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Hi, I just want to share this with you. I hope this will match to this because of talking about another altcoin.

Venom is another layer 0 blockchain fully controlled by Abu dhabi financial authorities. Venom architecture is based on Threaded Virtual Machine aka TVM. Also, venom is joined with Iceberg Capital with 1 billion Doller investment.

So right now, they have testnet. So, there is a very good potential that they will reward to their early testnet users. Also, venom is already listed on CMC.

To do the TestNet tasks you need to download the venom wallet to your browser and complete some tasks. If you complete each task correctly at the end you can mint free NFT. So, they have 8 Tasks right now and there will be more few tasks coming asap.

Note in bridging task you will need some bnb or ftm. I recommend you to choose ftm cuz fees around 0.1$ in ftm chain.

I wrote an medium article about every steps clearly, you can read it from here
https://medium.com/@devikasaran36/venom-testnet-potential-airdrop-guide-2023-18d956133856 (https://medium.com/@devikasaran36/venom-testnet-potential-airdrop-guide-2023-18d956133856)

Also, it allocated 22% of the total supply to the community. But the problem is the vesting period of that 22%. If they give an airdrop, then you will not receive the total allocation once.

Yes, it would be nice to do test tasks, but when completing quests, there is a problem with buying NFT in the test network due to their excessive cost, which does not allow you to complete the quest. Have you completed this quest? If "Yes", how did you solve this problem?

It doesn't matter as long as it's free. Venom total supply was not so big. I see the big potential that owned by this token. The testnet bridge task already ended. Im still trying so hard to do another task.
It's also very difficult to get venom test net token caused by so many people are also working on it right now.

I brought nft for 30 venom and sold it for 300 venom tokens. when I was doing the task all the nfts listed are below 35 venom tokens.

I have been participated on Venom testnet last week but still difficult for minting their NFT, have got Venom testnet coins from faucet and have cut off with my fund from 50 Venom coins reduce 1 coins but still failure with mint NFT. Some people said about Venom need to bridge or swap any coins there if want qualify for their coins mainnet one day later but I can't find which side for swapping or bridge coins in Vennom testnet.

Has potential with Venom testnet becoming next APTOS? I miss with several worth testnet and hope with Venom testnet have chance to earn more one day later when this coins launching with their mainnet coins.

Permission to tell you, I just got all the work done and it was pretty easy unlike what many testers say about failed transactions. So basically just needed to increase the NFT bid, that's all that made me finish everything in 1 hour. no problem whatsoever, and some tricks like finish all the tasks first, after all, done then confirm each task so that it will shorten the time even more. Since most of the complaints on the Discord channel come in, they have been on the verge of solving them for hours. What's more, the update regarding the current NFT price has a maximum of the highest 5 Venoms, I even tested the effectiveness of buying and selling NFTs 3 times.

Transaction was slow for most part of the tasks but it is really straightforward to complete. The only issue is the NFT buying task but that too has been solved.
Another thing that might be worth noting is that the 22% allocation reserved for the community is going to be vested for 90 months linearly.

Currently, there are 7 quests available and new quests will be available soon. All tasks are performed in the test network, with the exception of 1 quest, in which it is necessary to transfer coins to the main network. $1.8 was spent on completing this quest.

thats gonna be long vested but it's airdrop after all, but indeed the transaction was rather slow maybe the fact that it is still in early phase have something related with that.

From your blog:
So which one is it? Is it controlled or regulated? And how is it controlled and who exactly are these "financial authorities"? Because that's really shady and vague concept.

As to my knowledge UAE has several several different financial authorities, like countries do. So if i google about it, or ask about them, who is going to back your story up and admit that they are controlling your layer 0 blockchain?

And thanks for the potential airdrop tip :). I am just a little skeptical as your post was a little vague.

