TI Rating Report: CVTX

What is CarrieVerse($CVTX)?

CarrieVerse($CVTX) is an upcoming metaverse built on Polygon, set to launch in Aug 2023. The project is jointly developed by Mantisco and CarrieSoft Co Ltd. CarrieVerse’s mission is to create an interactive and decentralized platform, empowering communities with transparent content ownership, generation tools, and practical use cases.

The project is supported by two types of tokens. The governance token, $CVTX, and game-utility tokens. These tokens serve multiple functions (e.g. Governance, payment, etc) and are used as incentive methods within the ecosystem.

Rating Rationale（BreakDown）

TokenInsight has evaluated GameBit from 6 dimensions based on our standardized rating methodology. A summary of the assessments in each dimension is provided below.

Note: The ratings are based on automated data analysis and are updated daily. To obtain the real-time rating result for the project, please visit the project's profile for detailed information.

Technology & Security

• The project is still in the early development stage since the metaverse and other subsidiary products are set to be launched in the next few months.

Roadmap & Progress

• CarrieVerse has disclosed its four-phased roadmap and its currently in the second phase. CarrieVerse plans to focus on the NFT launch, project launch, and game release for the rest of 2023.

Token Economics

• 30% of the $CVTX is distributed to the team, partners, and early investors, vesting in 39 months.
• The token vesting schedule is managed by the foundation through cold wallets, which might cause centralization-related concerns.

Token Performance

• As of 27 June 2023, $CVTX has been listed on 5 exchanges with 5 spot trading pairs. The token performs modestly both on-chain and on the secondary market.

Team, Partners & Investors

• CarrieVerse is supported by a relatively large team of 165 full employees. Among them, 135 members belong to the technical team (81.8%).

Ecosystem Development

• CarrieVerse has accumulated a certain community base. However, the community performance still has some room for improvement.
• The decentralized governance of CarrieVerse has not yet been deployed with no detailed plan and schedule.
• CarrieVerse ecosystem will initially consist of an NFT project and a game. But both of them are unreleased with inadequate disclosed details.

About TokenInsight Rating

TokenInsight, established in 2018, is a data-driven blockchain institution that provides market intelligence through ratings, industry research, and data analysis. Our rating methodology utilizes standardized criteria, combining quantitative and qualitative analysis to ensure objective and consistent evaluations. For a detailed understanding of our methodology, rating symbols, and outlooks, please refer to the TokenInsight Token Rating Methodology.