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xHaven, the leading digital collectibles marketplace and blockchain infrastructure provider on Flare, is thrilled to announce the launch of its native governance token, XVN.
Dubai, United Arab Emirates, December 12th, 2024, Chainwire
xHaven, the leading digital collectibles marketplace and blockchain infrastructure provider on Flare, is excited to announce the launch of its native governance token, XVN. Now available on Sparkdex, a leading decentralized exchange on Flare, this milestone marks xHaven’s evolution from a marketplace into an expansive Web3 ecosystem, offering users new utility and rewards.
As part of its mission to enhance the user experience and unlock new possibilities within its platform, xHaven has forged strategic alliances with industry leaders Ichi and Sparkdex.
xHaven is leveraging Ichi’s innovative single-token deposit vaults to simplify liquidity provision, making it more accessible and stake-like. 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, improves yield opportunities and supports xHaven’s ecosystem growth.
Moreover, SparkDEX’s V3.1 DEX platform will be used to launch liquidity pools that empower users by concentrating assets in designated price ranges, reducing the risk of Impermanent Loss (IL).
This launch marks a significant step in xHaven’s journey to broaden its horizons, offering enhanced services and a seamless user experience across its platform. The XVN token unlocks possibilities within the xHaven ecosystem, offering benefits such as:
– Access to exclusive airdrops and NFT mints
– Participation in key platform decisions through governance voting
– Rewards for contributing to the platform’s growth and community initiatives
– Priority listing on the xHaven Launchpad for promising Web3 projects
Since its inception in 2021, xHaven (formerly Sparkles) has aimed to become the 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.
For more information on xHaven, please visit https://xhaven.io.
About Ichi
ICHI is a non-custodial, automated protocol that optimizes capital efficiency in decentralized finance (DeFi). By introducing single-sided concentrated liquidity pools, Ichi simplifies liquidity provision for users across various AMMs, making DeFi accessible and efficient. To learn more, 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
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