Venom (VENOM) is the native utility and governance token of the Venom Network, a high-performance blockchain platform designed to support real-world decentralized applications (dApps). Similar to how ETH powers Ethereum or BNB fuels BNB Chain, VENOM serves as the foundational asset within its ecosystem — enabling transaction fees, network security, staking, and decentralized governance.
Built on a multithreaded virtual machine (TVM) and leveraging an actor-based model, Venom Network achieves high throughput and scalability by parallelizing smart contract execution. This architecture allows for asynchronous processing, dynamic sharding, and efficient handling of complex distributed systems — making it a compelling choice for next-generation Web3 applications.
🔍 Key Information About VENOM Token
- Token Name: VENOM
- Blockchain: Venom Network
- Total Supply: 7,200,000,000 VENOM
- Circulating Supply (as of March 2024): 1,836,000,000 VENOM
- Token Standard: Native token (gas), TIP-3 (for wrapped WVENOM in DeFi)
- Primary Use Cases: Gas fees, staking, governance, DeFi liquidity
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💡 Core Use Cases of the VENOM Token
The VENOM token plays a critical role across multiple layers of the Venom Network. Its utility ensures that stakeholders are incentivized to maintain network integrity while actively participating in its growth.
1. Gas Fee Payments
All transactions on the Venom blockchain — including token transfers, NFT minting, and smart contract interactions — require gas fees paid exclusively in VENOM. This creates consistent demand for the token as dApp usage increases.
2. Network Security via Proof-of-Stake
Venom Network uses a Proof-of-Stake (PoS) consensus mechanism where validators must stake VENOM tokens to participate in block validation. The more tokens staked across the network, the more resistant it becomes to attacks like Sybil attacks — where malicious actors attempt to gain control through fake identities.
3. Staking and Delegation (DePools)
Token holders who don’t run validator nodes can still contribute to network security by delegating their VENOM to trusted validators via Delegation Pools (DePools). In return, they earn staking rewards — typically distributed in additional VENOM tokens.
This democratizes participation and encourages long-term holding, reducing circulating supply pressure.
4. Decentralized Governance
Holders of VENOM have voting rights proportional to their stake. They can:
- Submit governance proposals
- Vote on protocol upgrades
- Influence ecosystem development funding
This decentralized decision-making model empowers the community and aligns incentives across developers, users, and investors.
5. Ecosystem Foundation
Like ETH in Ethereum or BNB in BNB Chain, VENOM acts as the backbone of its ecosystem. It's used for:
- Providing liquidity on decentralized exchanges (DEXs)
- Minting and trading NFTs
- Paying for on-chain services such as domain names or storage
As more projects launch on Venom Network, the demand for VENOM is expected to grow organically.
🔄 What Is Wrapped VENOM (WVENOM)?
While native VENOM is used for gas and staking, most DeFi protocols require tokens compatible with smart contracts. That’s where WVENOM comes in.
WVENOM is a TIP-3 standard token — equivalent to ERC-20 on Ethereum — that wraps native VENOM at a 1:1 ratio. It enables seamless integration with DeFi platforms such as DEXs, lending protocols, and yield farms.
For example:
When swapping VENOM for USDT on a decentralized exchange, the process happens automatically:VENOM → WVENOM → USDT
Users don’t need to manually wrap tokens — this conversion occurs behind the scenes.
At any time, users can unwrap their WVENOM back into native VENOM without loss of value.
📊 VENOM Tokenomics: Supply and Distribution
The total supply of VENOM is capped at 7.2 billion tokens, with a carefully structured distribution plan to ensure long-term sustainability and fair allocation.
Total Token Allocation
| Category | Percentage | Tokens Allocated | Unlock Schedule |
|---|---|---|---|
| Community Incentives | 22% | 1,584,000,000 | 10% after TGE, 6-month cliff, linear vesting over 90 months |
| Ecosystem Development | 28% | 2,016,000,000 | 10% after TGE, 6-month cliff, linear vesting over 90 months |
| Foundation | 15% | 1,080,000,000 | 24-month cliff, linear vesting over 72 months |
| Early Backers | 7.5% | 540,000,000 | 12-month cliff, linear vesting over 48 months |
| Public Sale | 0.5% | 36,000,000 | 100% unlocked at TGE |
| Market Liquidity | 10% | 720,000,000 | 100% unlocked at TGE |
| Validators | 10% | 720,000,000 | 100% unlocked at TGE (locked in staking) |
This gradual release mechanism prevents market flooding and supports price stability during early stages of adoption.
Inflationary Model with Deflationary Potential
Currently, VENOM follows an inflationary emission model, meaning new tokens are introduced over time to reward validators and participants. However, the team plans to implement a transaction fee burn mechanism that could eventually make the token deflationary — ensuring that total supply never exceeds 7.2 billion.
This hybrid approach balances short-term incentives with long-term scarcity.
💰 Fundraising and Initial Exchange Offering (IEO)
Venom conducted its public fundraising through an IEO on Gate.io’s Startup platform:
- Date: March 25, 2024
- Price per Token: $0.16
- Tokens Sold: 468,750
- Amount Raised: $75,000
- Unlock Schedule: 100% at Token Generation Event (TGE)
While the initial raise was modest in scale, it marked a key milestone in community-driven funding and set the stage for broader exchange listings.
🔎 Frequently Asked Questions (FAQ)
Q: Where can I buy VENOM tokens?
A: VENOM is listed on several major exchanges including OKX, Bybit, MEXC, Gate.io, and Poloniex. Always verify the correct contract address before purchasing.
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Q: Is VENOM a good investment?
A: As with any cryptocurrency, investment potential depends on adoption, ecosystem growth, and market conditions. With strong fundamentals — including scalable architecture, active staking rewards, and clear tokenomics — VENOM may appeal to long-term investors focused on infrastructure projects.
Q: How do I stake VENOM?
A: You can stake VENOM by becoming a validator or delegating to one via DePools. Wallets like Venom Wallet support direct delegation with user-friendly interfaces.
Q: What makes Venom Network different from other blockchains?
A: Its multithreaded virtual machine (TVM) allows true parallel execution of smart contracts — a rare feature that enhances speed and efficiency. Combined with dynamic sharding and low-latency finality, this gives Venom an edge in scalability without sacrificing decentralization.
Q: Can I convert WVENOM back to VENOM?
A: Yes — WVENOM can be unwrapped into native VENOM at any time through supported wallets or DeFi platforms. The conversion is always 1:1.
🚀 Final Thoughts: The Future of Venom Network
Venom Network stands out in the crowded blockchain landscape due to its technical innovation and practical focus on real-world dApp deployment. With a robust token economy backed by strategic allocations and a clear roadmap toward deflationary mechanics, VENOM has the potential to become a core player in the next phase of decentralized computing.
As developer activity grows and more DeFi and NFT projects migrate to the network, demand for VENOM is likely to increase — driven by both utility and speculative interest.
Whether you're a developer building scalable dApps, an investor evaluating emerging ecosystems, or a crypto enthusiast exploring staking opportunities, Venom offers a compelling combination of performance and participation.
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