Overview
Venice is a privacy-first AI platform providing private, uncensored access to 100+ AI models across text, image, code, video, audio, music, and speech. Unlike mainstream AI platforms that collect, monitor, and monetize user data, Venice processes all requests with zero data retention. The platform serves over 2 million users across web, mobile, and AP.
VVV is Venice’s native utility token on Base. VVV holders stake for yield and lock their tokens to mint DIEM — Venice’s API credit token where 1 DIEM = $1 USD in inference credits, refreshing daily when staked. This creates a sustainable model where token holders receive ongoing, zero-marginal-cost access to Venice’s inference capacity proportional to their stake. DIEM is live and trading on Aerodrome and Uniswap on Base, serving as a composable compute primitive for the onchain AI economy.
Growth Trajectory
Since VVV launched on January 27, 2025, the Venice ecosystem has scaled rapidly across every dimension:
Market Cap Rank: #146 (CoinGecko)
Exchanges: 5 at launch → 30+
Models Available: ~20 at launch → 100+ across 8 modalities
Daily Prompts (API): 34,200 at launch → 1.3M+
Platform Users: 450,000 at launch → 2+ million
Token Holders: 126,369
General Information
Token Asset Name: Venice Token (VVV)
Contract Address: 0xacfE6019Ed1A7Dc6f7B508C02d1b04ec88cC21bf
Staking Contract: 0x321b7ff75154472B18EDb199033fF4D116F340Ff
Standard: ERC-20 on Base
Deployed: January 27, 2025 (400+ days live)
Description
Venice is a full-stack private AI platform with 100+ models across 8 modalities. The platform supports text generation (GPT-5.4, Claude Opus 4.6, Gemini 3 Pro, DeepSeek V3.2, Qwen 3.5, GLM 5, Llama 3.1 405B), image generation (Z-Image Turbo, Qwen Image 2 Pro, HiDream, Chroma, Stable Diffusion 3.5), video generation (Veo 3.1, Sora 2 Pro, Kling V3 Pro, Wan 2.6), plus music generation, text-to-speech, speech recognition, embeddings, and image editing/upscaling.
The token operates through a two-token system:
VVV → DIEM: VVV is the native private AI token on Base and the capital asset of Venice, with a monthly buy-and-buy mechanism and on the road to becoming deflationary. Holders stake for yield and lock their tokens to mint DIEM, Venice’s API credit token — 1 DIEM = $1 USD in inference credits, refreshing daily.
Venice economics: Venice combines a traditional SaaS model (Pro subscriptions at $18/mo) with a cryptoeconomic model. A portion of revenue buys and burns VVV, creating deflationary pressure. Emissions were reduced to 6M VVV/year in February 2026 (down from 14M/year at launch).
Benefits to the Moonwell Community
Base-native infrastructure token: VVV launched natively on Base with the largest-ever airdrop on the Base blockchain, with a Day 1 Coinbase listing.
Utility-backed demand from millions of users: Venice serves millions of users, with daliy API calls over 1.3M.. The staking-for-compute model creates sustained demand beyond speculation.
Mainstream model access: Venice provides private anonymized access to mainstream models (GPT-5.4, Claude Opus 4.6, Gemini 3 Pro, and more) alongside open-source models — the only platform offering this breadth with zero data retention.
AI agent composability: Agents on Base can autonomously acquire VVV, stake it, lock it, mint DIEM, generate API keys, and access 100+ models. 25% of genesis supply went to Base AI agents (Virtuals, Luna, aixbt, VaderAI, etc).
Existing DeFi utility: VVV already serves as collateral in other lending protocols — fxUSD lending pool accepting VVV is live.
Deflationary economics: Monthly portion of revenue VVV buyback & burn + emissions cut to 6M/year (from 14M at launch). Recurring burns already executed and publicly tracked.