Seen tantalizing this project from the founder of the rich and there will be Airdrop for the 22%community. I just tried to become a part of the Venom Tesnet participant, and there was still a lot of literacy that I did. The most importantly complained of the transaction network is very slow. Seeing the discord feedback on transaction constraints up to one day or more, the votes of the Venom Tenset Participants

the airdrops allocation seems promising, I have tried using this blockchain and it was rather slow but that's ok after all it's still testing, but what many people say in regard of failed transaction are all actually true, i've experienced the failed transaction quite frequently and the gas was already consumed so its gone.

that's a reasonable obstacle, because Venom is still in the testnet stage and I hope that the team of Venom will fix it soon and make transactions more stable and fast, but I'm sure you won't regret taking part in airdrop from Venom, because I'm sure Venom project will definitely be hype and the price will increase very high, so we can get a lot of profit.

it's normal. sometimes many people quickly complete tasks to switch to other tesnets. I think venom can be the next generation of top trend after SUI, APTOS. Enthusiastic people who follow the development of venom very fast like social media. after tesnet maybe more big hype. if their token is listed in big market like binance

Some of my friends on Facebook are already posting their Venom testnet stats and I am about to begin doing the tasks.

I don’t mind taking the risk in spending time doing the testnet. I just wanted to have a learning experience on what it’s like to do these tedious testnet tasks.

If they do airdrop as promised and the token goes full blast, that would just be a bonus for me and I would be extra grateful.

The network is very buggy at the moment, I have already completed all task available in my dashboard but still could not collect the associated NFTs, so far I have been able to collect only 3 out of 10 I think. The platform keeps giving error messages saying you have to finish the task even when all task have been completely done correctly.
I hope the team will work on these issues base on the feedback they have been provided by the community.

I recently seen that they conduct competition for bug bounty hunters, think that if any IT guys earn considerable prizes from platform

You should definitely try it, especially since it does not lead to a loss of money on the commission, since all interactions are performed in the test network, with the exception of one quest. And if you decide to participate, then do not forget to receive a daily airdrop of test coins - https://venom.network/faucet

Yes I am doing it already during my spare time but I did missed out the bonus offers from the "Earn more VENOM" like the Discord, etc., and I only have like daily quiz only where I can get 5 testnet VENOM tokens if I get the correct answer.

As of now, I am trying out their bridge and DEX platform in the testnet. So far, I have successfully minted 2 NFTs already and still got long ways to go though.

Although this is time consuming but kinda fun thing to do whether if you're a newbie or a seasoned beta tester because of the potential rewards when their mainnet launches.

I wonder why this venom blockchain keep having frequent error and is really slow, even claiming NFT takes tremendous effort because the transaction always failed, even though it's in early stage maybe the devs should improve a bit, or maybe it was caused by the fact that there are simply too many participants.

honestly I still wondered which of the tasks given to their testers are gonna be the one that gets rewarded it's just still very unclear in that regards. but regardless as you said, it's kind of fun trying out these new blockchain and their ecosystem. I guess it will rewards everyone that tested their ecosystem like using dapps and so on.

I noticed that starting today, the "Earn more VENOM" bonus offers have become available again. But even by completing daily quests, I managed to accumulate a sufficient number of test coins, which I think will be enough for me to complete the second round of the test program.

Yes I saw it cause I didnt do the venom testnet while everyone doing it and when I did it last night it seems that it was very easy unlike many are doing it, they said its lag and quite slow. Ive seen also the additional venom so I'll probbaly get that venom and save for the next task. This is a larger and organized testnet which is quite good. Hope we can get a good amount of drops considering the participants joined.

Now the test network really works fast and, accordingly, you can complete all tasks quickly and without problems. It is obvious that the number of participants who were in a hurry to complete tasks in the first days after the announcement has already greatly decreased.

Im not yet doing some additional task for venom like joining their discord and some, you think I should claim it now while the network is fast so that when the new tasks appeared Im already ready? It seems that the wallets are highly sybil. That 350k accounts are a lot for a few weeks launch projects. I do hope this will screened carefully as many farmers will definitely try to farm this with multiple accounts.

One way or another, you will have to join the Discord, since there you need to publish a report on the work done in the test network. It is possible that the airdrop distribution will take into account the date when you joined the Discord, since this was previously implemented by SUI. Therefore, it is better to do it now, when the load on the network is minimal.

Yeah damn right. But I think its important as well the transaction done, but I feel it need some more requirement to limit the sybil for this airdrop if ever. Since the wallets have been created are already massive and we surely have some farmers from them. SUI was poorly give credits to their early community as the only requirement is joining discord to be allowlist.

