CARV, a leading modular identity and data layer for gaming and AI, has officially launched its native utility token, CARV. As per the announcement, the token is available on eight major exchanges, including Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey Global, and MEXC, with plans to expand its availability to more exchanges.
The CARV token serves as the governance and participation cornerstone of the CARV ecosystem, enabling holders to influence protocol decisions and propose new features. The ecosystem includes CARV Protocol, CARV Play, and CARV Labs, offering broad utility, especially for the gaming community through Infinite Play, CARV’s play-to-earn economy.
Empowering Users and Monetizing Data
CARV aims to empower users by enabling them to own, control, and monetize their data. As the platform advances in AI capabilities, Web2 companies will need CARV tokens to access user-controlled data, further driving demand for the token.
Introducing veCARV on Arbitrum
In addition to the token launch, CARV has introduced veCARV, a voting escrowed version of the CARV token on the Layer 2 chain Arbitrum. veCARV boosts users’ voting power, encouraging long-term staking and supporting community-driven development. Holders can convert CARV to veCARV at a 1:1 ratio through staking, with a mandatory unlocking period for converting back to CARV.
Tokenomics and Community Engagement
The total supply of CARV is 1 billion tokens, which will be fully released over the next four years. Half of the supply is allocated to the community, with 10% distributed through three seasons of airdrops.
Additionally, 40 million tokens are reserved for CARV nodes, promoting decentralization and generating new revenue streams. CARV has also implemented a buyback program for node holders to further support the network’s decentralization efforts.
Roadmap and Future Initiatives
CARV’s Chief Operating Officer, Victor Yu, stated that this launch marks only the beginning for the project. The team is preparing for the mainnet release set for October 11, along with several key initiatives, including expanding its identity and data layer with decentralized sequencers, data verification, and enhanced ERC-7231 standards for improved data processing and privacy.
The platform also plans to introduce an on-chain database solution for instant identity integration with CARV ID.
Funding and Revenue Milestones
CARV has secured $10 million in Series A funding and recorded over $43 million in total revenue in the first three quarters of this year. Additionally, it launched a $35 million verifier node sale and a $50 million accelerator to drive further growth.
The CARV token presents a compelling opportunity for traders, supported by its proven revenue model and high-yield staking opportunities.
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