Venom Foundation Official
βœ”
932K subscribers
309 photos
19 videos
2 files
319 links
Official Venom Foundation account. Delivering an asynchronous, ultra-fast, scalable blockchain with low transaction fees for CBDC and Web3 projects worldwide

X: https://x.com/VenomFoundation
Discord: https://discord.gg/venomfoundation
Download Telegram
πŸš€ Stage 4 of Venom Quests Season 6 Begins πŸš€

πŸ“… Dates
May 27 - June 10

πŸ’Ž This stage is all about staking. Stake your $VENOM on VenomStake and get double the rewards!

Staking Rules:

πŸ“Š Volume is calculated at the end of each day
πŸ”’ Values will be rounded down to the nearest whole number (ie, $5.99=$5.00)
⚠️ XP will be accrued according to lowest daily values so do not transfer funds out if you want guaranteed XP

Beyond staking, there are a bunch of new and interesting tasks where you can earn XP.

🎁 XP Bonus
Complete at least 8 tasks in this stage to earn an additional 45,000 XP.

Get started now πŸ‘‰ venom.network
πŸ‘8❀6⚑3😘3πŸ‘1😱1πŸ†’1
πŸš€ Venom Migration to Next-Generation Protocol πŸš€

We have some big news, Venom Community.

The Venom DAO has submitted VIP-003: Migration to the Next-Generation Network Architecture, a proposal that, if passed, will see Venom move to a new, next-gen architecture.

After a full year of rigorous testnet validation, the new protocol is ready for mainnet.

⚑️ What the upgrade brings:

β€’ 150,000 TPS
β€’ Sub-second finality
β€’ Advanced dynamic sharding
β€’ Improved PoS consensus
β€’ Full backward compatibility

πŸ”„ Key Migration Details:

β€’ 1:1 token migration ($VENOM β†’ new $VENOM)
β€’ No changes to vesting or token supply
β€’ One-way migration via official swap portal
β€’ Old mainnet will remain operational for 6 months after launch
β€’ All smart contracts, addresses, and products will continue working without modification

This upgrade is essential for Venom to become true settlement-grade infrastructure.

❓ Any Questions?
Leave them in the comments and we will put together an FAQ answering everything.

πŸ“„ Check out the full proposal here: https://dao.venom.network/governance/proposals/3

It's time for Venom to reach its full potential.
πŸ‘18❀7🀝5😱3πŸ”₯1πŸ‘¨β€πŸ’»1
πŸ—³οΈ Venom Migration Voting Open πŸ—³οΈ

The Venom DAO has submitted VIP-003: Migration to the Next-Generation Network Architecture, a proposal that, if passed, will see Venom move to a new, next-gen architecture.

The new protocol is ready for mainnet. It delivers:

β€’ 150,000 TPS ⚑
β€’ sub-second finality ⏱️
β€’ advanced dynamic sharding 🧩
β€’ improved PoS consensus, all while maintaining full backward compatibility πŸ”

🎁 Vote & Receive 7,777 XP
Given the importance of the migration, it is only right that your participation get rewarded. Everyone who votes on the proposal will be eligible to receive 7,777 XP on venom.network during Season 6 of Venom Quests.

❓ Any Questions?
Leave them in the comments and we will put together an FAQ answering everything.

πŸ‘‰ Check out the full proposal and cast your vote here: https://dao.venom.network/governance/proposals/3
πŸ‘11❀5✍4🫑2πŸŽ‰1
πŸ“’ Venom X Origami Tech Competition on KuCoin Extended πŸ“’

The trading competition we are conducting with our partners at Origami Tech has been extended an extra day!

πŸ“… End Date: June 6, 12:00 UTC
πŸ† Prize Pool: 187,000 $VENOM

This is a Grid League event, which means that it is based on volume: the more you trade, the higher your rank, the bigger your share of the winnings.

πŸƒ There is still time to join and win your share of the prize pool: https://app.origami.tech/competitions/143

Happy trading! πŸ€
πŸ‘7❀3πŸ‘Œ2πŸ†’2
βœ… Migration Vote Completed βœ…

Dear Venom Community,
The voting on the proposal for migration to the new next-generation protocol has officially ended.

Results
🟒 Votes for: 23,793,857
❌ Votes against: 0

πŸ—³οΈ The proposal has passed!

