FAQ

If you have additional questions, please open a ticket from our community server.

You can find our community at PlatyPond

Will NFTs still be able to earn VNM while staking?

A: Yes, NFTs were designed to be perpetual. The goal was to allow the incubated businesses into which we built the $VNM loyalty rewards to continue to create buying pressure on the open market to refill their individual Venom treasuries.

Why does the project need to sell the $VNM tokens?

A: Our tokenomics initially were designed to boast confidence that there was a long-term vision and plan. What we learned is that this long-term vision was an attractive tokenomics plan for the DeFi community. This pivot allows us to increase circulation while also providing DeFi opportunities to every holder.

What about the second phase of the NISO?

A: The second phase will be canceled, and the "After NISO" rewarding cadence will begin.

The "After NISO" cadence uses the timestamp of your rewards from the transactions tab in they would be able to withdraw that batch of $VNM on March 30th at 12:00:00.

How will we earn ADA from staking our $VNM?

A: We will be providing new functionality to only our Platypus NFT members. This is where you will be able to stake your VNM tokens into smart contract lockups to earn ADA over a period of time.

Where does the ADA come from to fuel the buy backs & ADA reward distribution?

A: The Venom Vat Roadmap is where the token flow opportunities are derived from.