The VVV coin, officially known as the Venice Token, is a cryptocurrency associated with Venice.ai, a platform for private and uncensored AI services. Here are some key points about VVV:
- Purpose: VVV is designed to facilitate access to AI services through staking, which allows users, developers, and AI agents to use Venice's AI infrastructure without paying per request. It aims to offer a model where the cost of inference for AI agents is reduced to zero through staking.
- Launch Details: Launched by Erik Voorhees on January 27, 2025, on the Base layer-2 network of Ethereum, VVV quickly achieved a significant market valuation, reaching a fully diluted valuation (FDV) of over $1 billion within two hours of launch.
- Tokenomics: The total supply of VVV is 100,174,475 tokens, with 50% allocated for airdrops to Venice users and the broader crypto and AI community. There's a noted distribution where 10% goes to the team, with a vesting schedule, and other allocations for liquidity and community .
- Criticism and Sentiment: Posts on X suggest there's skepticism regarding the token's sustainability due to team sales, potential insider trading, and high inflation rates. Some users warn of it being a potential scam or at least an investment to approach with caution due to rapid price movements and the structure of token distribution.
- Utility: Beyond trading, VVV serves as an access key for Venice's AI API, providing users with a share of the platform's inference capacity based on their stake, promoting a decentralized and privacy-focused AI interaction model.
- Trading: VVV is available on several exchanges, with Coinbase Exchange being one of the most active platforms for trading this token.
Remember, cryptocurrency markets are highly volatile, and information regarding new tokens like VVV can change rapidly. Always perform due diligence before investing.
