The cryptocurrency exchange OKX has officially announced the listing of the VENOM token, a significant addition to its extensive range of trading options. This Layer-0 blockchain token is now available for trading, marking a pivotal moment for both the platform and the digital asset.
VENOM Token Trading Now Live on OKX
OKX has integrated VENOM into its trading ecosystem, making it available as a VENOM/USDT spot trading pair. Deposits for the token opened on March 22, with spot trading officially commencing on March 25. This move provides traders with immediate access to a new and promising digital asset.
Margin trading for VENOM is set to begin on March 26, offering advanced trading strategies for experienced investors. Withdrawals will be enabled starting March 28, ensuring a smooth and structured rollout. Currently, OKX is the exclusive platform where VENOM can be traded, highlighting the exchange’s role in introducing innovative cryptocurrencies to the market.
👉 Explore advanced trading strategies
OKX is renowned for its robust trading services, including spot, derivatives, and margin trading. As one of the world’s leading cryptocurrency exchanges, it also features a native Web3.0 wallet, providing a comprehensive ecosystem for digital asset management. The interface was updated specifically to support the VENOM token launch, ensuring a seamless user experience.
Understanding the VENOM Blockchain Network
VENOM is designed as a multi-chain network focused on Web3.0 applications, particularly in decentralized finance (DeFi) and cross-border payments. Its architecture emphasizes high scalability, addressing common limitations faced by earlier blockchain solutions.
The network operates using a system of work chains and shard chains. These smaller side chains process their own transactions independently, reducing the load on the main network. The master chain oversees network operations, validators, and staking mechanisms, ensuring efficiency and security.
The VENOM token serves multiple purposes within the ecosystem. It is used for staking, governance voting, and transaction fees, making it an integral component of the network’s functionality. The token’s initial listing on OKX marks its debut in the exchange environment, with its price history beginning on March 25.
Market Performance and Tokenomics
At launch, VENOM was priced at approximately $0.6975 per token. Since trading began on OKX, the token has experienced significant volatility, with an average daily increase of 36% in its initial phase. The exclusive coin launch on OKX has generated considerable interest, contributing to its early price movements.
The total supply of VENOM tokens is capped at 7,200,000,000. This fixed supply is designed to create scarcity and potential value appreciation over time. The token’s utility within the network, combined with its limited availability, positions it as a noteworthy asset in the cryptocurrency market.
Frequently Asked Questions
What is the VENOM token?
VENOM is the native token of a Layer-0 blockchain network focused on Web3.0 applications. It is used for staking, governance, and transaction fees within the ecosystem.
When did VENOM start trading on OKX?
Spot trading for the VENOM/USDT pair began on March 25. Margin trading started on March 26, and withdrawals became available on March 28.
What makes VENOM unique?
VENOM’s multi-chain architecture enhances scalability by using work chains and shard chains to process transactions independently. This design supports efficient DeFi and cross-border payment solutions.
Where can I buy VENOM tokens?
Currently, OKX is the only exchange offering VENOM trading. The token is available for spot and margin trading against USDT.
What is the total supply of VENOM tokens?
The maximum supply is 7.2 billion tokens. This fixed supply is intended to support the token’s value and utility within the network.
Is VENOM a good investment?
Cryptocurrency investments are inherently volatile and carry risks. While VENOM’s technology and exclusive listing may present opportunities, thorough research and professional financial advice are recommended before investing.