Venice is a popular generative AI platform that was launched in May 2024 by Erik Voorhees, a prominent name in the crypto space. The project has recently announced its addition to the Base network along with the airdrop campaign.
The addition of the VVV token to the Base network enhances the visibility and credibility of the token. The platform has also confirmed the airdrop of its VVV tokens. This helps interested investors grab some free tokens through active participation.
Currently, the project has over 450,000 registered users. There are over 50,000 active daily users on the platform and more than 15,000 interface requests every hour. The mission of the project is to offer uncensored, private, and open-source AI experience for both technical and non-technical users.
The major focus is to reduce surveillance and control within AI interactions. If you want to know more about the recent addition of the network and the airdrop, we will guide you through all the major details.
The Listing of the VVV tokens in the Layer-2 Base Network of Ethereum
Venice focuses on privacy and has launched its VVV token on the layer-2 Base network of Ethereum. They introduced their VVV tokens in January 2025 to tackle the concerns related to AI control, data privacy, and censorship. As per the reports, just 2 hours after the VVV launch, it has attained a diluted valuation of more than $1 billion.
The current FDV of the token is $1,644,752,372. The 24-hour trading volume while writing this has escalated to 149.90% within 24 hours. This indicates the growing interest in the market towards the project. During the token launch of the project, it allocated 25 million tokens to over 100,000 registered users along with 25 million tokens to an AI protocol account within the Base blockchain.
This includes AI agents like Aixbt, Luna, and VaderAI. Out of the 25 million tokens set aside for Venice, 10 million is allotted to the team, 10 million for incentive funds, and 5 million for liquidity pools.
The token model allows the holders to stake their VVV tokens to access its Application Programming Interface, granting perpetual access to the AI interface. The reward is determined by the amount of staked tokens. The 1% staked tokens guarantee 1% of the API capacity of Venice. Token holders can benefit from the ongoing API access without any extra charges as the demand for the token escalates.
Staking the tokens can unlock advanced features that connect directly to the increasing Application Programming Interface (API) capacity of the platform. The plan for the Venice platform is to add 14 million tokens every year. The inflation rate starts at 14%, this can decrease based on the demand over time.
Venice Airdrop: Grab your free VVV tokens
Airdrops are the glowing crypto opportunities that any crypto enthusiasts wouldn’t want to miss. Who doesn’t like some free tokens that could diversify their crypto holdings? The Venice airdrop is currently the talk of the town as the project has recently gained attention with its $1 billion FDV within two hours of the token launch.
Out of the 100 million total supply of tokens, 50% is allotted to airdrops. 35% goes to the company and the rest to liquidity and incentives. So brace yourself to take advantage of this airdrop opportunity. Check out the step-by-step process of participating in the Venice Airdrop:
Step 1: You should visit the Venice Airdrop Dashboard and connect your wallet.
Step 2: Check for eligibility. You can check if your wallet is included in the 31 December 2024 snapshot. The eligibility might require the holding of $VIRTUALS and $AIXBT tokens.
Step 3: You can stake your claimed tokens to unlock the free API access. This will enable you to earn emissions-based rewards.
Reminder: Eligible participants need to claim their VVV tokens within the 45-day window. This will be ending on March 13, 2025.
Token Distribution of VVV Tokens
Here is the token distribution of the VVV tokens:
- 50M VVV (50%): Airdroped to the Venice Users and AI community on the Base.
- 35M VVV (35%): Granted to the Venice.ai company.
- 10M VVV (10%): Incentive Fund.
- 5M VVV (5%): Liquidity Development.
Final Thoughts on Venice
Venice platform caters privacy-focused approach that sets it apart from other AI platforms. The collected user data is locally stored and encrypted during the transmission process. This offers better control and security to the platform.
Venice focuses on a decentralized model with a focus on privacy and user interaction ability without the control and surveillance of AI while most of the other AI platforms rely on centralized authority.
The Venice platform is attracting a growing user base due to its smart alternatives to traditional AI systems. The innovative token allocation model of VVV tokens makes it a key player in both the AI and blockchain space.
The project is determined to address the challenges of the current centralized AI landscape. The tokens are currently available on major decentralized exchanges within the Base ecosystem.
