming and AI companies, with 2.5 million registered users.
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3. CARV Labs
Carv Labs is a $50 million accelerator working with HashKey Capital and ConsenSys to support projects leveraging the CARV Protocol for mass adoption.
One of the first projects supported by Labs was a game called BANANA, which managed to reach 10 million monthly active users in just 4 weeks.
So far, CARV has successfully raised $50 million in funding from various leading investors, including Tribe Capital, Temasek Vertex, HashKey Capital, Animoca Brands, Alibaba Group, and ConsenSys, as well as from large game studios and ecosystems such as MARBLEX (Netmarble).
CARV Coin Tokenomics
After discussing what CARV coin is and what is the important value of CARV's presence, the next important information is regarding CARV coin tokenomics.
The total supply of $CARV is 1 billion tokens, but they will not all be released to the market at once.
The CARV team plans to distribute all tokens over a period of four years, with 50% allocated to the community.
Here are the CARV coin allocation details:
- 50% for community and nodes
- 19.46% for founding team and advisors
- 9.25% for initial investors
- 9% for ecosystems and treasury
- 8.30% for private fundraising
- 4% for liquidity
Read Also: CARV Airdrop Claim Announcement: Claim Page Now Available
CARV Coin on CEX
Currently, $CARV coin is available on eight major crypto exchanges (CEX), including leading platforms such as Bybit, KuCoin, and Bitget, making it easy for users to access it.
One of CARV's main goals is to empower gamers and AI developers by giving them more control over their personal data.
Through the use of the $CARV token, they can participate more actively in data management and benefit from a transparent and decentralized blockchain-based economy.
With this approach, CARV not only supports the development of fairer technologies, but also ensures that users have a central role in the digital ecosystems they use.
That's the review about CARV coins and everything you must know about CARV coins, hopefully useful.
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