Erik Voorhees, founder of Venice, revealed plans for a new rewards program that will use a portion of user payments to buy VVV tokens and distribute them to loyal customers. This initiative aims to convert paying users into token holders without requiring them to purchase tokens directly, effectively "buying loyalty." The program complements Venice's existing mechanism that uses revenue to buy and burn VVV tokens, part of a broader strategy to reduce the token supply and eventually burn all tokens. Venice recently raised $65 million by selling equity rather than tokens, emphasizing alignment between equity and token holders as the company holds a significant amount of VVV itself. This approach aims to build customer loyalty while shrinking the token supply.
Bitway (BTW) surged 23.9% to $0.4497, driven by recent protocol upgrades that improve scalability and user experience, boosting its market cap to $1.22 billion. Meanwhile, Worldcoin (WLD) fell 7.8% to $0.3175 due to regulatory scrutiny fears, highlig...
Venice Token (VVV) surged 10% in the last 24 hours, driven by a tripling of its trading volume to about $20.56 million and a 21% rise in Open Interest to $40.5 million. This price breakout from a pennant consolidation pattern signals a potential shif...
Bitcoin surged above $64,000, standing out as the only major cryptocurrency with gains amid a bearish market where Ethereum, XRP, and others declined. Public Bitcoin mining operations have cut their hashrate by 21% over nine months, shifting focus to...
Bitcoin climbed above $64,000, marking the only major cryptocurrency with a notable daily gain while others slipped or stayed flat. Publicly listed bitcoin miners have reduced their computing power by 21% over three quarters to shift capacity towards...
Provenance Blockchain (HASH) surged 13.8% to $0.008427, leading gains in the crypto market due to growing interest in blockchain applications for traditional financial services. Other notable gainers include Venice Token, Morpho, POL, and Zcash, refl...
