Venom Airdrop — Is the Sheikh Blockchain the next big thing?
How to Get a Potential $VENOM Token Airdrop — Step by Step Guide
Venom Foundation, an Abu Dhabi-based blockchain company, is making waves with its mission to empower emerging economies via advanced blockchain infrastructure. Licensed by UAE’s ADGM, they’ve recently launched a whopping $1B fund for Web3, blockchain, and crypto projects.
In this article, we take a look at the Venom Blockchain and its potential. I analyze the likelihood of a $VENOM token airdrop and give you a step by step guide on how to prepare for a potential airdrop.
If you need help navigating the world of cryptocurrencies, contact me at chainwhizz.com and book a free initial consultation.
Introducing Venom Blockchain
The Venom blockchain is a proof-of-stake, Turing-complete blockchain that employs the Byzantium Fault Tolerance consensus algorithm. This new kid on the block is set to shake things up by providing fast, secure, and scalable solutions for various industries.
Venom aims to bridge the gap between the traditional financial system and the decentralized world of cryptocurrency. Its target markets include CBDC, CBDC-backed stablecoin, Proof of Reserves mechanisms, finance for the unbanked and microtransactions. Some of Venom Blockchains unique features include dynamic sharding, a hybrid consensus protocol, and a distinctive asynchronous architecture.
The $VENOM Token
The native token of the Venom blockchain ecosystem is $VENOM. Currently an inflationary utility token, it is poised to switch to a deflationary model in the future. Venom tokens serve various purposes, including incentivizing validators, ensuring network security, delegated staking, and governance.
Is a $VENOM Airdrop likely?
Venom Foundation has made it quite clear that they intend to reward early adopters. According to their whitepaper, 22% of the initial token supply will be allocated to the community, likely through an airdrop to early users.
To get your hands on the $VENOM airdrop, you’ll need to interact with the Venom Network Testnet. Follow the step-by-step instructions below to get ready for a potential Venom airdrop.
Step by Step Guide
1/ Create a Venom Wallet
- Go to https://venomwallet.com, and install a Venom Wallet (Chrome and Brave users can download it here too).
- Create a new wallet and secure your seed phrase.
2/ Claim Testnet $VENOM Tokens
- Go to https://venom.network/tasks and log in with your Venom Wallet.
- Connect your Twitter account and follow Venom Foundation to claim 50 $VENOM.
3/ Complete Venom Ecosystem Tasks
- Go to https://venom.network/tasks and accomplish the tasks associated with each DApp to bag an NFT. These NFTs are like badges of your involvement with the ecosystem and could be your golden ticket to snagging airdrop rewards down the line.
4/ Join Venom Discord
- Join the Venom Discord server for updates and discussion.
5/ Optional: Join the Venom Hackathon
- Build on Venom and compete for a $225,000 prize pool
Conclusion
And there you have it, folks! Everything you need to know about Venom Foundation and the potential for a $VENOM token airdrop. This Abu Dhabi-based blockchain company is all geared up to make a splash in the world of blockchain and crypto, and it’s a train you might want to consider hopping on. This sheikh blockchain could just be the next big thing!
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None of the above is financial advice.
