Question 1

What is Venom (VENOM)?

Accepted Answer

Venom (VENOM) is a digital asset operating on a blockchain network designed for secure and efficient transactions. It leverages cryptographic techniques to ensure the integrity and confidentiality of its transactions. Venom aims to provide a decentralised platform supporting various applications, including decentralised finance (DeFi) and other blockchain-based services. The Venom blockchain employs an asynchronous architecture with dynamic sharding, offering scalability and high security.

Question 2

What is Venom (VENOM) used for?

Accepted Answer

Venom (VENOM) serves several primary functions:

* **Transactions:** VENOM tokens facilitate peer-to-peer transactions, allowing users to transfer value securely and efficiently without intermediaries.
* **Decentralised Applications (dApps):** The Venom blockchain supports the creation and operation of dApps, enabling developers to build applications that utilise blockchain technology.
* **Staking and Governance:** Users can stake VENOM tokens to participate in the network's consensus mechanism, contributing to network security and stability. Token holders can also engage in governance, voting on proposals and protocol changes.
* **Decentralised Finance (DeFi):** VENOM is utilised in various DeFi applications, including lending, borrowing, and yield farming, providing users with financial services outside traditional financial institutions​​​.

Question 3

Who created Venom (VENOM)?

Accepted Answer

Venom (VENOM) was created by a team of blockchain experts and is overseen by the Venom Foundation. The key figure behind the development and leadership of the Venom blockchain is Christopher Louis Tsu, a seasoned entrepreneur with extensive experience in technology innovation. He serves as the CEO and CTO of the Venom Foundation and has a background in founding startups across various sectors including digital TV, satellite communications, and medical biotech.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Open	24h High
1	VENOM-USDT VENOMUSDT	hitbtc	E	0.008486USDT	0.00%	0VENOM	0.008486USDT	0.008486USDT
2	VENOM-USDT VENOM_USDT	poloniex	C	0.02120USDT	0.00%	0VENOM	0.02120USDT	0.02120USDT
3	VENOM-BTC VENOMBTC	hitbtc	E	0.0₆2559BTC	0.00%	0VENOM	0.0₆2559BTC	0.0₆2559BTC