Venom
VENOM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
VENOM (Venom) exhibits severe systemic and structural vulnerabilities across all key dimensions, resulting in an overall score of 2.2/10. The project experienced a critical organizational breakdown when the Venom Foundation voluntarily cancelled its ADGM regulatory commercial license in February 2024 and entered liquidation in March 2024, causing key executive departures. Following this collapse, operational control shifted to Venom DAO, which executed governance proposal VIP-003 involving a 1:1 token swap and network migration in June 2026. The ecosystem faces heavy ongoing headwinds: major centralized exchange delistings (including Bybit, OKX, and Coins.ph), an unrecovered >98% price collapse from its peak, zero verifiable public codebase audits, and severe token centralization (99.5% retained by insiders/foundation/validators with 71% locked under vesting schedules stretching to 2032). Furthermore, user engagement is largely artificial and reliant on incentivized quest campaigns rather than organic enterprise or retail demand. Given the migration history, structural liquidation, and loss of its foundational regulatory wrapper, the project carries extreme downside risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Venom (VENOM)
Venom (VENOM) is the utility token of an asynchronous Layer-0 and Layer-1 blockchain built on TVM (TON Virtual Machine) architecture that underwent a network migration and 1:1 token swap under governance proposal VIP-003 in June 2026. Originally developed to provide enterprise and central bank digital currency (CBDC) infrastructure in the Middle East and North Africa (MENA) region, the network operates using ecosystem tooling such as the SparX Wallet and the venomscan.com explorer. The token has a maximum supply of 8.00 billion with an initial supply of 7.20 billion.
The project experienced a major organizational collapse when the Venom Foundation voluntarily cancelled its Abu Dhabi Global Market (ADGM) commercial license in February 2024 and entered liquidation in March 2024. Following the departure of founding leadership, management transitioned to the community-led Venom DAO. While the DAO maintains ongoing operations and incentivized user campaigns, the project lacks verifiable third-party security audits and sustained organic developer activity.
VENOM has encountered severe market and structural headwinds, including an unrecovered price drop of over 98% from its all-time high of approximately $0.80, as well as reported delistings from exchanges including Bybit in April 2025, OKX in June 2025, and Coins.ph in May 2026. In addition, token distribution remains heavily centralized, with only 0.5% allocated to the public sale, 99.5% retained by insiders, validators, and foundation allocations, and approximately 71% of the supply locked under vesting schedules extending through 2032.