Major Exchange-Listed Altcoin Announces Burning All $100 Million in Unclaimed Airdrop Tokens

Venice (VVV) has officially completed its community airdrop, resulting in the permanent burning of approximately $100 million worth of unclaimed VVV tokens today. This move makes these assets irredeemable, significantly reducing the token’s circulating supply. VVV is currently traded on Coinbase, KuCoin, MEXC, and Gateio, but is not listed on Binance. Venice presents itself as a private, censorship-resistant AI platform powered by decentralized infrastructure and built on open source models. The VVV token acts as a bridge between blockchain and generative AI, allowing AI agents, bots, and developers to access decentralized, censorship-free inference through its API. By removing human and banking intermediaries, Venice reduces costs and disruptions compared to closed-source AI platforms. Related News: BREAKING: There Are Claims That The Ripple-SEC Lawsuit May Be Concluded Soon - Here's The Latest Information The VVV token was launched on the Ethereum Layer 2 Base network on January 27, with half of the 100 million tokens created on Genesis allocated to Venice users and cryptocurrency AI community projects. The claim period lasted 45 days, during which time over 40,000 participants claimed over 17.4 million VVV. With the remaining 32.6 million VVV burned, Venice stated that the tokens had been “widely distributed” and set the stage for the next phase of the project. The burn represents 65% of the community allocation and a third of the total Genesis supply, significantly reducing the number of tokens in circulation. However, Venice plans to release approximately 14 million VVV tokens per year, resulting in an initial inflation rate of 14% that will decrease over time. *This is not investment advice. Continue Reading: Major Exchange-Listed Altcoin Announces Burning All $100 Million in Unclaimed Airdrop Tokens