Venom potential airdrop :-

The innovative layer-0 blockchain platform Venom Foundation wants to create a decentralised [WEB3 ]global economy powered by financial systems powered by blockchain technology. Situated as a recent entrant in the financial app chain industry, it presents real-world assets (RWA) through blockchain technology, offering unmatched transparency. Fully compliant with Abu Dhabi’s financial authorities, Venom Foundation’s architecture is based on a modular blockchain that includes its unique Threaded Virtual Machine (TVM). This unique approach uses dynamic sharding and an asynchronous communication model to enable smart contract execution.

Venom blockchain differentiates itself from conventional EVM-based networks by encouraging greater parallelism, reducing latency, and optimising account interactions. Validators adjust during periods of high network traffic by creating parallel groups and carrying out transactions via “split events.” This proactive approach ensures that the network will continue to operate smoothly and effectively even during periods of high demand. Venom Foundation is poised to revolutionise the decentralised finance space by serving as the framework for the next wave of digital services and goods.

Venom foundation total funding raises:-

Venom Foundation, a layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market, and investment manager Iceberg Capital have partnered to launch a $1 billion venture fund, the two firms announced in few days ago.

Venom native token ?

The official confirmation of Venom’s native token, $VENOM, has been made. It facilitates transactions, aids in network maintenance, and pays validators among its many purposes. Furthermore, $VENOM is essential to the network’s security because it has a proof-of-stake mechanism that allows users to stake for DePools and support validators.

As stated in the whitepaper, the $VENOM token has an approximate yearly inflation rate of 1% and is based on an inflationary model as opposed to a fixed maximum supply. However, the Venom Foundation is actively looking into ways to move in the direction of a deflationary model in the upcoming years.