Venom (VENOM)
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About VENOM
Venom (VENOM) is the native token of the Venom blockchain, a Layer 0 and Layer 1 hybrid infrastructure designed to enable scalable, secure, and interoperable Web3 applications. Built with a focus on institutional adoption, regulatory compliance, and developer flexibility, Venom aims to serve both enterprise and consumer use cases across DeFi, payments, asset tokenization, and digital identity. Venom features a multi-threaded, asynchronous architecture based on the Threaded Virtual Machine (TVM), allowing it to process thousands of smart contract executions and transactions in parallel. Its dynamic sharding model ensures scalability without compromising finality or user experience. Venom also incorporates built-in tools for KYC, AML, and compliance, making it suitable for enterprise integration and regulated financial products. VENOM is the native utility token used for transaction fees, validator staking, and governance. It plays a vital role in the economic security of the network and is also used to incentivize participants in dApps and infrastructure services. The Venom blockchain is designed to be modular and extendable, allowing developers to deploy EVM-compatible contracts or build native apps using the TVM environment. The ecosystem includes a decentralized exchange (Venom Bridge), NFT and identity frameworks, and integrations with both institutional and public blockchains. Venom is currently in the early stages of its network launch. As of now, core infrastructure is operational, but some key features, including third-party integrations and a mature ecosystem of dApps, are still in development.
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Frequently Asked Questions about Venom
What is the Venom blockchain?
Venom is a scalable, multi-threaded Layer 0 and Layer 1 blockchain built for institutional and consumer-grade Web3 applications. It features native compliance tools, high throughput, and flexible smart contract environments.
Where can I buy VENOM tokens?
VENOM tokens can be purchased on supported cryptocurrency exchanges, including OKX, MEXC, Gate.io, Bybit, and KuCoin.
Where can I store VENOM tokens?
VENOM tokens can be stored in the official Venom Wallet, available as a browser extension and mobile app. The wallet supports staking, transaction signing, and dApp interaction. Wrapped Venom can be stored in Ethereum wallets like Bitcoin.com Wallet or MetaMask.
What is VENOM used for?
VENOM is used for paying network fees, staking, validator rewards, governance, and participating in the Venom ecosystem’s services, including DeFi and NFT platforms.
Is Venom EVM-compatible?
Venom supports both TVM (Threaded Virtual Machine) and EVM (Ethereum Virtual Machine) environments, enabling developers to deploy familiar smart contracts or build high-performance native apps.
How does Venom ensure scalability?
Venom uses dynamic sharding and asynchronous processing to enable parallel execution of transactions and smart contracts, significantly improving throughput and responsiveness.
Does Venom support compliance features?
Yes. Venom includes native tools for KYC, AML, and other compliance requirements, making it suitable for enterprise-grade and regulated blockchain applications.
How can developers integrate with Venom?
Developers can integrate with Venom using its SDKs, APIs, and smart contract platforms (TVM or EVM). Detailed documentation is available on docs.venom.foundation.