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Vignesh S G
Vignesh S G
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- Jan 28, 2025 09:33 UTC
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Venice AI Airdrop: VVV Token Hits $1B Valuation in Just 2 Hours!
Venice AI, an uncensored AI platform, launched its Venice Token (VVV) on the Base network, achieving a $1 billion fully diluted valuation within two hours.
The VVV token has a total supply of over 100 million, with 50% allocated for airdrops, 35% for the company, and the rest for incentives and liquidity.
Venice AI emphasizes privacy and uses open-source AI, addressing concerns about data security compared to other platforms like DeepSeek.
Venice AI, a private and uncensored alternative to popular AI apps created by Erick Voorhees, has launched its own token—Venice Token (VVV). This token, built on the Base layer-2 network of Ethereum, has already created a buzz in the cryptocurrency market.
Venice Token was officially launched on January 27, 2025, and within just two hours, it reached a fully diluted valuation (FDV) of over $1 billion. Currently, the FDV stands at $1,644,752,372, with a 56.5% increase in market value over the last 24 hours.
Want to know more about this rapid rise? Keep reading!
Venice Market Growth & Changes
At one point on January 28, VVV’s market cap hit around $390,336,994. Today, it stands at $338,704,512, showing a decrease of 13.22% from its peak. However, the 24-hour trading volume of VVV remains strong at $487,723,885.
Understanding the Token Supply
Venice Token has a total supply of 100,174,475 VVV tokens. Here’s how it’s distributed:
- 50% (50 million VVV) will be used for airdrops to Venice users and the broader crypto and AI community.
- 35% (35 million VVV) is allocated to the Venice.ai company.
- 10% (10 million VVV) will fund the Venice Incentive Fund.
- 5% (5 million VVV) is set aside for liquidity deployment.
Venice AI stands out for its use of open-source AI technology, providing uncensored and unbiased machine intelligence. It places a strong emphasis on user privacy, which has helped the platform attract over 400,000 registered users.
Venice currently processes around 15,000 inference requests every hour, showcasing its growing popularity.
DeepSeek Privacy Concerns Addressed
While Venice AI is gaining attention, the crypto community is also watching DeepSeek, an AI project that has shaken up the US AI market with its low-GPU, cost-effective AI model. However, DeepSeek’s data handling, particularly its Chinese connections, has raised concerns.
To address this, Voorhees assured the public that when DeepSeek R-1 is accessed through Venice, no data is at risk of being stolen. Venice’s strong privacy measures help reassure users and protect their information.
The launch of Venice Token highlights how the worlds of cryptocurrency and AI are coming together to drive innovation.
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