Binance on January 29th announced that it will list the VVVUSDT Perpetual Contract with up to 25x leverage. The move aims to increase the range of trading options available on the platform and improve the trading experience for customers.
However, despite the positive news, the price of the Venice Token ($VVV) continued its downward trading. At press time, the coin is trading at $9.78, down 29.65% as compared to the same time last day.
$VVV Token: The AI Token For Customers
Erik Voorhees created the Venice.ai platform, whose underlying token is the Venice Token (VVV), to give users and AI agents autonomous, unrestricted access to AI services whenever they’re needed.
Because the VVV token is based on Ethereum’s Base Layer 2 network, customers can utilize the AI services without worrying about censorship or privacy concerns. The distribution of the VVV token is made possible by staking and VVV airdrop campaigns, which spare the AI agents from financial expenses.
The issue of obtaining AI services without paying fees is swiftly resolved by staking, which gives users access to unique APIs and allows them to take advantage of staking incentives.
Also Read: LUMIA Token Plummets Down More Than 5% Despite The “Binance Future Listing Effect”
Why is the $VVV Token Gaining Traction?
The Venice Token (VVV), which is exchanged on the Ethereum Base Layer 2 blockchain, serves as the main medium of exchange within the Venice.ai ecosystem.
Through open and undisclosed AI platforms, staking VVV enables users and AI agents to participate in innovative and non-restrictive AI inference operations.
Staking allows users to access the API by locking up a certain number of VVV tokens, which allows them to perform AI inferences at no additional cost. Individuals who stake also get benefits in the form of VVV tokens.
Will The $VVV Token Rise in The Future?
The $VVV TOKEN HAS BEEN LAUNCHED WITH AN AIM OF BRING ai close to decentralization. Despite the current price of the token being down, it has garnered immense attention from audience.
Within two hours of its launch, this token—which is based on Ethereum’s layer-2 Base network—reached incredible heights, reaching a fully diluted valuation of over $1 billion.
Offering decentralized access to cutting-edge AI services with privacy as a fundamental component is the goal of the Venice Token launch, which is about more than simply statistics.
As per market indicators, the present sentiment for the future price trajectory of $VVV is bullish and the Fear & Greed Index is currently at 72 (Greed).