Resources
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Website: venice.ai
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Token page: venice.ai/token
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API & VVV staking: venice.ai/vvv
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Documentation: docs.venice.ai
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GitHub: Venice.ai · GitHub
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Discord: discord.gg/askvenice
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Twitter/X: x.com/AskVenice
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CoinGecko: coingecko.com/en/coins/venice-token
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CoinMarketCap: Venice Token price today, VVV to USD live price, marketcap and chart | CoinMarketCap
Proposal Author Contact: mail@venice.ai
Relationship to Token: Submitted by the Venice team, creators and operators of the Venice platform and VVV token.
Market Risk Assessment
Market Metrics
Total Holders: 126,369 addresses
Market Cap Rank: #146 (CoinGecko)
24H Trading Volume: $36,496,128
Annual Emissions: 6M VVV/year (reduced Feb 2026 from 14M/year at launch)
Max Total Supply: 112,568,842 VVV
Circulating Supply: 44,498,220 VVV
Fully Diluted Valuation: $484,067,220
Circulating Market Cap: $275,426,811
Source: BaseScan & CoinGecko API, March 6, 2026
Token Distribution
Liquidity: 5M VVV (5%) — DEX liquidity deployment
Incentive Fund: 10M VVV (10%) — Ecosystem incentives
Venice.ai Company: 35M VVV (35%) — Company allocation
Airdrop: 50M VVV (50%) — Distributed to Venice users & AI agent ecosystem on Base
Emission schedule: 6M VVV/year (reduced from 14M/year at launch, announced Feb 2026). Emissions distributed as staking yield.
Liquidity
Centralized Exchanges: Coinbase, Kraken, KuCoin, Gate.io, Bybit, MEXC, LBank, BingX, Phemex, CoinEx, Bitrue, and others
Decentralized Exchanges: Aerodrome SlipStream (primary), Aerodrome v2, Uniswap V3, Uniswap V4
Total Markets: 30+ trading pairs across CEX and DEX
DEX Trading Volume (24H, from CoinGecko):
Aerodrome SlipStream: VVV/DIEM — $363,516
Uniswap V3 (Base): VVV/WETH — $196,702
Uniswap V4 (Base): VVV/USDC — $297,317
Aerodrome v2: VVV/WETH — $2,616,112
Aerodrome SlipStream: VVV/WETH — $7,902,443
CEX Trading Volume (24H, from CoinGecko):
MEXC: $581,490
Kraken: $483,846
KuCoin: $1,594,849
Gate.io: $1,671,780
Bybit: $3,228,181
Coinbase: $13,765,790
Volatility
60 days: +217.80%
30 days: +175.84%
14 days: +62.07%
7 days: +46.51%
Distribution Analysis
Gini coefficient and Herfindahl index were .996 and .134 respectively at launch. With 126,369 holders now vs. the initial concentrated distribution, these metrics have improved significantly. The current Gini coefficient is estimated at 0.765 (down from 0.996), well below the >0.95 typical of most crypto tokens, reflecting the broad airdrop to 100K+ users. The Herfindahl-Hirschman Index is 0.1262 on a total-supply basis, placing VVV in the “moderate concentration” range — however this is driven almost entirely by protocol-owned addresses (staking contract, treasury, vesting). When excluding protocol addresses, the HHI drops to 0.0027 (highly dispersed), meaning no individual holder has meaningful market power. The largest non-protocol wallet holds just 0.65% of total supply.
Of the top 10 holders (63.5% of total supply), 8 are protocol-controlled addresses — the staking contract (29.33%), treasury multisig (17.97%), a vesting contract (3.76%), Aerodrome LP (0.91%), and additional multisigs/vesting — not freely tradeable whale wallets. Only 2 of the top 10 are individual EOAs, holding a combined 1.2% of supply.
Holder Concentration:
Top 10: 71,478,892 VVV (63.5% of total supply)
Top 25: 77,837,827 VVV (69.1%)
Top 50: 82,222,429 VVV (73.0%)
Top 100: 86,160,926 VVV (76.5% of total supply)
Remaining 126,269 holders: 26,407,916 VVV (23.5%)
Launch vs. Current:
Gini Coefficient: 0.996 at launch → 0.765 current
Herfindahl Index (all): 0.134 at launch → 0.1262 current
Herfindahl Index (EOAs only): — at launch → 0.0027 current
Total Holders: — at launch → 126,369 current
Largest EOA (% of supply): — at launch → 0.65% current
Source: Blockscout API, March 6, 2026.