This means Venom is moving to a significantly upgraded network with higher performance, better scalability, and improved user experience.

πŸ”œ In the coming week we will be publishing a guide on how to transfer your tokens to the new network along with an FAQ covering all of your questions.

Welcome to the new era of Venom! πŸš€
πŸ‘13❀7πŸ‘4πŸ₯°2πŸ†’2πŸŽƒ1πŸŽ„1
🚨 Emissions Paused on Legacy Network 🚨

As part of the Venom Protocol Upgrade, all emissions have been halted on the current network.

πŸ”— Verified on-chain: Block 25792227

The new network is being deployed now. βš™οΈ
The migration portal will open once the new mainnet is live and all $VENOM holders will be able to migrate their tokens, including those on exchanges.

πŸ‘‰ What you need to do right now: No action is necessary on your part. We'll announce when the bridge is live.

πŸ”’ If you hold stVENOM: You'll need to unstake before migrating. We'll announce the window and provide you with a guide when the time comes.

The current network will remain operational for 6 months after the new mainnet launches.

πŸ“– Migration FAQ and guide will be shared on our socials very shortly, before the bridge opens.
πŸ‘14❀3😘3πŸŽ‰2✍1πŸ†’1
πŸ“’ Stage 5 of Season 6 to Start on June 19 πŸ“’

Venom is currently migrating to the new protocol approved by the community. As a result, we have moved the start date of Stage 5 of Season 6 of Venom Quests to πŸ“† June 19th.

⭐ XP on New Protocol
All of the XP you have earned on the legacy network, including bonuses, will be moved to the new one.

Thank you for your continued support!
πŸš€ We are currently hard at work making Venom the ideal network for both end users and heavy-load platforms!
πŸ‘10❀4πŸ†’3🀯2😘2πŸ†1
🎁 VENOM 100 $USDT GIVEAWAY 🎁

To participate:

1️⃣ Follow πŸ‘‰ Venom Network on 𝕏
2️⃣ Join our Discord πŸ‘‰ https://discord.com/invite/venomfoundation
3️⃣ Leave a screenshot proving you've joined our Discord along with your non-custodial Venom wallet address in the comments below this post to receive your prize if you win.
Download Venom Wallet here:
πŸ‘‰ https://VenomWallet.com
πŸ‘‰ https://SparxWallet.com/download
4️⃣ Like & repost (RT) this post πŸ”

And you're in! βœ…

10 winners will be randomly chosen in a week. Each winner will receive 10 $USDT.
πŸ”₯10πŸ‘4❀3πŸ†’2
⏸️ ChainConnect Undergoing Venom Maintenance Work ⏸️

The ChainConnect Bridge platform is currently undergoing maintenance work as it connects to the new Venom network.

πŸ”œ Likewise, within a week the migration of tokens from the old network to the new will be carried out so follow the updates for the latest!

Thank you for your patience! πŸ™
πŸ‘11πŸ‘Œ4❀3🀝1
🌐 Venom Ecosystem Migration: The Next Phase 🌐

The new Venom mainnet is live and producing blocks. Migration tokens are staged and ready. πŸš€ The ecosystem is preparing to move.

πŸ”— All the latest information about the migration is now available here: https://venom.foundation/migration

Where we stand:

β€’ New mainnet β€” deployed, sub-second finality, dynamic sharding live
β€’ New explorer β€” https://new.venomscan.com/
β€’ New JRPC β€” jrpc-new.venom.foundation
β€’ Migration tokens β€” staged on-chain, ready for the 1:1 swap
β€’ Migration portal β€” opening soon
β€’ Bridge β€” deployment in progress
β€’ ChainConnect β€” connecting to the new network (transactions currently on pause, full migration expected within ~1 week)
β€’ Exchange partners β€” coordinated support announcements pending

The old mainnet will remain online for the next 6 months ⏳ to ensure a smooth transition.

πŸ‘‰ Full instructions, timeline, and regular updates will be published at https://venom.foundation/migration.

πŸ”— For any questions, check out our FAQ: https://medium.com/@venom.foundation/venom-migrates-to-next-generation-protocol-faq-748c5df4e683

We’ll keep the community updated every step of the way as we complete this important upgrade.

