🐍💼 Revolutionizing Transactions with Venom 💼🐍
🚀 Let's dive into key features and potential of #VENOM in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Venom, a decentralized blockchain platform, aims to redefine transactions. Powered by its native currency VENOM, it facilitates seamless transaction settlement and network participation, akin to ETH on Ethereum.
2️⃣ Technology and Feature: Venom boasts a virtual machine executing smart contracts, supporting both fungible tokens (TIP-3 standard) and non-fungible tokens (NFTs, TIP-4 standard). Wrapped Venom (WVENOM) simplifies DeFi interactions, offering a comprehensive solution!
3️⃣ Whitepaper Analysis: With its Turing-complete proof-of-stake model and Byzantium Fault Tolerance consensus algorithm, Venom ensures fast, secure, and scalable solutions. Managed by the Venom Foundation, it plans to switch to a deflationary model post-utility surge.
4️⃣ Use Case: VENOM finds practical applications in paying transaction fees, maintaining the network via validators, and supporting validators through DePools staking. It also fuels transactions on Whimsy for real estate share sales!
5️⃣ Team and Leadership: Led by Christopher Louis Tsu (CEO), Faraj Abutalibov (Chief Commercial Officer), and Peter Knez (Chairman), Venom's core team boasts full-stack blockchain and DeFi expertise, driving the project's success!
6️⃣ Partnerships: Venom expands its ecosystem with strategic alliances, welcoming dApps like Everplay, Segmint, and Valicit. The partnership with Iceberg Capital for the Venom Ventures Fund further strengthens its footing!
7️⃣ Security and Audits: With audits by InterFi Network and supply auditing by Bubblemaps, Venom ensures the security and integrity of its smart contracts, DeFi tokens, and NFTs, instilling trust in its users!
8️⃣ Tokenomics: With an inflationary model and an initial max supply of 8 billion and circulating supply of 1.65 billion VENOM tokens, Venom ensures liquidity and utility.
9️⃣ Exchanges: Trade VENOM tokens on popular exchanges like Gate.io, Bybit, Kucoin, MEXC and many more ensuring liquidity and accessibility for users worldwide. Gate.io remains a top choice for Venom enthusiasts!
🔟 Recent Developments: Venom marks milestones with protocol upgrades, 10 million minted NFTs, and a staggering 277 million transactions, showcasing its rapid growth and adoption in the crypto sphere!
1️⃣1️⃣ Conclusion: With a robust ecosystem, strategic partnerships, and continuous developments, Venom emerges as a significant player in the blockchain arena, promising a revolution in transactions and beyond! 🚀💱
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