CARV
CARVPlayPortalProtocol
  • Overview
    • Introducing CARV
  • SVM - AI AGENTIC CHAIN
    • Introduction
      • Architecture
      • AI Agent in TEE environment
      • CARV Verifier Nodes
    • Quick Start
      • Bridge Token
      • Explorer
      • Command line tool
      • Reading from CARV SVM Network
      • Writing to the Network
      • Network Info
  • D.A.T.A. - AI FRAMEWORK
    • Introduction
      • DeepSeek Integration
      • D.A.T.A's Core Features
      • How It Empowers AI Agents
      • Driving the Future of AI and Blockchain
      • Leveraging CARV SVM Chain for Privacy and Trustless Data Sharing
    • Quick Start Guide
    • Architecture
    • ERC-7231 (CARV ID)
    • Examples
      • On-Chain Insights
    • Getting Started
      • D.A.T.A Framework Plugin for Eliza
    • Use Cases and Implementation
      • Getting On-Chain Data for AI Agents
      • What's Coming with the D.A.T.A Framework
    • API Documentation
      • News
      • On-chain Data SQL Query
        • Ethereum Schema
        • Bitcoin Schema
        • Base Schema
        • Solana Schema
      • On-chain Data SQL Query by LLM
      • Token Info and Price
      • User Balance by Twitter ID
      • User Balance by Discord ID
  • CARV Ecosystem
    • CARV Play
      • Portal Access
      • Integration Guide
        • .Play Name Service Integration
        • API-Verified Quest (RESTFUL)
        • API-Verified Quest (GraphQL)
        • CARV ID OAuth 2.0
        • CARV ID Telegram SDK
      • Smart Contracts & Security
    • MOFF Bot & Customer Data Platform
    • CARV Account
      • ERC 7231
    • Verifier Nodes
      • How to Purchase Nodes
      • Buyback Program
      • Why Verifier Nodes
      • How do Verifier Nodes Work
        • CARV/veCARV Token
        • CARV Vault
        • CARV NFT License
        • CARV Protocol Service
        • Trusted Execution Environment (TEE)
        • Verifier Node
        • Attestation
        • Delegation
        • Rewards
        • SGX Attestation Verification
      • Verifier Node Sale Dynamics
      • Smart Contract Addresses
      • License Key (NFT)
      • Delegation
      • Node Rewards
      • Join Mainnet Verifier Nodes
        • Prerequisites
        • Delegation Tutorial
        • Operating a Verifier Node
          • Running in VPS
          • Running in CLI
            • Using Source Code
            • Using Docker
            • Gasless Server API
          • Running in Desktop App
      • Explorer
      • FAQ
        • Node Sale
        • Node Operation
  • CARV LABS
    • Introduction
    • Working with CARV Labs
  • Tokenomics
    • Utility
      • veCARV(s)
    • Distribution & Vesting
  • DECENTRALIZED GOVERNANCE
    • ⚔️Universal Guardian Program
    • 📔DAO Governance
    • 🌏Community Programs & Activities
  • Resources
    • 🗜️Writings
    • 🗞️CARV in the News
    • 🫶Social & Community Links
    • 🅰️Brand Guideline
    • 💰Job Openings
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On this page
  • CARV Token Utility and Purpose
  • veCARV Token Utility and Purpose
  • Redemption of veCARV into CARV
  1. Tokenomics

Utility

CARV Token Utility and Purpose

// $CARV Contract Address (Base): 0xc08Cd26474722cE93F4D0c34D16201461c10AA8C

$CARV is a governance token of CARV Ecosystem, now upgraded to Governance Token and Liquidity Token of SVM Chain, including but not limited to the following application scenarios:

  • Gas Token, used to pay for the network computing costs of nodes in the blockchain;

  • Liquidity Pairing, AI agent token will be paired with the $CARV token in its respective liquidity pool;

  • Payment Currency

    • Retail users' premium utilities in CARV ecosystem, e.g., gas payment for multi-chains, gaming assets purchases, etc.

    • AI Agents and projects gated access to continuous utility of CARV protocol, e.g., accessing holistic and unified users' profiles, etc.

  • Incentive to bootstrap CARV protocol – the modular data layer, e.g., data owners, providers, consumers

  • CARV can be converted to veCARV(s) with 1:1 ratio through staking

veCARV Token Utility and Purpose

veCARV stands for voting-escrow CARV, is a non-transferable token. veCARV is mainly used for:

  • CARV Protocol governance (voting & delegation)

  • Incentivizes node operators who secure and support the network

  • veCARV can be redeemed for $CARV with varying rates and waiting periods, which is explained in more detail in The Redemption Process in whitepaper

Redemption of veCARV into CARV

VeCARV conversion to CARV requires an unlocking period.

The redemption rate varies for different unlocking periods, with longer unlocking periods resulting in higher redemption rates, reaching up to 100%.

Users are required to pay a network channel fee of 1$ CARV each time they initiate a Redeem.

Users can cancel redemption requests at any time without being fined, including after the unlock period is over if the redemption has not been claimed. period is over if the redemption has not been claimed.

Redemption Duration (Days)

Rewards (CARV)

15

25%

90

60%

150

100%

Once veCARV enters the redemption period, it will no longer be eligible to participate in governance voting.

After the redemption process of veCARV, the remaining (if any) veCARV will be converted to CARV and enter the CARV treasury to maintain network operation or proposal to burn, which makes CARV deflationary.

PreviousWorking with CARV LabsNextveCARV(s)

Last updated 4 months ago