Great project. After I read medium page and explore in venom website. I suggest you add "features", "benefit and why choose Venom Chain" text in first page in homepage. Make text with bold because easy to focus.  I don't see Telegram social account, Twitter or other media social icon. You can make in bottom and add one page in top menu about "Team of Venom". For other menu, I think it's good. 

Today, a new task became available in the Venom test network: https://venom.network/tasks/snipa-finance, which will take 5 minutes to complete.
The tasks are too simple, will they really be paid for? Perhaps we will face a more difficult test in the future.

I have completed the new task, it is very simple what needs to be done but their testing is not finished yet, it seems that there will be another new task at a later date.


Nobody knows about that but the allocation for the community is quite large at 22% I hope the testnet testers get their share of the allocation.

I saw in the white paper that the community allocation will be vesting for 90 months (7.5 years) do they have to wait again to unlock all of it?

I've tried it. just now. first you have to download the crome extension version app then as usual steps in operating Venom Wallet and all task was done. now i get 50 Venom. Regarding the question of whether participants will be paid for their efforts, I think the specifics of the reward system and the distribution of commitment on the project team to fulfill its promises to its users because the credibility of the platform is at stake for sure.

Not all Testnets are promising in my opinion some projects refuses to give rewards to their testnet participants just like SUI did to their community and no exception to Venom as well, they might give or not rewards to it's early supporters though they already announced it but vesting for 7 years, that too long. I already participated on their testnet I don't get to attached about it so that it won't hurt of all my efforts.

At least the developers have been making clarrification through its tokenomic if there will be some coins to be allocated for the community. That means if the dev has commitment to give reward for the community even though there was no guarantee for that.
SUI was not making it in the past. I remember that when sui was only telling us about community access program.

The Venom command presented a new task in the test network, which will take several minutes to complete: https://venom.network/tasks/ylide And do not forget to receive 5 Venom daily in the faucet: https://venom.network/faucet which may be needed for the following tests.

For those who perform activities in the Venom test network, a new task has appeared - https://venom.network/tasks/gravix To complete this task, which is to open a long/short position using leverage, you need to have test USDT in your wallet, which you can exchange for VENOM here - https://testnet.web3.world/swap

I also write another Miannet guide for iZUMi Finance
Check this out https://bitcointalk.org/index.php?topic=5457961.msg62476913#msg62476913 (https://bitcointalk.org/index.php?topic=5457961.msg62476913#msg62476913)

QAMON Task added. Complete it and get the nft badge. Now you have 13 NFT badges in total.

Guys Venom sent out letters to those who were selected to participate in their Ambassador Program and email comes from info@venom.network. Please check your emails if you have joined their Ambassador Program.  8)

Venom is a layer 1 project. Normally Layer 1 projects will launch a token with the mainnet launch. Also, Layer 1 projects will target the testnet users to give  an airdrop or sale

Eg: Aptos

If some project is layer 2, then they are mainly focusing on mainnet users.

Already started Venom last May of this year and currently minted 12 NFTs up to date.

But I have to admit that in all of the tasks I have done using my mobile phone, the bridging part is the difficult one as Metamask cannot even recognize the sign-in or so. However, no problem if it’s on the desktop as a browser extension.

The rest using my mobile phone are just fine.


I have to agree with you on that. However, there might be some few exceptions like Linea.

Those who have participated in the 9-week Linea Voyage testnet campaign on Galxe are being given commemorative NFTs based on their leaderboard rankings.

Those NFTs can be a either a “golden ticket” or an “ultimate passport” to qualify for a potential airdrop from other projects who are using the Linea mainnet.

Linea Swap is one example where they are having that promo for those who have participated in the testnet event of Linea Voyage.

They will definitely give airdrop for TestNet users. If not, they will lose half of their community.

While there is no official announcement from the team, there is no guarantee that there will be an airdrop based on the results of work in the test network. It is possible that participation in the testnet will be an additional criterion for airdrop, after the main network and its testing are launched.

Hello guys, Venom new testnet tasks are here. There is still one more testnet to come  :)

Venom Burn
https://venom.network/tasks/venom-burn

One Art
https://venom.network/tasks/one-art

Valicit
https://venom.network/tasks/valicit

segmint
https://venom.network/tasks/segmint


I hope you guys did all the tasks and mint the free nfts as well.

