Venom is an impressive Layer Zero blockchain project that is currently in Testnet.
They are based in the UAE, with their venture arm launching a $1bn fund:
They're building a huge ecosystem and creating a fantastic community through one of the best (and most... More
While I gave them 4 stars in idea for the lack of a killer feature, I’m giving them 5 stars in tech for exemplary execution. Their whitepaper is among the best I’ve seen, almost entirely dedicated to explaining their tech without jargon and with good balance between simplicity and detail. You can feel that they’ve designed a very solid solution and want people to understand it. It’s very... More
Venom has recently made big moves in the crypto space, evident from their testnet running for extended hours. Their marketing efforts have played a crucial role, leveraging articles on crypto news sites and influential figures on Twitter who have discussed tokenomics and sparked rumors of an upcoming airdrop. I analyzed the tokenomics, which reveals that 22% of the initial token supply will be... More
Venom Network is a Layer 0 Blockchain utilizing the first-of-its-kind PoS mechanism licensed by the Abu Dhabi Global Market (ADGM), an international financial center. The project is founded by the Venom Foundation and is currently scheduled to launch its testnet by the end of April 2023.
Backed by a $1 billion investment fund managed by the Abu Dhabi Global Market, Venom Network demonstrates a... More
I don't have all the information I need to fully review the tokenomics, but the team of Venom answer in minutes on discord which is good to see. (see screenshot below). Until I get all the answer I need, I'll give it a 4 star, but it may actually be a 5 star. Highly depends on what kind of discount these investors received for investing early.
The team doesn't have a... More
50K subs on YouTube with less than 50K views in total?? (img1)
I hate it when projects buy traffic. How am I supposed to trust any of their social media numbers when it's so obvious that it is bought? They didn't even put in the effort to buy traffic to some of their videos..
I'm not giving 1 stars because it's a very common industry practice. But you should ask yourself, if Bitcoin or Ethereum... More
Venom on Twitter: Our team has a lot of experience, including former executives from BlackRock and engineers from Apple & Huawei, which helped us achieve our technological breakthrough.
After doing some research, I found out that the blockchain project is mainly supported by knowledgeable individuals.
Peter Knez is the Chairman of the foundation council. He has a PhD and used to be the Global... More
Venom seems like a serious next generation layer 0 as well as it's own layer 1. It is new POS blockchain that is adding several new tech upgrades under one umbrella. Which makes it a lot more scalable than Solana. It can process 100K TPS to 1M TPS and is cheaper in transaction cost($0.0002 per Tx). Multiple types of Nodes, Sharding and parallel execution helps it achieve these promises. Also... More
Happy to spotlight Venom as it was brought to my attention by our new analyst, Nima. I have used the dApps on Venom for over a month now and can give some good insights on the project and my experiences with the testnet.
I love the Venom Wallet. It is super user-friendly and the design is great. The interface is clean and makes sense. This is often not the case, but everything just seems to... More
I can imagine Venom being one of those projects which comes onto the market with a relatively high valuation and depending on the timing of a potential airdrop, if this coincides with the launch of its token then $VENUM has the potential to drop hard like a lead balloon when it first gets listed on the market.
However I would not worry, and if it does this sort of price action I would see this... More
Venom is a very high quality project in my opinion. But I’m giving it 4 stars in idea because I don’t think they add anything new to the space and there is a lot of competition.
There are tons of projects that offer high TPS at low costs, sharding and a mix of public vs private multi-chains. In terms of the overall structure, Venom seems more like Polkadot (i.e. a multi chain, allowing chains... More
After creating my Venom wallet and connecting it to the testnet, I spent some time exploring their ecosystem and completing the tasks assigned to me in order to receive NFT rewards for each "project." My initial impression of their ecosystem is that it is professional, sleek and user-friendly. I particularly enjoyed using their wallet, DEX, staking platform, asset tracker, and NFT marketplace.... More
With no hesitation, 5 stars or even 10 stars if I can add 5 more for the community rating, below is the reason,
I cant believe in my eye that there is a project that can achieve these impressive statistics in testnet phase. Special thanks again to Nima, the colleague who points it out.
Super impressed so far. I downloaded the wallet and started interacting with the chain and other portion of their ecosystem, looks very professional and solid. I'm getting answers to my questions very quickly on their discord.
In terms of tech, I don't specialize in layer 1 or 0, so I can't really judge if what they are doing is room on the market, but they managed to get me to use and try out their testnet, so that's impressive since I'm often a late-adopter for these sorts of things.
I'll keep researching about them, but so far my opinion is very positive.
Introducing the Venom Foundation, the new and shiny layer 0 blockchain ecosystem entering the crypto world. Venom is an ambitious project that has the potential to become a bridge for the adoption of central bank digital currencies in the Middle East & North Africa and offer real world assets as well as a range of financial services all within a decentralized finance framework.
The foundation... More
Venom is an emerging layer zero blockchain ecosystem currently operating in testnet mode. Based in the UAE, Venom has secured official licensing and regulatory approval to issue utility tokens and provide decentralized financial services in Abu Dhabi.
This regulatory clearance sets Venom apart from many crypto projects operating in legal gray areas. The licensure enables Venom to bridge central... More
If you haven't heard about Venom, it's time to catch up. I recently tried their testnet, and it was honestly one of the best testnet experiences I ever gotten. Like why can't all Layer 0 blockchains be this easy to navigate? Wink Wink you know who I'm calling out. The team managed to package the fun of crypto into a slick GUI for beginners to even be pros, and the feedback I have for it is "WTF... More
The Venom Network project is purportedly backed by a $1 billion investment fund (unverified information) and is supervised by Abu Dhabi Global Market, indicating that the project is likely to have a long-term development strategy and direction.
In my opinion, Venom possesses a technology platform that meets the current demand for cryptocurrencies with fast transaction processing speed and low... More
I would like to expand on Brian's review regarding Venom's community. As he mentioned, the project has achieved impressive community statistics during its testnet phase, especially in terms of interactions on its social media. I believe a significant factor contributing to this success is how Venom's testnet engages with its social media platforms, primarily Twitter but also Telegram to a certain... More
Among the current Layer 1 projects, I believe Venom has great potential and would be suitable for newcomers who want to participate. The Venom testnet offers free claims for everything except the bridge, which is ideal for individuals with limited capital but still want to explore profitable opportunities.
In particular, for those participating in the Venom Testnet, please pay attention to the... More
