Through a partnership with Iceberg Capital, the Venom Ventures Fund has allocated $1 billion to support Web3 protocols and decentralized applications (dApps), particularly those focused on payments and asset management.
The network has a maximum supply of 8 billion tokens, with approximately 22% allocated to the community and 28% to the broader ecosystem to incentivize long-term growth. WIB3X - Venom
Users pay "gas" in VENOM to execute transactions. Staking VENOM in "DePools" secures the network via a Proof-of-Stake (PoS) mechanism, rewarding participants with passive income. Through a partnership with Iceberg Capital, the Venom
Venom is notably the first Layer-1 blockchain to be licensed by the Abu Dhabi Global Market (ADGM), providing a legal framework that appeals to governments and financial institutions. Staking VENOM in "DePools" secures the network via
A defining characteristic of the Venom Foundation is its focus on and institutional adoption.
The serves as the lifeblood of this infrastructure, acting as the primary utility for transaction fees, staking, and governance.