✅ Qualify in Venom Airdrop — Could be worth $10k 🪂

May 23rd, 2023

🌐 Short Introduction

@VenomFoundation is a fresh layer-0 blockchain that aims for a worldwide economy constructed on decentralized, blockchain-Based financial systems!! It’s designed to be the infrastructure for the next generation of digital services and products.

Their modular blockchain “Threaded Virtual Machine (TVM)” allows for fast smart contract execution with dynamic sharding. It can handle interactions better than EVM-based networks, making it great for digital products. To know more in detailed, check their official blog post.

💰 Can Venom truly surpass the Arbitrum Airdrop?

The Venom Foundation is a Abu Dhabi Global Market (ADGM) based blockchain platform, has partnered with Iceberg Capital and announced their intention to invest a substantial $1 billion fund in Web3 and blockchain firms.

Source: https://cointelegraph.com/news/abu-dhabi-based-venom-foundation-launches-1b-fund-for-web3-and-blockchain

It’s obvious that the majority of the funds will be allocated towards Venom’s own ecosystem development and growth. With their considerable financial resources, they are well-prepared for effective marketing. I think Venom can execute a more successful airdrop than Arbitrum.

🤷‍♂️ Does they have tokens and is there a chance of an Airdrop ?

Yes, Venom Foundation has its native token called $VENOM, which serves various purposes such as paying fees, compensating validators, securing the network via proof-of-stake, and offering DePools staking on the Venom Blockchain.

According to their white paper, $VENOM does not have a fixed maximum supply and operates on an inflationary model with an estimated annual inflation rate of 1%. However, The initial supply of the $VENOM tokens at the mainnet launch is expected to be 7.2 Billion and 22% of the initial token supply will be distributed to the community.

In my opinion, it’s highly probable that this allocation will be used for airdrops or other incentive events aimed at gaining early community support for their ecosystem.

✅ How To Participate in Venom Testnet ?

They have launched their testnet and are offering NFTs to participants. I think, these NFTs could serve as proof of being an early supporter, and the more NFTs we possess, the better our chances of receiving a larger token allocation. However, please note that this is purely speculative as the airdrop has not been confirmed. If it does occur, now is a great time to begin and become eligible for their upcoming airdrop!

**Here are the steps we will follow:**1️⃣ Set up a Venom Wallet & Claim faucets.2️⃣ Complete Ecosystem All Tasks & Claim NFTs.3️⃣ Complete additional tasks.

1️⃣ Set up a Venom Wallet & Claim Faucets

To get start you have create a Venom wallet first

▶ Visit: https://chrome.google.com/webstore/detail/venom-wallet/ojggmchlghnjlapmfbnjholfjkiidbch

▶ Download the Venom Wallet Extension and create a wallet.

Note: Be sure to save your Seed Phrase in a secure place

Now, to claim the faucets and acquire test tokens, follow these steps👇

▶ Visit: https://venom.network/tasks▶ Connect your Venom wallet, connect your Twitter account, and follow @VenomFoundation.

▶After that you will be able to claim 50 $VENOM Tokens

2️⃣ Complete Ecosystem All Tasks & Claim NFTs.

▶ Once you have claimed the faucets, the website will automatically update and redirect you to the Venom ecosystem page.

▶ From there, proceed to complete all the available//Upcoming tasks in the “Explore Ecosystem” section one by one, and claim the respective NFTs by clicking on “Mint”.

*Note: To complete the bridge task, you may need some BNB Testnet Faucets. You can obtain these faucets from here: *https://testnet.binance.org/faucet-smart/

3️⃣ Complete additional tasks

After completing all tasks and claiming the NFT, please share screenshots of all completed tasks, your wallet address, and provide feedback in their Discord “ Completed Task” channel.

▶ Join Discord: https://discord.gg/venomfoundation