✨ Welcome to the next era of Venom.
⚑7❀5πŸ”₯5πŸ‘4😘3πŸ†’2πŸ•Š1
πŸ—£ All of Your Migration Questions Answered πŸ—£

This is a huge moment for Venom and we understand there are a lot of questions. As a reminder, we have gathered all of your questions and answered them in our FAQ.

πŸ”— Read out the FAQ here: https://medium.com/@venom.foundation/venom-migrates-to-next-generation-protocol-faq-748c5df4e683

ℹ️ And be sure to check https://venom.foundation/migration for all the latest information.

Thank you, and if you have any issues or further questions, don't hesitate to reach out to us! πŸ’¬
πŸ‘12❀5😘3πŸ†1
πŸš€ Venom Wallet Switches Over to SparX πŸš€

Dear Venom community,
We are excited to announce that Venom Wallet is transitioning to SparX, the new official ecosystem wallet.

⚑️ What is SparX?
SparX is a next-generation wallet offering improved performance, better user experience, and full support for all current and upcoming features.

What you need to know:
βœ… Your address will remain the same
βœ… Your seed phrase will remain valid
βœ… All your assets and tokens are safe
βœ… No action is required until you decide to migrate

The migration has begun. Venom Wallet will continue to be fully supported for the next 6 months, but we strongly recommend switching to SparX as soon as possible to enjoy the best experience and future updates.

πŸ“² Download SparX now: https://sparxwallet.com/download

Stay safe and thank you for being part of the Venom journey! ✨
πŸ‘13❀6πŸ†’6πŸ‘Œ5❀‍πŸ”₯1πŸ‘1
➑️ Venom Ecosystem Update: Unstaking & Migration Info ➑️

Dear Venom community,
We’ve fully resolved the previous unstaking delays. Unstaking stVENOM now takes 24 to 60 hours.

⚠️ Important for existing requests:
If you submitted an unstaking transaction before today, it may still take up to 30 days.

You can cancel it directly in the SparX wallet interface and create a new unstaking request to benefit from the updated 24-60 hour processing time.

πŸ” Reminder: Your address and seed phrase remain exactly the same as in the previous Venom wallet.

πŸ”„ Why unstake?
To participate in the upcoming migration, you must first unstake your stVENOM back to VENOM, then swap VENOM to the new token via the official migration portal (1:1 ratio).
πŸ”œ The portal will open soon, stay tuned for an announcement.

πŸ†• New workflow:
All staking and unstaking operations now happen exclusively inside the SparX wallet using the Stake/Unstake button. There is no longer any need to use VenomStake.com.

πŸ‘‰ We’ve prepared a detailed step-by-step guide on using SparX, including everything you need to know about unstaking: πŸ”— https://medium.com/@venom.foundation/how-to-unstake-tokens-seamlessly-with-the-sparx-wallet-89a2e10aa2de

❗️ Stay tuned for the migration portal announcement.

Thank you for your patience and continued support! πŸ™
πŸ‘9❀6πŸ†’2😍1πŸ‘¨β€πŸ’»1😘1
πŸš€ Venom Mainnet Migration Now Live πŸš€

Venom is now moving to the new mainnet!

Migrate your $VENOM and $USDT via a 1:1 swap on the official portal. Token supply and vesting remain unchanged.

πŸ”‘ Key info:
β€’ Old mainnet will stay online for 6 months, so move at your own pace
β€’ Use SparX Wallet (it is replacing Venom Wallet) β†’ sparxwallet.com/download
β€’ The new network features up to 150,000 TPS, sub-second finality, dynamic sharding & more

πŸ”„ Migration Portal:
https://migrate.venom.network

⚠️ Important Warning
The portal works one way only. Do not send tokens back from the new network to the old one or you will lose them. You will also see this warning when signing the migration transfer.

πŸ”— Full guide & details:
https://venom.foundation/migration

βœ… Follow the steps carefully, start with a small test amount, and leave ~0.05 VENOM for fees.

Welcome to the new era of Venom! πŸ”₯
πŸ‘11πŸ”₯5🫑3❀2πŸ‘Œ1
πŸ“° Venom Network Migration Digest πŸ“°

Venom is currently migrating to its next-generation protocol following the successful community vote on VIP-003.

⚑ The upgrade brings 150K TPS, sub-second finality, advanced dynamic sharding, improved PoS, and full backward compatibility, all while keeping a smooth 1:1 transition.

