SANTA CLARA, California, May 10th, 2024, Chainwire
CARV Unveils Groundbreaking Node Buyback Program for Verifier Node Sales
Heralding a New Era of Community Empowerment
CARV, a pioneering modular data layer for gaming and AI, has unveiled an industry-first Node Buyback Program for its upcoming Verifier Node Sales. This innovative initiative allows node purchasers to opt in for a buyback of up to 100% from CARV’s treasury post-token launch. The goal is to safeguard participants and foster global contributions to CARV’s decentralization, ultimately creating a more resilient and robust infrastructure for a user-owned internet.
Revolutionizing Node Investments
As reported by Techcunch, CARV is renowned for its gaming and AI applications that serve millions worldwide. With a modular data layer supporting over 750 enterprises, CARV is a powerhouse in the industry. The expansion of the CARV ecosystem underscores the critical role of verifier nodes in ensuring integrity and security within its decentralized data processing environment. The initial months post-CARV node launch are pivotal for establishing stability, engagement, and equitable distribution. In response to market volatility and to instill user confidence, CARV’s proactive community proposed the Node Buyback Program.
CARV remains committed to pushing boundaries and setting new benchmarks in the industry. The Up-to-100% Node Buyback Program stands as a testament to CARV’s dedication to fostering true decentralization. By empowering the community to participate confidently in shaping a sustainable, user-owned internet, CARV is leading the charge towards a more inclusive digital landscape.
Innovative Buyback Mechanics
- Eligibility: Node license holders with a participation rate of 70% or higher, and no redemption of veCARV rewards to $CARV, are eligible for the buyback program.
- Timeline: Node license holders can participate in the Program starting from six months post-Token Generation Event (TGE) for a duration of 7 days.
- Execution options:
- 100% Buyback with $CARV: Equivalent to node price in USDT at the time of purchase with a 30-day linear vesting period.
- 80% Immediate Buyback in ETH: Equivalent to node price snapshot in ETH at purchase time with immediate ETH release.
Redefining Node Sale Timelines
To accommodate the implementation of the Up-to-100% Buyback Program, adjustments have been made to the CARV Node Sale timeline:
- Whitelist Node Sale Launch: May 24, 2024, at 12 PM UTC (available for 4 days)
- Public Node Sale Launch: May 28, 2024, at 12 PM UTC
The Up-to-100% Node Buyback Program sets a new precedent for node investments, epitomizing CARV’s commitment to user-centricity and community empowerment. By laying a robust foundation for the CARV Node ecosystem, CARV is reshaping how personal data is utilized and shared, ushering in an era where individuals can rightfully benefit from the value their data generates.
About CARV
CARV stands as the premier modular data layer for gaming, AI, and ∞, revolutionizing data utilization and sharing practices. With CARV Protocol, the modular data layer integrated across 40+ chain ecosystems, and CARV Play, its flagship gaming and superapp, CARV is at the forefront of innovation. Boasting over 2.5 million registered users and 700 integrated games, CARV is a dominant force in Linea, opBNB, zkSync, Ronin, and more. Backed by illustrious funds and ecosystems like Temasek’s Vertex Ventures, ConsenSys, Tribe Capital, and more, CARV is shaping the future of data-driven value creation. Learn more at carv.io.
Contact
Co-Founder & COO
Victor Yu
[email protected]
