CARV, a leading provider of modular data solutions for gaming and AI, has unveiled a unique Node Buyback Program for its upcoming Verifier Node Sales. This initiative allows purchasers to choose a buyback option of up to 100% from CARV’s treasury after the token launch. The goal is to safeguard participants and promote global involvement in CARV’s decentralization efforts, fostering a stronger and more stable infrastructure for an internet owned by users.

Renowned for its gaming and AI applications serving millions, CARV's modular data layer supports over 750 enterprises. As the CARV ecosystem expands, verifier nodes play a crucial role in maintaining integrity and security. The initial months post-launch are vital for establishing stability, participation, and fair distribution. To address market fluctuations and bolster user confidence, CARV’s community has proposed the node buyback protection mechanism.

CARV is dedicated to pushing boundaries and setting new standards. The Up-to-100% Node Buyback Program pioneers a mechanism that promotes genuine decentralization, empowering the community to confidently contribute to the construction of a sustainable, user-owned internet.

How the Up-to-100% Buyback Program Functions:

Eligibility: Node license holders maintaining a participation rate of 70% or higher, without redeeming veCARV rewards, qualify for the buyback program.

Timeline: Starting six months post-Token Generation Event (TGE), eligible node license holders have 7 days to participate.

Execution options:

100% buyback with $CARV, vested linearly over 30 days. OR

Immediate 80% buyback in ETH, released instantly.

To ensure transparency and security, CARV is integrating the buyback program into smart contracts and collaborating with reputable auditors.

10,000,000 $CARV is allocated from the treasury to facilitate a 100% buyback with a 30-day vesting period. Node license holders retain all prior airdrops, unaffected by the Buyback Program.

Some repurchased nodes will be redistributed to active node operators as incentives. The remainder will go to the CARV treasury for potential uses like rewarding $CARV stakers or node resale/burning.

Adjusted Timeline for CARV Node Sale:

Whitelist Node Sale Launch: May 24, 2024, at 12 PM UTC (open for 4 days)

Public Node Sale Launch: May 28, 2024, at 12 PM UTC

Anyone can join the waitlist and enter the raffle for a Whitelist spot, with a chance to win from a $50K prize pool at node.carv.io.

The Up-to-100% Node Buyback Program sets a new standard for node investments, reflecting CARV’s commitment to empowering users and its community. CARV is laying a solid foundation for the CARV Node ecosystem, revolutionizing data usage and sharing, and paving the way for a user-owned internet where individuals profit from their data’s value.

For more details about the CARV node sale and participation, visit here or refer to the CARV whitepaper.

About CARV:

CARV is the premier modular data layer for gaming, AI, and beyond, transforming data utilization and sharing. With CARV Protocol, integrated with 40+ chain ecosystems, and CARV Play, its flagship gaming and superapp, CARV boasts over 2.5 million registered users and 700 integrated games. Backed by top-tier funds and ecosystems, CARV is driving the future of data value creation. Visit carv.io for more information.