Venice Token

This is the utility token of the Venice AI platform, which provides private and uncensored access to generative AI models (text, images, video, code, audio). Holders stake VVV and receive a proportional share of API bandwidth without per-minute billing; from locked stake tokens (sVVV), users can mint DIEM, a separate token that grants a fixed amount of daily AI credits. This two-token design makes computing costs predictable and fully on-chain. The project operates on the Base network (Ethereum L2, OP Stack) and prioritizes privacy: prompts and responses are stored locally in the browser, not on servers. The genesis issuance occurred on January 27, 2025.

Venice Token was created to power the economy of the Venice AI network - a platform offering an alternative to centralized services like ChatGPT: no censorship, data collection, or mandatory registration. The token is used to pay for computing power, reward node operators, and facilitate governance through Venice DAO (holders vote on models, emission parameters, and fund allocation).

What Makes It Unique

The main differentiator is the two-token model VVV+DIEM, where staking grants API access rights, and DIEM serves as a tokenized daily credit ($1 per day for computing). This sets it apart from competing projects in the decentralized AI sector:

• Bittensor (TAO) - focused on a marketplace for model training (Yuma consensus, emission with halvings), not on a private interface.
• Akash Network (AKT) and Render (RNDR) - provide raw GPU resources but do not specialize in user anonymity or built-in ZK proofs.
• Morpheus (MOR) - also a stake-for-pro-rata model, but multi-chain (Ethereum/Arbitrum/Base), without a tokenized credit instrument.

Venice AI additionally integrates ZK proofs (Venice 2.0, October 2025), allowing model verification without revealing the request to the node, enhancing privacy.

Venice Token Features

Technical Information

The token exists on the Base network as an ERC-20 (contract: 0xacfE6019Ed1A7Dc6f7B508C02d1b04ec88cC21bf). The staking proxy sVVV is 0x321b7ff75154472B18EDb199033fF4D116F340Ff, and the DIEM contract is 0xf4d97f2da56e8c3098f8a3d538db630a2606a024. Base is an EVM-equivalent L2 built on the OP Stack Optimistic Rollup. Blocks are formed approximately every 2 seconds; finality on L2 is nearly instantaneous, while withdrawal to L1 occurs after a challenge window (7 days). Security is inherited from Ethereum L1.

Key upgrades:

• Venice 2.0 (October 5, 2025) - integration of ZK proofs for private inference; smart contracts audited by Spearbit and Code4rena.
• VGP-12 (March 20, 2026) - introduction of a permanent mechanism to burn 15% of computing fees.
• Emission reduction series: from 6M → 5M (May 1, 2026), 5M → 4M (June 1, 2026), 4M → 3M (July 1, 2026) tokens per year.

Tokenomics

Genesis supply - 100,000,000 VVV. Distribution at TGE (January 27, 2025): 50% for airdrop (25% to users, 25% to crypto×AI protocols), 35% reserve for Venice.ai company (including a team grant of 10M VVV with 25% at launch and linear vesting of the remainder over 24 months), 10% incentive fund (developer grants), 5% for liquidity development. On March 12, 2025, unclaimed airdrops (approximately one-third of the genesis supply) were burned; simultaneously, a buyback-and-burn of 1% of the circulating supply was conducted. Since November 2025, a regular program to buy back VVV with platform revenue and burn it (TWAP on Aerodrome/Cow) has been launched. After all burns, the total supply is approximately 80.53 million VVV, with a circulating supply of approximately 47.21 million (July 2026).

Staking VVV yields sVVV (1:1, non-transferable); unstaking has a cooldown period. If sVVV is locked to mint DIEM, the base yield shifts: 80% goes to the locker, 20% to Venice, while the position is locked. This mechanism incentivizes long-term platform commitment.

Security VVV

The VVV and DIEM smart contracts underwent an audit by Trust Security in Q1 2025: 2 high and 4 medium vulnerabilities were found - all fixed, 1 low accepted. Venice maintains a public bug bounty program with rewards in USDC and VVV (web application and smart contracts). In October 2025, after audits by Spearbit and Code4rena, potential issues in the ZK infrastructure contracts were identified and fixed.

Known incidents:

• October 12, 2025 - temporary liquidity disruption on Base due to incorrect configuration of an incentive contract (VGP-08). A patch was deployed within 48 hours.
• Community reports of phishing scams targeting VVV holders; it is recommended to revoke approvals. Sending tokens directly to the contract address (ERC-20 without a rescue function) leads to irreversible loss.

There are no official OFAC sanctions or blocks against the token. The project adheres to a permissionless access policy, which has led to its exclusion from regional interfaces in jurisdictions with aggressive AI censorship.

