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Venidium EVM is now live!

Check our Medium Blog to read the documentation at https://medium.com/@venidium

Partnership with iNation Esports

We have officially partnered with iNation Esports:
https://www.youtube.com/watch?v=5lE9tfJs-Kw


Whitepaper

Whitepaper v1.0 has been released. Use one of the following links to access:

Google Drive:
https://docs.google.com/document/d/1BumwEw1ICKLFvIOTB_NOvYKn7c4d-ph_-maJzUO7XB4


What is Venidium?

Venidium (XVM) is an EVM Blockchain for Esports, NFTs and other web3 applications.
By establishing new dataset access to blockchains, Venidium will bring startup projects and use cases for many different kind of ecosystems while staying independent from any blockchain itself.

The Venidium team will develop and launch their own products, but also enable other providers to use and provide data, ideas, and ecosystems.

To gain a better understanding of our vision in regards to our oracle and our products, we highly recommend reading the Whitepaper.


About Venidium

Our blockchain is based on Chia™, but why?

We believe in what Chia™ brings to the blockchain world. While Chia™ is already an economic friendly blockchain,
Venidium will use the same plots as the ones used for Chia™ farming, which establishes Venidium as a green blockchain by using
the same equipment that is already being used. Farmers can farm Venidium (PoST) at the same time with almost no overhead,
making Chia™ the perfect distribution channel for Venidium.

That being said, Venidium launches with 3 blockchain networks in total, but actually it’s only 2.

In order to be flexible and deliver high quality products, we will launch another network,
which will also inherit Venidium Coins as its native coin. All farmed Venidium (PoST) can be swapped 1:1 for other Venidium,
on any blockchain that we support. For the beginning the Venidium (PoST) blockchain will be based on Chia™ and a (EVM) DPoS blockchain will be created for future expansions.

The third “blockchain” is a blockchain-like network solely to coordinate oracle data providers,
so it’s going to be only used by the Venidium team and data providers that provide their services there.
Therefore, we don’t see it as a real blockchain, but more like communication channel between the data providers.

Why not just a single blockchain?

While Chia™ qualifies for our fair distribution needs it is not yet suitable for most of our other use cases.
In addition, the future expansion of our development team would be much easier for the EVM blockchain,
than for the Chia™ based blockchain. Lastly, having full access to DeFi, NFTs, Smart Contracts etc.,
is what brought us to the conclusion that we need a second blockchain, which might even end up as our main blockchain in the future.

So why not start directly with the DPoS EVM blockchain?

We decided that our distribution should not start with an ICO/IDO/ILO model,
in order to have a wide distribution range and to avoid pump & dump schemes by wealthy corporations or single high net worth entities.
We believe that we can achieve the best distribution this way, as a fair-launch blockchain.

Distribution, Tokenomics and Specifications for Venidium

Name: Venidium
Ticker: XVM
Supply After Mining: 1,000,000,000 XVM (1 Billion)
Max Supply: ∞
Smallest Unit: Ray (1,000,0000,000,000 Rays = 1 XVM)
Pre-farmed: 50.2336% = 502,336,000 XVM
Liquidity Mining: From Pre-farm 12.7336 % = 127,336,000 XVM
Pre-farm info: The Pre-farm/Pre-mine will be generated and stored on the EVM Blockchain.

Block Time: Approx 18.75 seconds
Block Rewards: 640 / 320 / 160 / 80 / 0
Algorythm: PoST (PoSpace + PoTime)
Halvings: Every 3 months, no halvings after the first year.

Inflation:
Maximum 5% yearly inflation declining each year and only on Venidium (DPoS) through validating/staking.


For further information on our distribution and tokenomics, please check our Whitepaper.

Roadmap

2021
- Launch Testnet
- Launch Explorer
- Find partnership/sponsorship with an Esports Team
- Launch Mainnet PoST


2022
- Launch Testnet Venidium DPoS Blockchain
- Launch Mainnet Venidium DPoS Blockchain
- Launch PoST to EVM Bridge (One Way)
- Exchange Listings
- Launch Venidium Oracle Network
- Add support for at least one esport game
- Launch Venidium NFT Marketplace (name tba.)
- Launch Venidium Bridges and Wrappers
- More Exchange Listings
- Launch Venidium Player Identity Cards (PIC)
- Add data support for different esports/games
- Add data support for sports
- Support for Venidium on other Wallets
- Further development tba.

Disclaimer:
Venidium is still in an experimental phase and delivered as it is.
We recommend testing in a test environment before adding Venidium to live systems.