In a world where decentralization and user empowerment are becoming increasingly important, CARV has taken a bold step forward with its innovative Node Buyback Program. This program, set to revolutionize node investments in the gaming and AI industry, offers participants the opportunity to opt in for a buyback of up to 100% from CARV’s treasury post-token launch. This move not only protects node purchasers but also encourages global contributions to CARV’s decentralization efforts.
CARV, a renowned player in the gaming and AI space, is no stranger to innovation. With millions of users relying on its applications and a modular data layer that supports over 750 enterprises, CARV has established itself as a leader in the industry. As the CARV ecosystem continues to expand, the need for verifier nodes becomes increasingly crucial for maintaining the integrity and security of its decentralized data processing environment. The node buyback program, introduced by CARV’s dedicated community, aims to address market volatility and ensure user confidence in the initial months following the launch of CARV nodes.
To be eligible for the Up-to-100% Node Buyback Program, node license holders must maintain a participation rate of 70% or higher and have not redeemed any veCARV rewards to $CARV. The program kicks in six months post-Token Generation Event (TGE), giving node license holders a 7-day window to participate. Participants have the option to choose between a 100% buyback in $CARV or an 80% immediate buyback in ETH. The allocated funds for buyback are kept in the treasury, ensuring a 100% buyback with a 30-day linear vesting period.
Upon buyback, some of the nodes will be reallocated to existing active node operators to further incentivize their participation. The remaining nodes will go back to the CARV treasury, where they may be utilized for various purposes, including sharing node operation rewards with $CARV stakers, conducting node resale, or burning. This circular flow of nodes within the CARV ecosystem aims to create a self-sustaining model that benefits all participants.
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 creating a more stable and robust infrastructure for a user-owned internet while setting new standards for node investments in the gaming and AI industry.
As CARV continues to push boundaries and pioneer new mechanisms for decentralization, the Up-to-100% Node Buyback Program stands as a testament to the company’s commitment to empowering its community. By creating a more participatory and community-driven ecosystem, CARV is laying the foundation for a sustainable and user-owned internet where individuals have greater control over the value their data generates. For more information about the CARV node sale and how to participate in the program, interested individuals can visit the CARV website or refer to the CARV whitepaper.