The Venom Foundation announced on its official Facebook page that the snapshot has already been completed - https://twitter.com/venomfoundation/status/1765706568266379661 However, the team suggests logging into your account and completing the last task, receiving the final NFT - https://venom.network/tasks/venom-launch

https://i.ibb.co/PTbChwB/222.jpg (https://ibb.co/Gs1P2cg)

Also seen this announcement. Hope that they filter all bots that joined this campaign or testnet since many are probably do multi accounts or dummys to gain more tokens. I think the tokens are locked right? Atleast if the rewards are locked hope that real users get it not the farmers.

There has been a lot of negative news around Venom lately, which was related to the dark past of the company's management. Nevertheless, the team continued to work on the project, announcing new quests for its early users. Therefore, it was a surprise for me to learn that a snapshot was taken. So in any case, I will be glad to receive an airdrop, regardless of its size. But if they continue their quests on the main network, I will not participate in them, as there is a risk of losing my money.

There are so many layer 2 in the market and all of them are working on the same things, and everybody claims to be better than others. I have used venom test net and it looks like an average layer 2 to me. I think i want to put it below average, as my experience was not that good with venom as it was not as fast as manta or matic. But its a free opportunity for the community to earn some free money and i think no one denies or doesn't like free money. Lets hope it won't be another starknet.

The Layer 2 blockchain is a blockchain deployed on top of the main blockchain, for example, Polygon is deployed on the Ethereum blockchain. The Venom blockchain is not a Layer 2, since it is a basic one and, accordingly, is a Layer 1 blockchain, such as, for example, Solana.

The Venom coin listing will take place on March 25 on the OKX and Gate.io. For those who participated in the test tasks, it is necessary to get another NFT, and add an address for depositing Venom coins for the OKX exchange - https://venom.network/tasks/okx

https://i.ibb.co/TtCKn3M/222.jpg (https://ibb.co/YhrDKsB)

Venom's good news came sooner than I thought, the pool allocation for this competition was 10,000,000 Venoms and as for the initial community incentive it was different to this?

I hope there are two feasibilities coming from Venom, Testnet and the OKX listing celebration campaign.

So it means that the airdrops of venom have been over for a long time; I just saw it now, and I check the apps, and I don't see any faucets on its testnet. Has anyone received a venom token here?

Also, I was a bit too lazy to research what the negative news was here last year, but anyway, all I found out is that you can add it to the Chrome extension similar to Metamask, so just like you said, it's a bit risky, but the risk is still there. So maybe I should remove it from the Chrome extension first; if it's the same, I won't receive any more tokens from Venom. Good luck to those who participated...

If you have not been active in the venov blockchain, then you definitely do not have the right to receive an airdrop. It does not happen that someone receives an airdrop from Venom and does not claim the 19-20 NFT that the participants received during the test period.

Well, Unfortunately, I did not participate in this project airdrop activity as I was not aware of it before on the same time it is not my unfortunate as well haha as there may be more and more opportunities on the way for me. Some of my friends have participated in the Venome airdrop and they are expecting a good amount of profit from it. I think as far as I remember it is going to list on OKX and in my point of view price may start from 0.2 of the Venome token DYOR! well, what do you guys think about it how much value it can have at the start of the trading time? any rough prediction?

Are they distributing points on the basis of vesting? or they are distributing all at once? if they distribute the earned airdrop points all at once there maybe a sudden crash after the listing time of Venom. Well is it also listing on any other exchange at the same time with OKX? if that is so the Price can be high of the one venom token and participants will make a good amount of profit from it. DYOR!

https://i.postimg.cc/zG4yQwjv/IMG-20240323-WA0027.jpg

The above photo is a screenshot of the Venom tokenmetrics and it includes vesting schedule for various recipient. So yes, airdrop participants stand to receive only about 10% of their allocations at the TGE while the remaining 90% remains vested to be released at a later day. It should help to manage selling pressure when trading goes live.

I wanted to point out that the idea that token price will immediately take a nosedive simply because airdrop participants got 100% unlocked at TGE doesn't always hold true. It's the same way back in the day people said the same about bounty hunters. As long as there is sufficient liquidity at the other side, sell pressure can be managed. For instance, see projects like Starknet, Celestia or Jupiter? That's right.

