CARV Launches Its New $CARV Token, a Crucial Step in Its Strategy to Transform Data Management and Monetization 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.

CARV has announced the launch of its new token, $CARV, a critical step in its plan to revolutionize 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 primary goal of the token is to give gamers and AI developers more control over their data, allowing them to actively participate 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

HTX: https://t.co/yfirCrw8Q6

BingX:https://t.co/kfPBNaUUUr

Gate:https://t.co/4rMVz2hMpF

HashKey:… pic.twitter.com/u8gzowF3wd

— CARV (@carv_official) October 10, 2024

$CARV serves as the ecosystem's lifeblood, granting access to its various platforms, including Protocol, Play, and Labs. Furthermore, token holders can participate in the project's governance, suggesting improvements and changes, and can also own network nodes, which strengthens the platform's decentralization. To foster adoption, 40 million tokens have been reserved to expand its use, allowing users to earn rewards while contributing to the platform's protection and development.

CARV Surges in the Market

According to the latest data from CoinMarketCap, CARV has seen a surge of 77.14% since its launch. Its current price is $0.4789, and its market capitalization has crossed the $60 million mark. Moreover, its trading volume has also seen a significant increase, rising by 117.91% over the last 24 hours.

What Will It Be Used For?

One of the key applications of $CARV is its integration into the ecosystem's Play-to-Earn economy, known as Infinite Play. Following several successful experimental seasons, this platform now enables players to stake their tokens with high annual percentage returns (APR), offering greater rewards to those who participate in the ecosystem. Additionally, Web2 companies seeking access to user-controlled data will likely require the use of the token, potentially increasing its demand.

In terms of the token structure, $CARV has a total supply of 1 billion tokens, which will be distributed over the next four years. Out of the total, 50% will be allocated to the community and nodes, while the remaining 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 set to create a decentralized infrastructure that protects privacy and accelerates the adoption of new technologies.

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