Social Channel Metrics
Platform Users: 2+ millions of registered users
CoinGecko Watchlist: 10,669 portfolio users
Discord: ~9489 active members
@AskVeniceTwitt@AskVenicer/X (@AskVenice**):** 58K+ followers
Decentralization
Top 10 Token H@AskVenicelders@AskVenice
Top 10 holder list available at: Venice Token (VVV) | ERC-20 | Address: 0xacfE6019...c88cC21bf | BaseScan
Top holders include the staking contract, company allocation, exchange hot wallets, and DEX liquidity pool addresses — these are locked/protocol-owned, not freely tradeable whale wallets.
Total Holders: 126,369 addresses
24H Transfers: 288,277
Privileged Roles
The VVV token contract is a minimal, immutable ERC-20 (Solmate implementation) with a single privileged function: mint(), restricted to the contract owner via the onlyOwner modifier. The ownership chain is as follows:
VVV token contract owner: 0x321b7ff75154472B18EDb199033fF4D116F340Ff (Staking Contract — ERC1967Proxy implementing StakingV2)
Staking contract owner: 0x2D8CB8DC596daD0e1E34E2042E7ae6Df93B11524 (Gnosis Safe — 3-of-5 multisig)
The 5 multisig signers are:
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0xc9fdc8fac8a3209932dddf39cbec1693b8f53a6d
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0x6847f9ce744ca17bd7f1d68250880aa269c78158
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0xd46a451000f7e5779cd2554c47b994e737e61090
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0x89b0bda8cc9ff77606133e6f931f4dd73859364a
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0x4bcf71e7832097aa3e20470996893e653124b6e4
Minting can only occur through the staking contract’s emissions logic, which is governed by the 3-of-5 multisig. No single individual can trigger a mint. The current emissions schedule is 6M VVV/year, distributed as staking yield.
The token contract has no blacklist functionality
The token is not pausable.
The staking contract has a pause function for staking rewards (safety mechanism), also controlled by the 3-of-5 multisig.
Smart Contract Risks
Codebase & On-chain Activity
BaseScan Link: Venice Token (VVV) | ERC-20 | Address: 0xacfE6019...c88cC21bf | BaseScan
Total Holders: 126,369
24H Transfer Count: 288,277
Contract Age: 400+ days (deployed Jan 27, 2025)
Contract Verification: Verified on BaseScan (Solidity 0.8.26, Solmate ERC20 + Owned)
GitHub Repository: Venice.ai · GitHub
The VVV contract is minimal and auditable: 23 lines of custom code (Venice.sol), inheriting Solmate’s battle-tested ERC20 and Owned contracts. Constructor mints 100M genesis tokens to treasury. Only additional function is mint() restricted to owner for scheduled emissions.
Security Posture
Auditor: Trust Security
Audit Report: trust-security.xyz/venice-ai-audit
Bug Bounty: Yes, active
Emergency Contacts: mail@venice.ai
Upgradability
The VVV token contract itself is NOT upgradeable. It is a minimal, immutable ERC-20 built on Solmate with no proxy pattern. The transferOwnership() function (inherited from Solmate’s Owned) can change the owner address but cannot modify the contract’s code or behavior.
The staking contract (0x321b7ff75154472B18EDb199033fF4D116F340Ff) IS upgradeable via the UUPS proxy pattern (ERC1967Proxy). Current implementation: StakingV2 (0xe37A7920dbc11253ac6d031C29f592f71B348DCA).
Who is authorized to upgrade: The 3-of-5 Gnosis Safe multisig (0x2D8CB8DC596daD0e1E34E2042E7ae6Df93B11524)
Upgrade mechanism: UUPS — upgrade logic resides in the implementation contract, not a separate proxy admin. The ERC1967 admin slot is set to 0x0, confirming the UUPS pattern.
