Venom (VNM) Launches New Token with Innovative Staking and Yielding Features
LEWES, DE / ACCESSWIRE / April 26, 2023
Venom (#VNM) has announced the launch of its new token with groundbreaking staking and yielding features that have never been seen before in the ethereum crypto space. VNM aims to provide a sustainable and profitable ecosystem for its community, where every member can earn rewards for their contribution to the network.
One of the key features of VNM is its staking mechanism, which allows holders to stake their tokens and earn additional rewards. The staking pool can distribute reflections from the token smart contract to stakers according to the amount they have staked, allowing them to earn a percentage of the overall rewards pool. The staking system has been designed to enhance the rewards system so that holders are not missing reflections by participating in the staking pool. Holders can manage their participation in the staking pool via the Venom Staking dAPP. With these new features, users can now stake their VNM tokens with complete trust and transparency, knowing that their rewards are being distributed fairly and equitably.
Moreover, Venom's yield percentage is set to be highly competitive, with a 6% buy and sell tax that is distributed to VNM holders. The buy (6%) and sell (6%) taxes for the project are based on a 2% True Burn, 2% Marketing, and 2% Reflections. Additionally, there is a small 1% transfer tax.
To ensure the long-term success of the project, proper token distribution and allocation are critical. Venom has allocated 35% of its tokens to the public sale, 20% to the private sale, 16% to liquidity, 12.5% to the core team, and 11.5% to the staking pool. The team manages the distribution of tokens via vesting schedules with the core team holding the longest vesting schedule at over a year with the LP locked at launch.
Venom's innovative tokenomics is designed to increase token optionality by providing a broad range of options for token utility. Some examples include purchasing items in crypto vending machines around the world, providing liquidity in several decentralized exchanges, or placing tokens into a staking pool for yield. By increasing the quantity of goods and services that the token can plug into, Venom aims to increase the velocity of money, thereby increasing the token's value over time.
In addition to the staking smart contract, the team has also introduced other important new features that will enhance the user experience. For example, the rewards system now includes multipliers, which adjust the dividend tracker for those who hold their tokens for longer periods of time. With this system, users can earn up to 7x the amount of VNM they receive in reflections, giving them even greater rewards for their participation. Overall, these new features demonstrate the project's commitment to building a truly trustless, transparent, and equitable staking protocol that is accessible to everyone.
Moreover, the tokenomics include a true burn function. Calculations for total supply are made on each burn event, which is the only way to ensure that the blockchain is recording the burns properly. Otherwise, there would be no true price impact of the burns.
Moreover, the tokenomics include a true burn function. Calculations for total supply are made on each burn event, which is the only way to ensure that the blockchain is recording the burns properly. Otherwise, there would be no true price impact of the burns.
In conclusion, Venom (VNM) offers a unique opportunity for crypto investors looking for a sustainable and profitable ecosystem. With its innovative staking and yielding features, highly competitive yield percentage, and robust tokenomics, Venom has the potential to become a major player in the crypto space.
The team easily hit their hard cap with a 77.9 ETH private sale on 1 May 23.. The public sale will be on 10 May 23 and will last for 96 hours. Finally, the token will launch on 15 May 23. The team encourages those who wish to learn more to join the community and be part of this exciting new venture.
The team easily hit their hard cap with a 77.9 ETH private sale on 1 May 23.. The public sale will be on 10 May 23 and will last for 96 hours. Finally, the token will launch on 15 May 23. The team encourages those who wish to learn more to join the community and be part of this exciting new venture.
Contact
Email: contact@venomcrypto.io
Website: https://venomcrypto.io
Twitter: https://twitter.com/VenomCryptoVNM
Telegram: https://t.me/VenomVNM
Website: https://venomcrypto.io
Twitter: https://twitter.com/VenomCryptoVNM
Telegram: https://t.me/VenomVNM