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Venom (VENOM)

Last updated: Jun 23, 2023

Venom is a Layer 0 blockchain built for the masses. The asynchronous blockchain building a more connected future. Secure by design, scalable by nature.

Foundation: $1B venture fund

Testnet: tasks

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Overview

Project industry	Blockchain Infrastructure
Product type	Technology
Founded	United Arab Emirates
Whitepaper	Open

What is Venom

Venom is a multi-blockchain network serving as the basis for scalable Web3 applications in the DeFi and Global Payments markets. Venom blockchain offers scalable solutions for transactions through its sharding protocol and allows for future economic scalability by enabling the running of community-built subchains. This open and transparent ecosystem welcomes participation from all members.

Venom provides a virtual machine that executes smart contract code on the Venom blockchain. It is a Turing complete virtual machine like EVM but it is considerably different. Smart contracts in Venom give new, more flexible, and controlled flow over the execution of application logic. You can start building smart contracts with Solidity using our toolchain and development guides.

Details

Pre-sale token supply: 540,000,000 VENOM
Token supply: 7,200,000,000 VENOM
Total tokens for sale: 576,000,000 VENOM

Legal

Registration country: United Arab Emirates
Registration year: 2020

Office address: 2462 ResCowork01, 24th Floor, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.

Token info

Ticker: VENOM
Type: Utility-token
Token distribution:
22% - Community
28% - Ecosystem
15% - Foundation
7,5% - Early Backers
7% - Team
0,5% - Public
10% - Market Liquidity
10% - Validators

Venom Roadmap

Stage 0. PoA Launch

Create accounts, hold, and transfer tokens
Stake and claim tokens to validators
Deploy and use smart contracts and dApps
Interact with the venom Ecosystem
The network is stable and functioning well
The target number of tokens held by developers and users has been achieved
A sufficient number of applications from validators have been collected

Stage 1. PoS and Governance

Delegate tokens to support community validators
Participate in the grant program for developers. Propose and vote on network upgrades
The target number of community validator nodes and stakes has been achieved. The community governance structure has been launched and functioning well

Stage 2. Workchains and Interoperability

Use the Workchain framework to create custom workchains
Participate in the grant program for workchains
Take advantage of the cross-workchain communication protocol.
The Workchain framework has been released
The first Workchain has been run
• Message passing between workchains has been achieved.After the launch workchains, the Launch Phase was complete, and the Venom blockchain moved into the phase typically called the Continuous Development Phase