We are excited to introduce Venom's comprehensive roadmap, detailing our vision for the future of the cryptocurrency ecosystem. Our strategic plan is designed to propel Venom to new heights, encompassing the development, launch, and expansion phases that will solidify our place in the crypto world. Key features such as the wallet and trading bots undergo rigorous testing, leading up to the official launch. Exciting integrations like cryptocurrency mining and NFT support are on the horizon. Dive into our roadmap and join us on this journey towards groundbreaking innovation in the crypto space.

Venom's Roadmap: A Strategic Blueprint for the Future

Venom's roadmap outlines a strategic plan for the development, launch, and expansion of its cryptocurrency ecosystem. The roadmap includes phases for the development and testing of key features such as the wallet and trading bots, as well as the official launch and expansion of the ecosystem to support additional cryptocurrencies. It also includes plans for the integration of cryptocurrency mining features and the exploration of NFT support.

Key Phases of Development

1. Development and Testing: This phase focuses on building and rigorously testing the core components of the Venom ecosystem, including the wallet and trading bots. Ensuring these features are robust and secure is crucial for the success of the platform.

2. Official Launch: Following successful testing, Venom will officially launch its ecosystem. This milestone will mark the beginning of Venom's journey in the cryptocurrency market, offering users a secure and efficient platform for their digital asset needs.

3. Expansion and Integration: Post-launch, Venom plans to expand its ecosystem to support additional cryptocurrencies. This phase also includes the integration of cryptocurrency mining features and the exploration of NFT support, broadening the scope and utility of the Venom platform.

Venom Token: Purpose and Utility

The VENOM crypto token is the native currency of the Venom blockchain, similar to how ETH is the native currency of the Ethereum blockchain. It serves multiple purposes, including paying transaction fees to maintain the network by validators, securing the network through proof-of-stake mechanisms, and supporting validators by network participants through DePools staking. The Venom blockchain is designed to handle interactions between accounts more effectively than EVM-based networks, allowing for greater parallelism and reduced delays.

Key Features and Benefits

1. Transaction Fees: VENOM is used to pay transaction fees on the Venom blockchain, which helps maintain the network and compensate validators.

2. Network Security: The token is also used to secure the network through a proof-of-stake mechanism. Network participants can support validators via DePools staking, which helps maintain the network's integrity and decentralization.

3. Investment in Web3 and Blockchain Firms: The Venom Foundation has launched a $1 billion fund to invest in Web3 and blockchain firms, indicating the token's role in the broader Web3 ecosystem.

4. Community Allocation: 22.0% of the tokens will be allocated towards the community, which is likely to be an airdrop to early users.

5. Staking: The Venom Foundation offers a secure solution for staking VENOM tokens, enabling users to maximize rewards.

6. NFT Marketplace: The Venom blockchain hosts a unique NFT marketplace where users can trade digital assets.

7. Interchain Transactions: The Venom blockchain supports interchain transactions, allowing for seamless transfer of tokens from one chain to another.

8. Decentralized Applications (dApps): The Venom ecosystem hosts a variety of decentralized applications, providing a platform for developers to build innovative solutions.

Tokenomics and Distribution Model

The VENOM token is the native currency of the Venom blockchain, similar to how ETH is the native currency of the Ethereum blockchain. The smallest transferable VENOM unit is Nano VENOM, and it has practical uses such as paying for transaction fees to maintain the network by validators, securing the network through POS mechanisms, and supporting validators by network participants through DePools staking.

Inflationary Model

The Venom blockchain has an inflationary model, meaning no fixed maximum supply of tokens exists. However, the Venom Foundation is exploring ways to transition to a deflationary model. One possible way to transition to a deflationary model is through part of the transaction fee burning, which permanently removes certain tokens from circulation by sending them to an address with no known private key, rendering them unusable.

Token Distribution

The VENOM token distribution is as follows:

• Ecosystem: 28% (2.80% unlocked, 25.2% locked)
• Community: 22% (2.20% unlocked, 19.8% locked)
• Foundation: 15% (locked)
• Validators: 10% (10.00% unlocked, 0% locked)
• Market Liquidity: 10% (10.00% unlocked, 0% locked)
• Early Backers: 7.50% (0% unlocked, 7.50% locked)
• Team: 7.00% (0% unlocked, 7.00% locked)
• Public: 0.50% (0.50% unlocked, 0% locked)

The total supply of VENOM tokens is 7.20 billion, with 35.60 million unlocked at the initial token generation event (TGE).

Team Behind Venom

The Venom Foundation is the team behind the VENOM crypto token. The core team members include:

1. Christopher Louis Tsu: Although specific information about his background and expertise is not provided, he is listed as a team member of the Venom Foundation.

2. Faraj Abutalibov: Similarly, specific details about Faraj Abutalibov's background and expertise are not provided. However, he is also listed as a team member of the Venom Foundation.

3. Peter Knez: Peter Knez is the former Chief Investment Officer (CIO) of BlackRock and is currently managing the $1B Venom Ventures fund, which aims to accelerate the growth of the Venom ecosystem.

4. Ari Last: Ari Last is not directly mentioned in the search results, but the Venom Foundation's LinkedIn page lists him as a team member.

The Venom Foundation is on a mission to onboard a billion users onto the blockchain by 2026, focusing on user onboarding, security and compliance, and funding and management. The foundation operates under the license of ADGM, ensuring a secure and compliant ecosystem for global developers and users, powered by Venom's Layer 0 blockchain. The Venom Ventures fund, managed by Peter Knez, was established to accelerate the growth of the Venom ecosystem. The foundation also aims to build a blockchain that functions as the main infrastructure for a global ecosystem of Web3, with ultra-fast transaction speeds and infinite scalability to meet the demands of an ever-expanding user base.

Market Data and Performance

Coin Statistics

• Current Price: $0.0713
• Market Cap: $0.00
• 24h Price Change: -24.29%
• 7d Price Change: -