CARV, a leading modular data layer for gaming and AI, has recently announced an industry-first Node Buyback Program for its upcoming Verifier Node Sales. This innovative program allows node purchasers to opt in for a buyback of up to 100% from CARV’s treasury post-token launch, aiming to protect participants and encourage global contributions to CARV’s decentralization efforts. The program is essential for building a more stable and robust infrastructure for a user-owned internet.
Node license holders who have maintained a 70% or higher participation rate and have not redeemed any veCARV rewards to $CARV will be eligible for the buyback program. Participants will have 7 days to opt in for the program starting from six months post-Token Generation Event (TGE). The program offers two execution options: a 100% buyback with $CARV or an 80% immediate buyback in ETH.
Program Details
To ensure a 100% buyback with a 30-day linear vesting period, 10,000,000 $CARV is allocated from the treasury. Participants who opt for the buyback will retain all prior airdrops and may receive additional rewards. Some of the bought-back nodes will be redistributed to existing active node operators as an incentive for their continued participation.
In light of the implementation of the Up-to-100% Buyback Program, the timeline for the CARV Node Sale has been adjusted. The Whitelist Node Sale is set to launch on May 24, 2024, followed by the Public Node Sale on May 28, 2024. These changes reflect CARV’s commitment to placing users and its community at the forefront of its ecosystem.
CARV’s approach to data sharing and usage is revolutionizing the industry by creating a platform where data generates value for all users. With its modular data layer, integrated with numerous chain ecosystems, CARV is paving the way for a user-owned internet where individuals can benefit from the value their data creates. The CARV Node ecosystem is setting a new standard for node investments, reflecting the company’s dedication to empowering its community.
About CARV
CARV is the largest modular data layer for gaming, AI, and more, aiming to revolutionize how data is utilized and shared. With over 2.5 million registered users, 700 integrated games, and partnerships with various top-tier funds and ecosystems, CARV is a powerhouse in the industry. The company’s commitment to innovation and community empowerment is evident in the introduction of the Up-to-100% Node Buyback Program, which marks a significant milestone in the world of node investments.
CARV’s Up-to-100% Node Buyback Program is a testament to the company’s dedication to decentralization and user empowerment. By providing participants with the option for a buyback of up to 100% from the treasury, CARV is creating a more stable and secure infrastructure for its ecosystem. The adjusted timeline for the CARV Node Sale reflects the company’s commitment to transparency and community engagement. With CARV leading the way in revolutionizing data sharing and usage, the future of a user-owned internet seems brighter than ever before.