The recent emergence of the Chinese AI company DeepSeek has shaken up the established AI market. While DeepSeek's download volume has surpassed that of ChatGPT in a short period of time, its registration system has also been subject to limitations. The AI system called Venice has quickly moved DeepSeek to the Base chain, allowing users to interact with the DeepSeek model without the need for registration. Venice was immediately endorsed by the Base chain official and Jesse Pollak upon its launch on the Base chain, with its token market capitalization surpassing $1.9 billion, and it was listed on Coinbase within 6 hours.
In fact, DeepSeek does not outperform mainstream competitors like ChatGPT in terms of functionality, but is known for its officially claimed low development costs. The market has realized that it is possible to create AI models of a similar level without the high costs of companies like OpenAI and Meta, leading to a significant downward revision of NVIDIA-led AI stocks and a decline in the crypto market.
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ToggleDeepSeek has moved to the chain
Yesterday, DeepSeek officially surpassed ChatGPT and became the number one downloaded app in the US and Chinese App Stores. The explosive traffic in a short period of time has also caused issues, with the telephone number registration only open to the Chinese country code (+86) and delays or failure to receive verification emails for email registration.
As DeepSeek is an open-source system, AskVenice has quickly moved the model to the chain, allowing users to interact with the DeepSeek model on the AskVenice website. The platform currently offers models including Llama 3.3, Qwen 2.5 Coder, and the latest DeepSeek. The official statement claims that using AskVenice can balance privacy and freedom of speech, as it does not store user conversations, and the website can bypass the sensitive keywords of the original DeepSeek.
AskVenice token market cap approaches $2 billion, airdrop claims are live
AskVenice's founder, Erik Voorhees, previously founded the decentralized exchange ShapeShift and transitioned to the AI sector in 2024. The AskVenice official states that since its launch in May 2024, it has accumulated 400,000 registered users, 50,000 daily active users, and 15,000 inference requests per hour. The platform's token has no external investors, and its token economics are as follows:
- 25% user airdrop
- 25% airdrop to other AI agents
- 35% retained by the company
- 10% incentive fund
- 5% genesis liquidity
The token's initial market cap was around $200 million, and it has since been pumped to nearly $2 billion. The Base chain official and core contributor Jesse Pollak have also shared AskVenice's posts. Earlier, Coinbase announced that it will list the AskVenice token $VVV.
$VVV will also be airdropped to Base chain players, including holders of tokens like Aerodrome, Virtuals, and Aixbt, who can claim the airdrop through the official link. Additionally, previous purchasers of AskVenice services will also have functionality.
Trading $VVV is equivalent to trading the right to use AskVenice
Unlike DeepSeek's free strategy, some AskVenice functionalities require a paid subscription. Users can unlock models like DeepSeek R1, Qwen 2.5 Coder, Llama 3.1, and Dolphin for $18 per month or $149 per year.
By staking $VVV, users can access these functionalities for free and also receive staking rewards. Specifically, if a user's staked tokens account for 1% of the total staked amount, they will have 1% of the platform's usage rights (e.g., 100 free uses out of 10,000 daily free uses). No $VVV tokens are deducted during usage, as the usage is distributed proportionally.
Furthermore, AskVenice is airdropping a large amount of tokens to other AI agents, which adds more potential. Other AI agents may stake $VVV to integrate the API and use AskVenice as their own AI model.
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