Venom obtained an Abu Dhabi license and government partnership, but the token has dropped 97%, indicating insufficient market confidence.
OGAudit Web3 Research: @VenomFoundation $VENOM - First Blockchain Licensed in Abu Dhabi, Building the UAE’s National Carbon Credit System.
Venom is a Layer 0/Layer 1 network built around a Masterchain/Workchain/Shardchain architecture, using dynamic sharding to split or merge shardchains automatically based on real time transaction load:
- Smart contracts run on the Threaded Virtual Machine (TVM), which uses an actor model where each account operates as an independent server asynchronous unit, contracts execute in parallel threads that don’t need to wait on each other unless directly dependent, a different approach from Ethereum’s EVM that Venom’s own documentation argues improves throughput and lowers computational overhead.
- Beyond the ADGM licensing and carbon credit initiative, Venom Ventures Fund (managed by Abu Dhabi’s Iceberg Capital) has made strategic investments including a $5 million commitment to the Everscale blockchain and the Foundation has partnered with Hub71 (Abu Dhabi’s tech ecosystem accelerator) and DAO Maker to incubate Web3 startups focused on real world use cases positioning Venom’s growth strategy around Gulf region institutional and government relationships rather than purely retail crypto adoption.
- Circulating supply figures show real disagreement across trackers ranging from roughly 989 million to 3.25 billion VENOM, likely reflecting different treatment of tokens that have technically unlocked but aren’t yet actively traded, total/max supply is consistently reported around 7.3-8 billion, meaning even the higher circulating estimate represents less than half of eventual total supply.
Is being the first ADGM licensed blockchain with a direct UAE government carbon credit partnership and Gulf sovereign adjacent capital backing enough to eventually translate into sustained token demand or does a 97% decline from all time highs, a market cap that has fallen from a reported $262 million at initial listing to somewhere between $10-60 million today and unusually inconsistent circulating supply reporting across major trackers suggest VENOM’s institutional relationships haven’t yet been matched by market conviction?
Category: Layer 1
Coin Name: $VENOM
Market Cap: $11.18M
OG Score: 21
OG Score Rank: #665/954
See the Social Audit with Reviews by crypto OG’s and more on the $VENOM Coin page: ogaudit(.)com/crypto/venom-venom
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