Which components are upgradeable: Only the staking contract implementation. The VVV token contract cannot be modified.
An Upgraded(address implementation) event is emitted when the implementation is updated (standard ERC1967 behavior).
Oracle Assessment
DIA Oracle (Live): DIA provides live VVV pricing with 120-second update frequency using MAIR (Mean Aggregated Impact on Returns) methodology. Sources: Aerodrome, Bybit, Gate.io, KuCoin, MEXC, Kraken, Uniswap, CoinEx. Oracle endpoint: diadata.org/app/price/asset/Base/0xacfE6019Ed1A7Dc6f7B508C02d1b04ec88cC21bf
Chainlink Oracle: VVV / USD Price Feed | Chainlink
Is the asset wrapped, staked, or synthetic? No. VVV is a native utility token — not wrapped, staked, or synthetic. No underlying price correlation or depeg risk.
Additional Listing Requirements (MALF v2)
Addressing the additional review thresholds ratified via community Snapshot vote.
1. Swap Size Requirement
Requirement: $500,000 swap must incur ≤25% price impact across DEXs/aggregators.
VVV Assessment: MEETS REQUIREMENT
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VVV trades across 30+ markets including Coinbase, Kraken, KuCoin, Gate.io, Bybit, and Aerodrome
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24H combined trading volume: $36.5M — a $500K swap represents ~1.4% of daily volume
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Aerodrome primary pool alone processes $7.9M in 24H volume
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Combined CEX+DEX depth supports large swaps with minimal slippage via aggregators (1inch, Paraswap)
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$500K represents a routine trade size given the volume profile
2. Liquidity Threshold
Requirement: ≥$2,000,000 TVL across one or more DEX pools.
VVV Assessment: MEETS REQUIREMENT
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Aerodrome SlipStream VVV/WETH: $7.9M 24H volume (primary pool)
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Aerodrome v2 VVV/WETH: $2.6M 24H volume
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Additional pools: Aerodrome VVV/DIEM, Uniswap V3 VVV/WETH, Uniswap V4 VVV/USDC
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Total DEX volume exceeds $11M/day across all pools — TVL well above $2M threshold
3. Commercial Viability
Requirement: Clear potential to generate ≥$1,000/month in protocol revenue.
VVV Assessment: MEETS REQUIREMENT
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Consistent 24H trading volume of $36.5M demonstrates active market demand
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The DIEM staking model creates natural borrowing demand: borrow VVV → stake → mint DIEM → receive daily API credits worth $1/DIEM
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100+ AI models accessible via DIEM staking drives organic utility demand beyond speculation
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AI agents on Base autonomously acquire and stake VVV/DIEM for inference — programmatic demand segment
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API usage growth and millions of platform users indicate expanding utility
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Burn mechanism + reduced emissions (6M/year) create deflationary dynamics increasing borrow interest
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At comparable utilization to existing Moonwell Base markets (USDC: ~$10K/mo, ETH: ~$5K/mo, VELO: ~$5K/mo), VVV will comfortably exceed $1,000/month
Conclusion
Venice is a full-scale AI infrastructure platform with 400+ days of live token history, 126,369 holders, $36.5M in daily trading volume across 30+ markets, and a circulating market cap of $275M (#146 on CoinGecko). The platform serves millions of users with 100+ AI models across 8 modalities — including mainstream models like GPT-5.4, Claude Opus 4.6, and Gemini 3 Pro alongside open-source alternatives, all with zero data retention.
VVV meets all requirements of the Moonwell Asset Listing Framework v2, including the additional listing requirements for swap size, liquidity threshold, and commercial viability. The combination of Venice’s private AI infrastructure, DIEM’s composable compute model, and Moonwell’s lending protocol creates new opportunities for users and AI agents in the onchain AI economy on Base.
We welcome community discussion, Gauntlet’s risk analysis, and Warden’s on-chain assessment.
Voting
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For: Add VVV market to Moonwell on Base
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Against: Do not add VVV market
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Abstain
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The Venice team is available to provide any additional information or clarification needed. We welcome community discussion and feedback.
