VENOM is the native token powering the Venom Blockchain, a groundbreaking platform designed for scalability, speed, and adaptability. As a Layer 0 and Layer 1 network, Venom offers an ideal foundation for Web3 applications in DeFi, global payments, and enterprise solutions.
In this guide, we’ll explore the key features of Venom, its history, mission, and what sets it apart from other blockchain projects.
Overview of VENOM
- Ticker: VENOM
- Website: venom.foundation
- Network: Venom Blockchain
- Max Supply: 8,000,000,000
- Circulating Supply: 988,919,270
- Year Incorporated: 2022
Venom uses TIP-3 token standards, designed for efficient smart contract implementation, enabling cost-effective and scalable transactions.
A Brief History of Venom
The Venom story began in 2018, with Christopher Louis Tsu and Dr. Kai-Uwe Steck spearheading the development of a next-gen blockchain. By 2022, Venom’s closed testnet was launched, and the public testnet followed in April 2023.
The Venom mainnet debuted in March 2024, earning attention from developers and top exchanges worldwide. Venom’s unique dynamic sharding and Mesh technology cement its status as one of the most scalable blockchains available today.
What Is $VENOM?
$VENOM is the utility and governance token of the Venom blockchain. Its key use cases include:
- Transaction Fees: Powering low-cost, high-speed transactions.
- Staking & Farming: Unlocking opportunities for passive income.
- DeFi Access: Connecting users to decentralized exchanges and financial tools.
- Gaming & NFTs: Supporting in-game economies and NFT marketplaces.
- Cross-Platform Integration: Seamless use in Venom’s ecosystem, including VenomWallet, VenomBridge, and more.
Venom’s Mission: A Scalable Future for Web3
The Venom Foundation aims to drive innovation by providing a scalable and adaptable blockchain for developers, businesses, and governments. Its offerings include:
- Fiat-Backed Stablecoins: Paving the way for seamless global transactions.
- CBDC Initiatives: Collaborating with governments to digitize economies.
- Real-World Asset Tokenization: Bridging physical and digital worlds.
- Web3 Applications: Supporting GameFi, DeFi, and NFT projects.
Why Choose Venom?
- Unmatched Scalability: Venom can handle workloads of any size, making it ideal for large-scale platforms and enterprises.
- Innovative Technology: Features like dynamic sharding and Mesh technology ensure high efficiency.
- Real-World Integration: Venom is actively partnering with governments and industries, including its notable digitization project in the Philippines.
- Ecosystem Diversity: From payment solutions to gaming platforms, Venom supports over 30 ready-to-launch Web3 products.
What’s Next for Venom in 2024?
- Ecosystem Expansion: Over 30 new products will launch, enhancing Venom’s utility.
- Gamification Initiatives: Introduction of meme coins and gaming incentives to boost network engagement.
- Global Partnerships: Continued collaborations with governments, developers, and industry leaders.
- Events and Hackathons: Supporting innovation through community-driven initiatives.
Venom is more than a blockchain—it’s a vision for a scalable and inclusive Web3 future. Whether you’re a developer, investor, or enthusiast, Venom offers a unique opportunity to participate in a rapidly growing ecosystem.
To learn more, visit venom.foundation and explore the possibilities of the $VENOM token today!
