Review the CARV project, basic metrics, and selling access to the node
CARV is a protocol that allows users to fully control and monetize their personal data. The project has two components: CARV Protocol — a platform for secure data sharing, and CARV Play — a digital identity management application.
At the time of writing this article telling you about the activity in the project, it was known that the team had raised $4 million in investment. Since then, several more investment rounds have been closed, and at this stage, the total raises stands at $16 million.
The team also announced that it will hold a sell node. The article goes on to look at the basic metrics, tell you who can get spots in WL and show you how to participate.
About the project token
Similar to XAI, CARV uses a binary system where two tokens will be present: CARV and veCARV.
CARV is the main utility token that will be used within the project ecosystem to pay for gas in multi-chain, purchase game assets, incentives (data owners, providers, consumers), etc. CARV can be exchanged at any time for veCARV at a 1:1 ratio with no lock-in period.
The total supply is 1,000,000,000,000:
Note: exact vesting information in the documentation is not provided, so you can rely on the infographic.
- node operators and community: 50%;
- ecosystem and treasury: 9%;
- early investors: 10%;
- private equity: 10%;
- team: 17%;
- liquidity: 4%.
veCARV is a non-transferable token that will be used for voting and as incentives for node operators. It is convertible to CARV with penalties or delay.
Conversion of veCARV to CARV:
- 15-day delayed ratio 1 to 0.25;
- 90-day delay ratio 1 to 0.65;
- 150-day delay ratio 1 to 1.
About Node
The CARV protocol aggregates a lot of data through its products: CARV ID, CARVLink, CARV DB, and provides processing and training of various AI models. After publishes the results of these processes in multiple blockchains.
To ensure security and decentralization, it is planned to introduce so-called verifier nodes, the management of which will be taken over by the community. It is through the mechanisms of buying access to the node and then deploying it.
These nodes will be lightweight, so users will not need expensive hardware to keep them up and running.
Minimum requirements:
- CPU c 1+ cores;
- 2GB RAM;
- 4 MBit/sec internet connection speed;
Recommended:
- fast CPU with 2+ cores;
- 4GB+ RAM;
- 8+ MBit/sec internet connection speed.
Recall that up to 25% of the total offer will be distributed among all operators.
Airdrop
At this stage, there is no information that node owners will be eligible for airdrop in addition to basic rewards. However, there is a large number of tokenomics built into the tokenomics for the community. Perhaps the team will go the way of XAI, Aethir, Sophon and announce it after the actual sale.
How the sale will take place
The sale of access will take place according to the already familiar system of shooting galleries. If you buy out a fixed quota, the price will increase:
Some of the available quota will be distributed to whitelist users, which are allocated to active members of the CARV community, partner communities, KOLs and others.
The dates of the event are:
- for whitelist from May 24 to May 28, 2024;
- public sale from May 29, 2024.
How to participate in the sale
The purchase is made for wETH on the Arbitrum network. If you will participate, you should prepare tokens in advance.
Important: KYC is not required to buy the node, but the user will have to pass KYC to install it and get rewards. Take this into account if you will participate.
- Go to the site and connect your wallet.
Note: the site will be available after the start of the sale. As in other similar seals, our team will provide a special code that will provide a discount.
- We purchase the desired number of keys.
- Follow the social networks of the project and raise noda by the official guide when it will be published by the team.
Conclusion
Thanks to the launched campaign, which was described in the article, the project has a large community, which can positively affect the output of the token and, accordingly, the investment in node. But also do not forget that any sale involves certain risks, which you need to assess on your own if you participate.
Highlights:
- public sale starts on May 29, 2024;
- a total of 100,000 node licenses are available;
- 25% of the total token supply is allocated for rewards for node holders;
- will need to hold an active node to qualify for rewards;
- buyback system is present.
If you have any questions when going through the activities, you can ask them in our Telegram chat.
Useful links: Website | X | Discord | Sale details from team
All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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