FYI, I wasn't too involved in Venom so my allocation might be among the lowest. My reply above is general and not based on my expectation of venom alone.

- Venom (VENOM) will be listed on OKX, a leading crypto exchange. The schedule is as follows:
    - VENOM deposits will open at 08:30 am UTC on March 22, 2024¹.
    - VENOM/USDT spot trading will open at 08:00 am UTC on March 25, 2024.
    - VENOM withdrawals will open at 10:00 am UTC on March 26, 2024.

- In addition to OKX, Venom will also be listed on other major exchanges.
- As part of the last quest, Venom has offered an OKX NFT to all participants. This is a great way to reward community members and encourage participation in the Venom ecosystem.

The best way to reward the community members who have been supporting the club is through offering 100% unlocked tokens during TGE, and it's not giving tokens that will be vesting for 90 months + 6 months locked. What the hell is that, my friend? Do you call giving a 7 years vested token a great way to reward the community?

No way to call it a. good way to reward the community. I'm unsure if the project will still be alive until all of the vested tokens are fully distributed. I strongly disagree with you in this.

It's only a way for the developers to show how incompetent they are in deciding everything. There have been so many dramas happened to this project.

Look at how early backers got 48 months vested while airdrop 90 months which is crazy as fuck. Im talking about the fact here. Foundation tokens have less time than airdrop rewards. This is not right to reward your loyal supporter.

I tried to be part of this project by participating in the airdrop. I once stopped carrying out my duties and felt disappointed because there was an issue of returning all investor funds. but it seems now the project is back to life and getting closer to listing because several exchanges such as MEXC and gate.io already support the VENOM network.

I don't see any hype about this project till now except the testnet airdrop incentive. I saw they they have announced an airdrop pool for okx users and there is no info about rest of the community that they will get any airdrop or not. Testnet users are really disappointed as most of them thinking about doing the task and collecting all of these nft they will get some rewards which is pretty much uncertain till now.

Well, I don't know how that will eventually end but I can tell you too that I didn't complete all the testnet activities. I minted about six NFTs and then the whole thing became cumbersome and I stopped. Venom was a project I followed since 2023. I was able to send my OKX UID and the Venom address from that exchange. If the project was restricting those who didn't do all tasks, I'm sure I wouldn't have been able to send those addresses.

I do think maybe they will compensate those who minted something and not reward only those who completed the whole task. By the way, not many people even participated in the testnet.

I minted all the NFTs except the last one - I don’t use OKX, I don’t see the point in trying to do this with such a drop. Judging by the fact that I did not meet the criteria (what?) of the Ventory drop (a project in the Venom ecosystem) and tokenomics (if it is true), then I do not expect anything worthwhile from Venom. Perhaps some projects will distribute a minimum of 1000-10000 tokens, which will cost a couple of cents.

The last quest from OKX is not the main one, as it is carried out after the snapshot has been completed. Therefore, I think that those who send their address and UID will receive an additional airdrop in this way. You can download the Venom wallet right now and complete this latest quest from OKX and you will understand that it has nothing to do with previous quests. By the way, the number of wallets that are registered in the Venom test network is 17 million.

Contrarily to that, I think that's the main one or part of the main one. I sent in my OKX details two or three days ago and did only six tasks out of the more than 20 tasks but I received a mail from OKX a few minutes ago that my 29.87 Venom was on the way to hitting my wallet. I guess the amount is uniformed for all participants from the screenshots that others have been sharing. The amount is small, given the stress of the numerous tasks therein and how long the testnet lasted. Anyway, let's see if it lists above $1.

Well its not yet the testnet airdrop I believe. I am sure its segregate cause not all testnet have okx or registered on the event. Its not just clear whether the testnet reward is still vested or the team change it to 100% vested seen some screenshot from twitter but I cant verify on the discord. What do you think guys when they will release a drop for this?

Well, let's say it's looking like the Venom project has a different approach to distribution of its airdrop as I'm beginning to think too that there could be more distributions to come. Early participants won't mint all those NFTs and then miss out on the largesse because they weren't able to provide OKX details. Perhaps, there's going to be a particular kind of reward for those who minted the NFTs. Anyway, it listed below $0.5, then dumped slightly to 0.3 but it's back trading around its listing price now.

