According to the latest development, cryptocurrency exchange Coinbase has decided to list the Venice Token (VVV ($17.80)) token on the spot market.
The altcoin, which was launched on the Base network owned by Coinbase, may have played a role in its network preference listing. The token is not yet traded on the market and will be airdropped to users shortly.
Launched in May 2024, the platform provides decentralized access to open-source AI models to generate text, images, and code via web and mobile applications, with no downloads or accounts required for basic use.
Venice stores conversations only in local browsers and processes them through decentralized GPUs, encrypting data in transit.
Related News: Analytics Firm Reveals – Whales Crush Retail Investors in These 11 Altcoins, Showing Ultra Interest
Venice has created 100 million VVV tokens, 50% of which are allocated to Venice users and cryptocurrencies. The remaining tokens are allocated to Venice’s treasury, team, and liquidity pools. Users can stake VVV tokens to gain continuous access to Venice’s API capacity, with 1% of staked tokens granting access to 1% of the platform’s API capacity. distributed to the community via airdrop.
*This is not investment advice.
Continue Reading: BREAKING: Coinbase Announces the Listing of a New Altcoin
