Venice
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𝗪𝗵𝗮𝘁'𝘀 𝘁𝗵𝗲 𝗯𝘂𝘇𝘇 𝗮𝗿𝗼𝘂𝗻𝗱 𝗩𝗲𝗻𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘁𝘀 𝘁𝗼𝗸𝗲𝗻 𝗩𝗩𝗩?
@AskVenice is a generative AI application similar to #chatgpt .
Yesterday, #Venice launched its token, $VVV, and it has already surpassed $1B in FDV.
It has a total supply of 100M, with 50% of tokens distributed to users of Venice AI and several top AI agent token holders like #VIRTUAL , $LUNA , $VADER, etc.
The hype is so big that Coinbase has already listed it.
But just like everything, #VVV has caught some negative attention too.
30 minutes ago, #Aerodrome suspended 2 contributors for insider trading activity during the VVV launch.
As we know, AI tokens have been in a downtrend since the start of this year, and maybe VVV launch could revive the hype again.
@AskVenice is a generative AI application similar to #chatgpt .
Yesterday, #Venice launched its token, $VVV, and it has already surpassed $1B in FDV.
It has a total supply of 100M, with 50% of tokens distributed to users of Venice AI and several top AI agent token holders like #VIRTUAL , $LUNA , $VADER, etc.
The hype is so big that Coinbase has already listed it.
But just like everything, #VVV has caught some negative attention too.
30 minutes ago, #Aerodrome suspended 2 contributors for insider trading activity during the VVV launch.
As we know, AI tokens have been in a downtrend since the start of this year, and maybe VVV launch could revive the hype again.
🚀#Binance Futures lists VVVUSDT perpetual trading with 25x leverage.
🚀#Venice AI token VVV price plunged by over 30% today following controversy around the project
👉Binance Futures launched VVVUSDT perpetual trading earlier today. Traders can access this new financial instrument with up to 25x leverage from Jan 29, 2024. As the hype around the Venice AI’s VVV token increases, Binance took this opportunity to add a new perpetual trading product to its list.
The maximum funding rate of the VVVUSDT perpetual contract is +2.00% / -2.00% on Binance. And, the funding fee settlement takes place every four hours. Users can trade the VVV perpetual contracts using different assets, such as Bitcoin, as margin. However, Binance Futures specifications may change based on the market risk conditions.
🚀#Venice AI token VVV price plunged by over 30% today following controversy around the project
👉Binance Futures launched VVVUSDT perpetual trading earlier today. Traders can access this new financial instrument with up to 25x leverage from Jan 29, 2024. As the hype around the Venice AI’s VVV token increases, Binance took this opportunity to add a new perpetual trading product to its list.
The maximum funding rate of the VVVUSDT perpetual contract is +2.00% / -2.00% on Binance. And, the funding fee settlement takes place every four hours. Users can trade the VVV perpetual contracts using different assets, such as Bitcoin, as margin. However, Binance Futures specifications may change based on the market risk conditions.
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Venice developers distributed 25% of VVV tokens among 100,000 users
The platform #Venice , launched in May 2024, announced the distribution of 25% of its total VVV tokens among more than 100,000 users. This was made possible by an airdrop aimed at incentivizing early participants and developing the AI agent ecosystem.$BTC
Токен VVV создан для снижения экономических барьеров при использовании искусственного интеллекта (ИИ). Staking VVV allows users to have continuous access to the Venice API without additional costs for each request. This is especially useful for developers and AI agents who require scalable access to text, image, and code generation.
Токен VVV создан для снижения экономических барьеров при использовании искусственного интеллекта (ИИ). Staking VVV allows users to have continuous access to the Venice API without additional costs for each request. This is especially useful for developers and AI agents who require scalable access to text, image, and code generation.
Investing in Venice Token: Opportunities and Risks
Investing in Venice Token, the native cryptocurrency of the Venice Finance platform, presents both promising opportunities and notable risks.
Opportunities:
Governance Participation: Holders of Venice Token can engage in the platform's governance by voting on proposals that influence its development and operations.MediumLiquidity Farming Rewards: By providing liquidity to the platform, investors can earn Venice Tokens as rewards, enhancing their holdings over time.MediumTrading Fee Pool Rewards: Staking Venice Tokens in the trading fee pool allows participants to share in the commission fees from trading activities, potentially generating passive income.MediumPlatform Growth Potential: Venice Finance's focus on privacy and community governance positions it as a promising player in the decentralized finance (DeFi) space, which could lead to increased token value as the platform expands.
Risks:
Market Volatility: Cryptocurrencies are known for their price volatility. The value of Venice Token can fluctuate significantly, leading to potential financial losses.Regulatory Uncertainty: The evolving regulatory landscape for cryptocurrencies may impact the legality and operation of platforms like Venice Finance, introducing unforeseen risks.Technological Risks: Dependence on blockchain technology means exposure to risks such as smart contract vulnerabilities or platform failures, which could compromise the security of investments.Liquidity Challenges: While liquidity farming offers rewards, it also involves the risk of impermanent loss and may tie up funds for extended periods, affecting liquidity.Platform-Specific Risks: As a relatively new platform, Venice Finance may face operational challenges, including technical issues or security breaches, which could affect the value and accessibility of Venice Tokens.
Conclusion:
Investing in Venice Token offers potential rewards through active participation in a growing DeFi ecosystem. However, it's crucial to conduct thorough research and consider the associated risks. Diversifying investments and staying informed about regulatory developments can help mitigate potential downsides.
$ETH $SOL
#Venice #BinanceAlphaAlert #MicroStrategyAcquiresBTC
Opportunities:
Governance Participation: Holders of Venice Token can engage in the platform's governance by voting on proposals that influence its development and operations.MediumLiquidity Farming Rewards: By providing liquidity to the platform, investors can earn Venice Tokens as rewards, enhancing their holdings over time.MediumTrading Fee Pool Rewards: Staking Venice Tokens in the trading fee pool allows participants to share in the commission fees from trading activities, potentially generating passive income.MediumPlatform Growth Potential: Venice Finance's focus on privacy and community governance positions it as a promising player in the decentralized finance (DeFi) space, which could lead to increased token value as the platform expands.
Risks:
Market Volatility: Cryptocurrencies are known for their price volatility. The value of Venice Token can fluctuate significantly, leading to potential financial losses.Regulatory Uncertainty: The evolving regulatory landscape for cryptocurrencies may impact the legality and operation of platforms like Venice Finance, introducing unforeseen risks.Technological Risks: Dependence on blockchain technology means exposure to risks such as smart contract vulnerabilities or platform failures, which could compromise the security of investments.Liquidity Challenges: While liquidity farming offers rewards, it also involves the risk of impermanent loss and may tie up funds for extended periods, affecting liquidity.Platform-Specific Risks: As a relatively new platform, Venice Finance may face operational challenges, including technical issues or security breaches, which could affect the value and accessibility of Venice Tokens.
Conclusion:
Investing in Venice Token offers potential rewards through active participation in a growing DeFi ecosystem. However, it's crucial to conduct thorough research and consider the associated risks. Diversifying investments and staying informed about regulatory developments can help mitigate potential downsides.
$ETH $SOL
#Venice #BinanceAlphaAlert #MicroStrategyAcquiresBTC
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