Venice Token (VVV) is the native token of the Venice AI platform. The token launched at 6 pm UTC on Jan. 27, 2025, VVV operates on the Ethereum layer-2 Base (BASE-ERC20) and integrates with the Venice Community Chain (VCC).
Founded by Bitcoin advocate Erik Voorhees, Venice AI focuses on privacy-driven artificial intelligence solutions. VVV serves multiple purposes within the Venice ecosystem, including providing access to AI services, participating in token sales, and engaging in special platform events.
VVV holders receive daily bonuses from trading fees collected by the platform. Using VVV to pay for services offers trading fee discounts, making transactions more affordable.
Additionally, staking VVV on Venice Earn allows holders to share in Venice AI’s profits. The token is also used for participating in token sales and exclusive events on the platform. Venice regularly buys back and burns VVV to reduce supply and increase token value over time.