Where to Trade

Primary liquidity is concentrated on decentralized exchanges on the Base network: Aerodrome Finance (VVV/WETH and VVV/USDC pairs) and Uniswap v3 on Ethereum mainnet. Among centralized exchanges, the token is available on Gate.io, MEXC, and Bitget (listing after TGE). Major US platforms (Coinbase, Kraken) have not yet added VVV, which is attributed to its privacy focus and complex regulatory compliance profile.

CEX exchanges: Gate, Coinbase Exchange, Kraken, LBank, Bybit, KuCoin, MEXC, Crypto.com Exchange.

All-time high - $22.58 (Jan 27, 2025), drawdown from ATH -47.49%. All-time low - $0.91975 (Dec 1, 2025).

Aggregator Listings

• CoinGecko rank: 92
• CoinMarketCap rank: 70
• Finkonkurs rank: 89

Investors and Funds

The first external funding round was a Series A, announced on July 1, 2026. Dragonfly acted as lead investor, allocating $65 million at a post-money valuation of $1 billion. The round also included Coinbase Ventures, North Island Ventures, and others (names undisclosed). Investors received 8.98% of company shares, a grant of 1.5 million VVV (with vesting), and warrants to purchase up to 5 million additional VVV over eight years (tokens subject to a one-year lock-up followed by a three-year linear unlock). Previously, before TGE, private rounds included Polychain Capital and other crypto funds (amounts undisclosed; no public token sales recorded).

Key Partnerships and Ecosystem

• Morpheus - strategic partnership announced in January 2026, aimed at integrating Morpheus's decentralized computing resources into Venice's private inference.
• OpenClaw - Venice AI is the recommended private model provider for this open-source autonomous agent platform (acquired by OpenAI).
• BitGo and Anchorage Digital - custodial services for VVV, added in early 2025, allowing institutional clients to store tokens.
• Base ecosystem airdrop - 25 million VVV distributed among AI and crypto project communities within the Base ecosystem.

Potential

• DeAI sector growth - the decentralized AI market is growing as regulatory pressure on centralized services intensifies; private, uncensored solutions are in demand.
• Deflationary model - decreasing emission combined with a buyback-and-burn program (platform revenue) creates conditions for reducing inflationary pressure as user activity grows.
• Agent integration - the partnership with OpenClaw opens access to a rapidly growing audience of autonomous AI agents.
• Liquidity and staking - high volume of locked sVVV and DIEM confirms long-term holder commitment; outflows from CEX to self-custody indicate trust in the project.
• Resilient team - founders with experience in cryptocurrencies, political regulation, and infrastructure startups.

Risks [Identified by Finkonkurs AI Analytics System]

• Regulatory - the SEC has not filed formal claims, but the decentralized governance model is under periodic review. In South Korea, the FSC included VVV on a monitoring list in May 2026. The EU AI Act and MiCA requirements may impact the use of ZK proofs. The project is excluded from interfaces in some jurisdictions due to its permissionless access policy.
• Ownership concentration - the top 100 addresses control approximately 65% of the circulating supply; a significant portion is held by the Venice Foundation and early contributors, creating manipulation risks.
• Technical risks - dependence on Base sequencer centralization (phased decentralization not yet complete); contract failures (VGP-08 incident); user errors when sending to the contract address. Phishing attacks on VVV holders.
• Competition - strong projects with their own tokenomics in DeAI (Bittensor, Morpheus, Akash), potential emergence of more privacy-focused solutions.
• Economic risks - low liquidity on CEX may lead to high volatility; the buyback program depends on platform revenue, the volume of which is not guaranteed.

Related Individuals

• Erik Tristan Voorhees - Founder and CEO. Previously founded SatoshiDice (2012, later settled SEC claims), ShapeShift (2014, decentralized exchange). In the crypto industry since 2011. Defines the overall concept of private AI, tokenomics, and handles public communications.
• Jesse Proudman - Co-founder, President, and CTO. Serial entrepreneur with 25+ years of experience, founded Makara (acquired by Betterment), Strix Leviathan, and Bluebox (acquired by IBM). Responsible for technical architecture, infrastructure, Open Source model integration, and API development.
• Teana Baker-Taylor - Co-founder and COO. Previously Vice President of Policy and Regulatory Strategy EMEA at Circle (issuer of USDC), worked at HSBC, Citigroup, Crypto.com, Binance, and served as Chief Policy Officer at the Chamber of Digital Commerce. Handles operations, regulatory compliance strategy, and partnerships.

The legal entity is Venice.ai, registered in Wyoming (USA). The founders are also listed in MiCA documents and the Kraken filing.

Contests, Activities, and Hackathons on Our Platform

No contests, hackathons or marketing activities for this token have been published on Finkonkurs yet. New activities will appear here automatically once the team or partners launch them.

WhitePaper

The whitepaper describes the mechanism of the two-token model (VVV + DIEM), staking for compute access, emission, TGE distribution, buyback and burn program, and the goals of private AI inference. Link: not publicly available.