XHaven launches XVN token

adminDecember 12, 2024

Dubai, United Arab Emirates, December 12, 2024, Chainwire

xHaven, Flare’s leading digital collectibles marketplace and blockchain infrastructure provider, is pleased to announce the launch of XVN, its native governance token. Now available on Sparkdex, Flare’s leading decentralized exchange, this milestone marks the evolution of xHaven into the broader Web3 ecosystem in the market, offering new utilities and rewards to users.

XVN: Powering the future of xHaven

The launch of the XVN token is a pivotal step in xHaven’s journey to expand its horizons while providing enhanced services and seamless user experiences across its platforms.

Unlock exclusive utilities and rewards

XVN opens up possibilities within the xHaven platform, providing:

Exclusive discounts on trading fees: Lower costs to encourage more trading activity.
Platform Rewards: For every transaction made on the platform, we earn XVN from a dedicated rewards pool to reward both buyers and sellers.
Marketplace Rewards: Voting rights are earned through marketplace activity, which are distributed to XVN stakers through a governance token distribution mechanism.
Incentives for providing liquidity: Rewards for providing liquidity to Automated Market Makers (AMMs).
Simple Staking Rewards: A rate of return on XVN staking to promote long-term holding.
Governance Participation: Have a say in future developments and decisions of the platform.

Strengthening liquidity through strategic partnerships

To ensure a strong and sustainable ecosystem, xHaven has established key partnerships with industry leaders Ichi and Sparkdex.

reason

xHaven leverages Ichi’s innovative single-token deposit vault to simplify liquidity provision with a more stake-like experience. These vaults allow you to deposit a single token into your ICHI vault via Sparkdex, eliminating the need to deposit both tokens into a liquidity pool. This simplified approach to liquidity management improves price stability and yield opportunities and supports xHaven’s ecosystem growth.

Sparkdex

Using the SparkDEX V3.1 DEX platform, xHaven is launching liquidity pools that empower users by concentrating assets in specified price ranges. This reduces the risk of impermanent loss (IL).

Empowering the xHaven Community

This release celebrates the vibrant xHaven community. Since its founding in 2021, xHaven (formerly Sparkles) has aimed to become a trusted platform for NFT infrastructure on Songbird and Flare. The XVN token reflects this growth, fostering active community participation and empowering users to shape the future of the platform.

About xHaven

xHaven is the leader in digital collectibles on the Flare Network. Dedicated to expanding the possibilities within Web3, xHaven provides a comprehensive suite of tools and services to empower users. For more information, see https://xhaven.io.

About reason

ICHI is a non-custodial automated protocol that optimizes capital efficiency in decentralized finance (DeFi). By leveraging one-sided centralized liquidity pools, Ichi simplifies liquidity provision for users across a variety of AMMs, making DeFi more accessible and efficient. For more information, see https://docs.ichi.org/home.

Introduction to Sparkdex

SparkDEX is Flare Network’s first AI-based super dApp, providing 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 with the first Perpetuals launch on the Flare network. For more information, please visit https://sparkdex.ai.