Venom, a new L1 blockchain built on TVM, has announced a massive airdrop that will give away free $VENOM tokens to interested users. To participate in this Venom airdrop, users need to follow some simple steps, which are outlined below. Let’s take a look at this Crypto Airdrop Alert in more detail

What is Venom Foundation?

— Web3World (@w3w_exchange)

Venom Foundation is a newly established layer-0 blockchain that aims to revolutionize the global economy by providing decentralized, blockchain-based financial systems. They operate as a financial application-specific blockchain (appchain) and focus on real-world assets (RWA) with the added transparency of blockchain technology. The company is fully regulated by financial authorities in Abu Dhabi, providing users with a secure and trustworthy platform.

Modular Architecture Built on TVM

Venom Foundation is built on its own Threaded Virtual Machine (TVM) – a modular blockchain architecture that allows for the efficient execution of smart contracts through an asynchronous communication model and dynamic sharding. This architecture enables the network to handle interactions between accounts more effectively than EVM-based networks. It enables greater parallelism and reduces delays, which is vital for scaling solutions.

Dynamic Sharding

Venom Foundation’s dynamic sharding feature allows validators to divide into parallel groups when the network experiences heavy loads. These groups handle transactions through “split events,” which prevents delays and increases efficiency. The network’s innovative design aims to facilitate the next generation of digital services and products, making it a crucial infrastructure for future financial applications.

Venom Foundation is a promising platform for those looking for a more efficient and scalable blockchain network. Its modular architecture and dynamic sharding features enable it to handle high loads and provide efficient execution of smart contracts. Moreover, its focus on real-world assets and full regulation by financial authorities make it a trustworthy and secure platform. As Venom Foundation continues to evolve, it will be exciting to see how it shapes the future of blockchain-based financial systems.

Crypto Airdrop Alert: How to Participate in Venom Airdrop? 

Setting up the Venom Wallet

Completing Tasks to be Eligible for the Airdrop

Swapping and Depositing Tokens

Yield Farming and Staking $VENOM

Yield farming, also known as liquidity mining, is a way for cryptocurrency holders to earn rewards for providing liquidity to decentralized finance (DeFi) protocols. In yield farming, users lock up their crypto assets in a smart contract, allowing other users to borrow these assets in exchange for an interest rate. The lenders earn rewards in the form of the protocol’s native tokens or other cryptocurrencies, which they can then trade or hold for potential appreciation in value.

Using the Venom to EVM Bridge

Buying and Listing NFTs on the Marketplace

Conclusion 

Participating in Venom’s $1 billion airdrop is a great opportunity for users to get free $VENOM tokens. By following the above steps, users can participate in the airdrop and increase their chances of winning free tokens. However, users should also exercise caution and do their own research before investing in any cryptocurrency or blockchain project.

Venom, a new L1 blockchain built on TVM, has announced a massive airdrop that will give away free $VENOM tokens to interested users. To participate in this Venom airdrop, users need to follow some simple steps, which are outlined below. Let’s take a look at this Crypto Airdrop Alert in more detail

What is Venom Foundation?

— Web3World (@w3w_exchange)

Venom Foundation is a newly established layer-0 blockchain that aims to revolutionize the global economy by providing decentralized, blockchain-based financial systems. They operate as a financial application-specific blockchain (appchain) and focus on real-world assets (RWA) with the added transparency of blockchain technology. The company is fully regulated by financial authorities in Abu Dhabi, providing users with a secure and trustworthy platform.

Modular Architecture Built on TVM

Venom Foundation is built on its own Threaded Virtual Machine (TVM) – a modular blockchain architecture that allows for the efficient execution of smart contracts through an asynchronous communication model and dynamic sharding. This architecture enables the network to handle interactions between accounts more effectively than EVM-based networks. It enables greater parallelism and reduces delays, which is vital for scaling solutions.

Dynamic Sharding

Venom Foundation’s dynamic sharding feature allows validators to divide into parallel groups when the network experiences heavy loads. These groups handle transactions through “split events,” which prevents delays and increases efficiency. The network’s innovative design aims to facilitate the next generation of digital services and products, making it a crucial infrastructure for future financial applications.

Venom Foundation is a promising platform for those looking for a more efficient and scalable blockchain network. Its modular architecture and dynamic sharding features enable it to handle high loads and provide efficient execution of smart contracts. Moreover, its focus on real-world assets and full regulation by financial authorities make it a trustworthy and secure platform. As Venom Foundation continues to evolve, it will be exciting to see how it shapes the future of blockchain-based financial systems.

Crypto Airdrop Alert: How to Participate in Venom Airdrop? 

Setting up the Venom Wallet

Completing Tasks to be Eligible for the Airdrop

Swapping and Depositing Tokens

Yield Farming and Staking $VENOM

Yield farming, also known as liquidity mining, is a way for cryptocurrency holders to earn rewards for providing liquidity to decentralized finance (DeFi) protocols. In yield farming, users lock up their crypto assets in a smart contract, allowing other users to borrow these assets in exchange for an interest rate. The lenders earn rewards in the form of the protocol’s native tokens or other cryptocurrencies, which they can then trade or hold for potential appreciation in value.

Using the Venom to EVM Bridge

Buying and Listing NFTs on the Marketplace

Conclusion 

Participating in Venom’s $1 billion airdrop is a great opportunity for users to get free $VENOM tokens. By following the above steps, users can participate in the airdrop and increase their chances of winning free tokens. However, users should also exercise caution and do their own research before investing in any cryptocurrency or blockchain project.