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Venice Tokens (VVV) Airdrop- Participation Guide!

By Tiera Cowden

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Reviewed by: Tiera Cowden

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Venice Tokens (VVV) Airdrop

The Venice platform has decided to airdrop free VVV tokens to eligible users who have had an active account since October 1, 2024, and have collected a minimum of 30 points. The airdrop distribution is open till March 13, 2025, before which you can claim them. Holders of AI-related tokens on Base, such as Virtuals, Aerodrome, Degen, and others will also be distributed VVV tokens during this airdrop period. 

50% of the total supply of VVV tokens is set aside for airdrop, which is distributed to two main segments of users: 25 million VVV tokens designated for Venice platform users, while another 25 million VVV tokens are allocated to participants in the crypto and AI ecosystem on Base.

Keep reading this article to learn more about VVV tokens and the ways to claim free VVV tokens during the airdrop. 

How to Participate in the Venice Tokens (VVV) Airdrop?

There are two types of users eligible to claim VVV tokens during the airdrop: free users and pro users. Free users have a minimum of 30 points earned and active accounts since October 1st, 2024. On the other hand, pro users have the same point requirement and should have an active account status.

Venice Crypto Token

To participate in the Venice Tokens (VVV) Airdrop you have to first connect a cryptocurrency wallet to the Venice Airdrop page and deposit enough amount of Base ETH to cover the transaction fees.

Step-by-Step Claiming Process for Free Users

  1. Visit the Venice token dashboard.
  2. Connect your wallet to the platform.
  3. Upgrade your account to Pro status.
  4. Move to the airdrop claiming section.
  5. Verify your eligibility and point balance on the Venice platform.
  6. Confirm the transaction to claim your share of the VVV tokens.

Step-by-Step Claiming Process for Pro Users

  1. Go to the Venice token dashboard.
  2. Connect a compatible wallet to the Venice dashboard.
  3. Verify your Pro status and point balance.
  4. Select the claim option on the Venice dashboard. 
  5. Confirm the transaction to receive your VVV tokens in your wallet. 

Staking of VVV Tokens

You can stake the VVV tokens you have received as an airdrop to increase your passive earnings. Staking is highly beneficial for users. Users can gain proportional access to Venice’s API capacity based on the number of VVV tokens staked. For example, staking 1% of the total VVV supply grants you access to 1% of the Venice platform’s total API capacity. This access is valid for an indefinite period while your tokens are staked.

Moreover, Crypto staking also entitles users to earn emissions-based yields, effectively making the cost of API usage negative when considering the staking rewards. This mechanism creates a sustainable model for both users and the Venice platform.

Here are the steps to be followed to stake VVV tokens. 

  1. Navigate to the staking section on the Venice platform.
  2. Choose the amount of VVV tokens you wish to stake on the Venice platform.
  3. Approve the token spending and confirm the staking transaction on the Venice platform.
  4. After the staking activity is approved, start accessing your share of Venice’s API capacity. 

VVV Tokenomics

The total supply of VVV tokens is 100 million of which 50 million are set aside to be allocated as airdrop. Tokenomics is designed in such a way that every user gets an equal opportunity to claim VVV tokens. During token claims, a gas fee needs to be paid. Sometimes it varies from time to time, according to the activity level on the network. VVV tokens provide utility to the users as staking helps users acquire a share of the inference capacity of the tokens. As the value of the inference capacity increases, users will receive a larger value for their VVV tokens through staking.

VVV token distribution is in the following manner:

  1. Airdrop: 50 million VVV (50%)
  2. Operational and development purposes of Venice.AI: 35 million VVV (35%)
  3. Team: 10 million VVV (10%) 
  4. Venice Incentive Fund: 10 million VVV (10%)
  5. Liquidity Deployment: 5 million VVV (5%)

The Bottom Line

Venice platform’s VVV airdrop is an opportunity for you to engage with an AI-based cryptocurrency platform and earn free tokens. You also have a chance to increase your token earnings by staking the VVV tokens. The platform is a secure and private platform for every user to access Venice API at zero cost. So check your eligibility and claim VVV tokens as soon as possible. 

Tiera Cowden

British crypto writer and professional investor. Analyses digital asset markets and blockchain developments. Provides insights on cryptocurrency trends and investment strategies.

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