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xHaven is ecstatic to announce the release of XVN, its native governance token. xHaven is the top Flare marketplace for digital valuables and a blockchain infrastructure supplier. This milestone marks xHaven’s transformation from a marketplace into a wide Web3 ecosystem, giving consumers more value and rewards. It is now available on Sparkdex, a prominent decentralized exchange on Flare.
XVN: the Future of xHaven
Launching the XVN token is a major milestone in xHaven’s expansion plans, which aim to provide users better services and a more streamlined platform experience.
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 to Automated Market Makers (AMMs).
- Simple Staking Rewards: Yields for staking XVN, to promote long-term holding.
- Governance Participation: Having a say in the platform’s future development and decisions.
Forging key Partnerships
xHaven is building a strong and sustainable ecosystem by collaborating with industry leaders Ichi and Sparkdex.
xHaven utilizes Ichi’s cutting-edge single-token deposit vaults, transforming liquidity provision into a streamlined, stake-like experience. These vaults facilitate single-token deposits into ICHI Vaults through Sparkdex, removing the necessity for depositing both tokens into the liquidity pool. This streamlined strategy for liquidity management boosts price stability, unlocks yield opportunities, and fosters the growth of the xHaven ecosystem.
SparkDEX
With the launch of liquidity pools on the SparkDEX V3.1 platform, xHaven is set to revolutionize user empowerment by strategically concentrating assets within specific price ranges. This mitigates the potential for Impermanent Loss (IL).
Empowering the xHaven Ecosystem
This launch marks a significant celebration of the dynamic xHaven community. Since its launch in 2021, xHaven (previously known as Sparkles) has set its sights on establishing itself as a reliable platform for NFT infrastructure on Songbird and Flare. The XVN token embodies this expansion, driving vibrant community engagement and empowering users to influence the platform’s trajectory.
