Dubai, United Arab Emirates, December 12th, 2024,
Chainwire
xHaven, the leading digital collectibles marketplace
and blockchain infrastructure provider on Flare, is thrilled to
announce the launch of its native governance token, XVN. Available
now on Sparkdex, a leading decentralized exchange on
Flare, this milestone signifies xHaven’s evolution from a
marketplace into an expansive Web3 ecosystem, empowering users with
new utility and rewards.
XVN: Powering the Future of xHaven
The launch of the XVN token is a pivotal step in xHaven’s
journey to broaden its horizons, offering enhanced services and a
seamless user experience across its platform.
Unlocking Exclusive Utility and Rewards
XVN unlocks possibilities within the xHaven platform, offering
benefits such as:
- Exclusive Discounts on Trading Fees: Lower costs to encourage
more trading activity.
- Platform Rewards: Earning XVN from a dedicated reward pool for
every transaction made on the platform, rewarding both buyers and
sellers.
- Marketplace Rewards: Earning voting power from marketplace
activity, distributed to XVN stakers through the Governance Token
Distribution Mechanism.
- Incentives for Liquidity Provision: Rewards for providing
liquidity on Automated Market Makers (AMMs).
- Simple Staking Rewards: Yields for staking XVN, in order to
promote long-term holding.
- Governance Participation: Having a say in the platform's future
development and decisions.
Strengthening Liquidity Through Strategic
Alliances
To ensure a robust and sustainable ecosystem, xHaven has forged
key partnerships with industry leaders Ichi and Sparkdex.
Ichi
xHaven leverages Ichi’s innovative single-token
deposit vaults to simplify liquidity provision to a more stake-like
experience. These vaults enable single-token deposits into ICHI
Vaults via Sparkdex, eliminating the need for both tokens to be
deposited into the liquidity pool. This simplified approach to
liquidity management enhances price stability, and yield
opportunities, and supports xHaven’s ecosystem growth.
SparkDEX
Using SparkDEX V3.1 DEX platform, xHaven is launching liquidity
pools that empower users by concentrating assets in designated
price ranges. This reduces the risk of Impermanent Loss
(IL).
Empowering the xHaven Community
This launch is about the celebration of the vibrant xHaven
community. Since its inception in 2021, xHaven (formerly Sparkles)
aimed to become a trusted platform for NFT infrastructure on
Songbird and Flare. The XVN token reflects this growth, fostering
active community participation and enabling users to shape the
platform’s future.
About xHaven
xHaven is a leader in the digital collectibles
industry on the Flare network. Dedicated to expanding the
possibilities within Web3, xHaven offers a comprehensive suite of
tools and services to empower its users. For more information,
users can visit https://xhaven.io.
About Ichi
ICHI is a non-custodial, automated protocol
that optimizes capital efficiency in decentralized finance (DeFi).
By utilizing single-sided concentrated liquidity pools, Ichi
simplifies liquidity provision for users across various AMMs,
making DeFi accessible and efficient. For more information, users
can visit https://docs.ichi.org/home.
About Sparkdex
SparkDEX is the first AI-powered Super dApp on the
Flare Network, offering a seamless DeFi experience through
innovative derivatives and cutting-edge user experience. Powered by
AI, SparkDEX is poised to become the premier gateway for
Flare-based trading, being the first to launch Perpetuals on Flare
Network. For more information: https://sparkdex.ai.
Contact
Marketing
Team
xHaven
admin@xhaven.io