🌍 Major media outlets have been covering this milestone, follow the links to see what they're saying:
β€’ Blockchain Reporter on Venom DAO’s 150K TPS Network Upgrade Vote
β€’ CoinGabbar on Venom DAO’s Next-Generation Network Upgrade Vote
β€’ CoinGabbar on Venom’s Completed Migration to the Next-Generation Protocol

Big step forward for Venom. Keep your eyes peeled for more updates! πŸ‘€
πŸ‘9πŸ†’3❀2πŸ‘€2
⏳ Stage 5 Venom Quests Update ⏳

Due to the ongoing network migration, Stage 5 of Season 6 of Venom Quests has been postponed and is now expected to start within the next 7–14 days.

πŸ‘‰ Because we are switching to the new protocol, users will have to transfer their tokens over to the new network. While we prepare for the launch of Stage 5, you can migrate your $VENOM and $USDT via a 1:1 swap using the official portal: πŸ”— https://migrate.venom.network

πŸ‘€ Please stay tuned for further updates.

Thank you for your patience! πŸ™
πŸ‘9❀7🀝5πŸ‘Œ3
β€‹β€‹πŸŽ 100 QUANTS WL GIVEAWAY! 🎁

We are giving away a whopping 100 free WL spots for the new Quants NFT collection! 🀩

If you were to mint these yourself, it would cost a total of 75 SOL (~$5,800)! πŸ”₯

We have split the prize pool into two parts:

πŸ”Ή Discord Giveaway (50 WL Spots)

Exclusively for Ambassadors.

1️⃣ Not an Ambassador yet? It's super easy to become one! Follow the guide and fill out the form here: LINK πŸ”— (You can apply and earn the role until the giveaway ends).

2️⃣ Already an Ambassador? Make sure your Discord profile meets all requirements.

3️⃣ Go to our Discord, find the giveaway post, and click the "Participate" button πŸ‘‰ LINK πŸ”—

πŸ”Έ Twitter/𝕏 Giveaway (50 WL Spots)

Open to everyone!

1️⃣ Follow Venom Network on 𝕏.
2️⃣ Like & Repost the giveaway tweet.
3️⃣ Join our Discord: https://discord.gg/venomfoundation
4️⃣ Drop a screenshot proving you've joined our Discord in the comments under the tweet!

⏳ Details & Rewards:
β€’ πŸ† Total Prize Pool: 100 WL spots (50 on Discord + 50 on X).
β€’ πŸ“† End Date: July 22.

Take part in both to double up your chances! πŸš€
❀9πŸ‘3πŸ‘1
➑️ Migrate Your Venom Tokens ➑️

The new Venom mainnet is live following a flawless migration.

Holders can now perform a simple 1:1 swap of their tokens through the official migration portal. There are no address changes and everything is running seamlessly.

πŸ”— Portal: https://migrate.venom.network/

βœ… The old chain will remain active for 6 months, so you can migrate at your own pace.

πŸ“ Our CEO, Christopher Louis Tsu, just wrote an essay on what Venom's migration means for the industry, check out the full details here: πŸ‘‰ https://www.thecryptoupdates.com/what-venoms-quiet-migration-says-about-blockchains-coming-of-age/
❀11πŸ‘9πŸ†’8πŸ‘€7πŸ¦„1
πŸ›‘οΈVenom Looking for DeFi Insurance Partner πŸ›‘οΈ

Venom Foundation is actively seeking a DeFi insurance partner πŸ” to boost on-chain security and protect user assets.

🀝 Rather than developing its own insurance service, the platform is looking for a professional underwriting collaborator that can offer dependable claims processing and coverage.

For more details check out this article: πŸ”— https://blockchainreporter.net/venom-foundation-seeks-defi-insurance-partner-to-strengthen-on-chain-security/

πŸ’¬ And if you have any suggestions, leave them in the comments or reach out to us on Discord.
✍5πŸ‘5❀2πŸ†’1
βœ… ChainConnect Maintenance Successfully Completed βœ…

The ChainConnect Bridge platform underwent maintenance work in order to connect to the new Venom network.

The Bridge is now fully functional with Venom operations.

Thank you for your patience! πŸ™
πŸ‘10🀯2πŸ‘Œ1πŸ†’1