CARV Launches Pioneering Node Buyback Program
CARV's Innovative Node Buyback Program
CARV, a leader in modular data layers for gaming and AI, has introduced a groundbreaking Node Buyback Program linked to its Verifier Node Sales. This pioneering initiative offers node purchasers the option to sell back up to 100% of their nodes post-token launch, aiming to stabilize infrastructure and promote global decentralization. This strategy is designed to enhance confidence and participation within the CARV ecosystem.
Essential Role of Verifier Nodes
Verifier nodes are crucial for maintaining the integrity and security of CARV's decentralized data processing environment. As CARV continues to expand its reach, running these nodes becomes vital. The first months after launching CARV nodes are pivotal for ensuring stability and equitable distribution. To mitigate market volatility, CARV's community has proposed a protective buyback mechanism.
How the Buyback Program Works
The buyback program is available to node license holders who maintain a 70% participation rate and refrain from redeeming veCARV rewards. From six months after the Token Generation Event (TGE), participants have a seven-day window to opt for the buyback. Options include a 100% buyback in $CARV with a 30-day vesting period or an 80% immediate buyback in ETH. The process is secured through smart contracts and third-party audits, with 10,000,000 $CARV allocated for this purpose.
Adjusted Timeline for Node Sales
To implement the Up-to-100% Buyback Program, CARV has adjusted the timeline for its Node Sale. The Whitelist Node Sale begins on May 24, 2024, followed by the Public Node Sale on May 28, 2024. Participants can join a waitlist and a raffle with a $50K prize pool.
CARV's Vision for a User-Owned Internet
CARV's Node Buyback Program reflects its commitment to decentralization and community empowerment. By incentivizing participation and ensuring fair distribution, CARV is setting new standards in node investments. This initiative supports CARV's mission to revolutionize data usage, paving the way for a user-owned internet where individuals can benefit from the value their data generates.
About CARV
CARV is the largest modular data layer for gaming and AI, with over 2.5 million users and 700 integrated games. Backed by leading funds and ecosystems, CARV is redefining data management and user empowerment. For more information, visit carv.io.
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