# Tokenomics

### Governance Token Details <a href="#governance-token-details" id="governance-token-details"></a>

* Token name: **Carrieverse Token**
* Ticker: **$CVTX**
* Max Supply: **1,000,000,000**
* Token Type: ERC-20
* Primary Utility: $CVTX is the foundational currency of the Carrieverse ecosystem, central to facilitating transactions, enabling decentralized governance, and supporting participation in De-Fi services.
* Token Contract: 0x40F97Ec376aC1c503E755433BF57f21e3a49f440
* Network: Polygon

![](https://business-20.gitbook.io/~gitbook/image?url=https%3A%2F%2F3830341024-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FNzw83tS1uuvFULxxoHcQ%252Fuploads%252FVzyv5xawXCpGte4uLs7J%252Fimage.png%3Falt%3Dmedia%26token%3D254569c2-e077-4919-a0e8-c55290cbe8f9\&width=300\&dpr=4\&quality=100\&sign=75b848ed\&sv=1)

<figure><img src="https://559289837-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FAKfVLNYUF8IfSovbNxOb%2Fuploads%2Fr6ofossgJwTdtlV2Q77d%2FLorem%20ipsum%20dolor%20sit%20amet%2C%20consectetur%20adipiscing%20elit.%20Sed%20at%20ipsum%20vitae%20lacus%20lobortis%20lacinia.%20Donec%20tristique%20arcu%20massa%2C%20at%20pharetra%20tortor%20feugiat%20non.%20Etiam%20vehicula%20hendrerit%20aliquet.%20(5).png?alt=media&#x26;token=effd5d7a-b5ba-4a5e-982d-be2fd7910cbd" alt=""><figcaption></figcaption></figure>

## Key Features

### Digital Ownership

* **True Digital Ownership:** $CVTX empowers users with genuine ownership of digital assets through NFTs. These NFTs are secured by blockchain technology, ensuring their unique value and identity are preserved. Users can tokenize their assets using Cling, enabling their use across various content and trading scenarios within the ecosystem.

### Seamless Transactions:

* **Core Currency:** $CVTX acts as the primary medium for all transactions within the Carrieverse ecosystem. Whether it's in-game purchases, accessing premium content, or conducting exchanges within the platform, $CVTX provides a unified and efficient transactional experience.
* **User Flexibility:** The token enables users to seamlessly move between different games and content without the need for multiple currencies, enhancing user satisfaction and keeping the ecosystem vibrant and active.

### Staking and Rewards:

* **Earning Rewards:** By staking $CVTX, users can actively participate in the ecosystem while earning rewards. Staking not only contributes to the platform's security but also allows users to accumulate additional tokens, which can be reinvested or used within the ecosystem.
* **Community Engagement:** Staking fosters deeper engagement within the Carrieverse community. It offers users exclusive access to content and opportunities, reinforcing a sense of belonging and commitment to the platform.

### Decentralized Governance:

* **User Empowerment:** $CVTX holders have a significant role in shaping the future of Carrieverse. Through decentralized governance, they can vote on crucial decisions, including platform upgrades, content onboarding, and partnership agreements.
* **Community-Driven Evolution:** This governance model ensures that the platform evolves in line with the community's needs and values, making it truly user-driven. The involvement of token holders in decision-making processes fosters a strong sense of ownership and influence over the platform’s direction.

### Deflationary Mechanism

* **Token Burn:** To enhance the long-term value of $CVTX, the platform incorporates a token burn mechanism. During transaction validation, a portion of $CVTX tokens is permanently removed from circulation, reducing the overall supply. This deflationary approach helps maintain and potentially increase the value of the token over time, benefiting all holders and ensuring a sustainable economic model.

## Ecosystem Support

### Multichain Strategy

* **Built on Polygon:** Carrieverse is initially built on the Polygon blockchain, known for its high performance and stability. This foundation provides the platform with the scalability needed to support a growing user base.
* **Expansion and Partnerships:** Carrieverse is committed to expanding its ecosystem through partnerships with various middleware and third-party services within the Polygon ecosystem. This strategy ensures that $CVTX remains versatile and widely accessible across different platforms and services.

### De-Fi Services

* **Expanding Beyond Gaming:** Beyond its use in transactions and governance, $CVTX also plays a vital role in Carrieverse's De-Fi services. Users can engage in staking and yield farming within the Cling Swap ecosystem, earning passive income and contributing to the platform's growth.
* **Long-Term Value Creation**: These De-Fi services add another layer of utility to $CVTX, making it not only a transactional medium but also a tool for long-term investment. This added utility helps attract a broader range of participants, including retail investors and institutional players, ensuring robust participation in the ecosystem.
