Venice announces token economic model: total 100 million tokens, 50% airdropped to Venice users and AI community

Odaily reports that the AI project Venice, which is based on DeepSeek on the Base chain, has announced the opening of its API to the public for use by AI agents, developers, and third-party applications. They have also launched a native token called VVV and are offering an airdrop to eligible users, including holders of AERO, DEGEN, AIXBT, GAME, LUNA, VADER, CLANKER, and MOR. The claiming window is open for 45 days from the date of publication (until March 13, 2025). The total VVV token supply is 100 million, with no pre-sale, no governance, and no external investors. The FDV at launch is $20 million. The airdrop details for Venice users are: 25 million VVV tokens (25% of the supply) for over 100,000 eligible Venice users who have more than 25 credits and have upgraded to Pro. The token distribution is as follows: 50 million (50%) for Venice users and the AI community, 35 million (35%) for Venice.ai, 10 million (10%) for an incentive fund, and 5 million (5%) for liquidity deployment. The snapshot will be taken on December 31, 2024. Any AI agent or builder who stakes VVV can use the Venice API for free inference, with access to private and uncensored text, image, and code generation. Users can also earn rewards during the staking period. Venice offers access to leading models like Llama 3.3, Qwen 2.5 Coder, and the new Deepseek, and unlike other AI API providers, Venice is private, with no monitoring of prompts or conversation data, and no content restrictions.