SOUL Elevation: Engage, Empower and Earn

CARV
3 min readJul 3, 2024

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The concept of value goes beyond mere transactions; it embodies the essence of community engagement and empowerment. At the forefront of our platform lies SOUL, a token that symbolizes not just value, but the collective effort and commitment of our community members. Our latest initiative aims to elevate the significance of SOUL by introducing innovative mechanisms that highlight its role in driving mutual growth and empowerment within our ecosystem.

Empowering Token Dynamics

Central to our strategy is the dynamic exchange mechanism between SOUL and $CARV tokens, which reflects and rewards user engagement levels. From the moment this feature is implemented until our Token Generation Event (TGE), CARVers will benefit from customized exchange rates based on their activity. Higher levels of engagement translate into more favorable exchange rates, ensuring that active contributors receive proportionate rewards for their participation.

In our commitment to fairly distributing more rewards to the active CARVers at the last mile of the SOUL Drop campaign, we are excited to introduce the active level. It is determined by dividing the CARVer’s actual active days by the total days since the launch of this feature to TGE. CARVer activities that count towards this include logging in, on-chain mining, claiming historical rewards, staking, voting, completing tasks, and finishing challenges.

Depending on your Active Level, you can convert your SOUL to $CARV as follows:

  • Active Level below 30%: 70% of your total SOUL can be converted.
  • Active Level between 30% and 50%: 100% of your total SOUL can be converted.
  • Active Level between 50% and 70%: 115% of your total SOUL can be converted.
  • Active Level 70% or higher: 130% of your total SOUL can be converted to $CARV.

Introducing Bonus SOUL Rewards

In addition to enhancing token dynamics, we are introducing a discreet yet powerful incentive: bonus SOUL rewards for ongoing engagement. Targeted at CARVers of Ronin with inactive periods exceeding 15 days, this initiative encourages daily engagement over the next 15 days to reclaim accumulated SOUL. Each daily interaction earns incremental SOUL rewards, reinforcing the value of continued participation. Upon their next visit, CARVers will discover these additional benefits, reinforcing the value of their ongoing participation and dedication.

We have calculated the unclaimed SOUL on Ronin during the churn period and are pleased to offer you the opportunity to claim it within 15 days of your return. The reclamation rules are as follows:

  • 20% of unclaimed SOUL from February to March will be returned.
  • 40% of unclaimed SOUL in April will be returned.
  • 50% of unclaimed SOUL in May will be returned.

Conclusion: Embracing the Power of SOUL

To sum up, our project is a big step towards emphasising the role of SOUL in our community-driven ecology. We provide community members the tools they need to actively participate in our mutual success by combining creative reward systems with CARVer-centered engagement tactics.

Together, let’s harness the power of SOUL to create lasting impact and meaningful outcomes for all within our growing community!

About CARV

CARV is building the modular data layer for gaming and AI, unlocking innovation with access to comprehensive, high-quality data while empowering individuals with data self-sovereignty.

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CARV

Building the Largest Modular Data Layer for Gaming and AI.