CARV Prepares for TGE, Scheduled to Release CARV Token on October 10
In Brief
The Modular Identity and Data Layer platform, CARV, has revealed that its token generation event will kick off at 8 AM UTC on October 10.
Modular Identity and Data Layer (IDL) platform CARV has disclosed that its token generation event (TGE) is set to commence at 8 AM UTC on October 10.
CARV is on its way to building one of the largest IDLs tailored for gaming and AI. Founded in 2021, it has developed the CARV Protocol, a comprehensive data infrastructure that enables users to own, manage, and monetize their information. This infrastructure also delivers premium data to gaming, AI, and other data-driven industries, sparking innovation.
In parallel, CARV Play, the flagship application of the platform, focuses on community-led game distribution, social engagement, and credential management systems. The platform also features BANANA, a mini-game that operates on The Open Network (TON) blockchain.
To date, CARV It has successfully engaged over 2.8 million gamers around the world, with about 650,000 active users each day. Moreover, the platform has connected with 790 Web2 and Web3 games, amassing nearly $4 million in revenue during the first half of 2024 alone.
CARV Protocol to Release Token Concurrently with Mainnet and Initiate Season 1 Airdrop
The CARV token is slated for release alongside the mainnet rollout. Once it goes live, the token will serve as the main medium of exchange within the CARV ecosystem and will incentivize users to engage ahead of the mainnet activation.
Following the token launch, CARV will be available on centralized exchanges such as Bitget and Bybit, among others. Presently, users can obtain CARV tokens through Bybit’s Pre-Market prior to their official listing for spot trading.
CARV will have a total token supply of 1 billion, which will be fully distributed over four years. According to the tokenomics, 50% of the total supply will be designated for nodes and the community, 19.46% for the founding team and advisors, 9.25% for early backers, 9% for ecosystem development, 8.30% for private fundraising, and 4% for liquidity.
Furthermore, the project plans to execute a Season 1 Airdrop that will allocate a pool of 40 million tokens to reward the community for its commitment. Snapshots have already been taken to pinpoint participants eligible for this airdrop.
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