We will be able to claim our airdrop in 3 days. And a special page has already been created for this, where we can get for the testnet reward - https://rewards.venom.network/ We can only hope that the price of the coin will not fall during this time, but on the contrary will grow)

So far there are no prerequisites for an increase in the value of $VENOM. There are no loud announcements about partnerships, all partnerships are only between ecosystem projects. Only a small volume of tokens entered circulation and all of them are actually circulating on the AMM/MM exchanges on which the listing took place. On Thursday the picture will become a little clearer; hope so.

The price of the coin will strongly depend on how many coins will be unlocked for the testnet participants. I do not know if the tokenomics of the project has been changed, but previously, only 10% of the accrued reward should have been unlocked for the testnet participants. But if the team unlocks the reward completely, then a dump will definitely follow.

The tokenomics that recently appeared on the network looks extremely strange and I have not seen any official confirmation of it. Everything will depend on the number of tokens that will be “drawn” tomorrow. I previously mentioned a thousands coins, but then there was an airdrop for the last task with OKX and it was only ~30 tokens. If we take into account this figure and the possible vesting for testers, it is unlikely that this will greatly affect the cost of $VENOM. In addition, individual projects of the Venom ecosystem will distribute airdrops in their tokens, and not in $VENOM.

Despite the fact that my expectations for the Venom airdrop were very modest, but I could not even imagine that after mint 22 NFT in the test network, another final NFT would be sent to our wallets. What value it will have in the future is unknown, but now it is traded on https://oasis.gallery/collection/0:fa200706e21863c1da8f35d334f48faeb39d34ad21efd81178ffab40850c0898 for 50 dollars.

You are absolutely right, even I am deeply dsappointed with the reward, I only received 29 Venum tokens worth $20 approximately for opeing my account on OKX exchange and completing all requirements of KYC. For completing 22 test net tasks including claiming NFTs, unfortunately, I have not received any reward which is contraory to my modest expectation of at least 300 Venom coins.

Modestly, very modestly. Unfortunately, today I spent the whole day on the road and remotely I was only able to mint the final NFT, but I did not have the opportunity to go to Oasis and sell it. I only saw messages in the telegram channels, at the very beginning of sales, that some NFTs were sold for $200 and $1300. I still hope that the Venom team will distribute at least a minimal drop in tokens and of course that the final NFT will have adequate utility.

It is very unfortunate that you couldn't sell Venom NFT at the price of $200, and now is hovering around $40. The Venon network is down since yesterday and their team could not fix it until now. Venom launching seems to be very disastrous not only for the team but also for all those dedicated supporters of the project who overweeningly participating in their test net The venom community is grossly disappointed which is not good for the future of the project.

The value of a token is always unpredictable, and you are not the only one whose expectations have failed. Expectations are always that the token will most likely not succeed in being listed on any platform or that its trading value will be very low. As for the Venome airdrop, expectations were different this time. It can be considered a surprise to everyone, especially like me, who heard about Airdrop but did not subscribe to it, thinking that it was bullshit like the majority of Airdrops. I wasn't expecting my friend who subscribed to Airdrop to tell me that he had succeeded in selling some NFTs.

As for the price of the token, I expect that it will be determined according to the number of coins that will be unlocked for the testnet hunters. I do not want to spread panic, but I would not be surprised if the price falls to the bottom after the distribution. At the same time, I am thinking of buying some tokens if their price drops too much.

The fact that someone put up such a price for an actually unnecessary NFT does not mean that someone else will buy it for such a price. The only thing I agree with is that such an airdrop from Venom was a big disappointment for those who participated in the testnet.

indeed this whole launch is just a big mess, not to mention their discord are full of people with complaints because their promised allocation was said to be nonexistent after the campaign ends.
for those that finished the task with at least owning 23 NFT if im not mistaken to be able to claim that early participant NFT at least can cash out that NFT even though it amounts to peanut, but i'm not doing all those tasks just to be tricked like this, personally i don't finish most of their task and therefore i got less than the amount of NFT eligible for the minting of early participant NFT and i must say that i'm not disappointed at all spared myself from doing all those tasks for peanut knowing that the blockchain itself was hella slow as well when it was still in testnet, but good for anyone that successfully dumps their NFT and get good price.
right now the floor still stands at like what you said around 30-40 venom.