Check out the result of the Venom Testnet Opportunity, the reward, and its dollar value.
Venom
Expired
Progress mission: 0 of 18
Expired
Rewards
Reward Results
$3 $18
Details
Minimal cost
Free
Time required
60 min.
Category
Testnet
Rating
8/10
Risk
Low
Participants in the Venom Testnet were rewarded with the "Venom Early Participant" NFT pass. While the utilities of these NFTs remain unknown, there were promises of future rewards. Initially, these NFTs could be sold on secondary markets for 30 Venom tokens. At the time of the airdrop, the price of Venom tokens was approximately $0.60, making the floor price of the "Venom Early Participant" NFT pass around $18.
After a month, the floor price of the NFT dropped to 10 Venom tokens, and the price of Venom tokens fell to $0.30. This means that if you sold the NFT at that point, the reward would be only $3.
Therefore, if the Venom Foundation does not provide any additional rewards beyond the NFT pass, the maximum reward participants could achieve would be $18.
Pros & Cons
Why is it worth it?
Community Tokens
22% of tokens dedicated to the community, with a structured vesting schedule.
Defined Allocation
Transparent token distribution plan for validators and community.
Strong Funding
Backed by $1 billion, indicating substantial financial support.
Risks to consider
Reward Uncertainty
No guaranteed rewards, risking unreciprocated time investment.
Indirect Funding
Funding allocated to a Venture Fund, not directly to the project.
How to participate?
- Explore Venom Ecosystem: Venom has many participants creating various dApps. Take the time to explore and interact with these dApps to become an active member of the ecosystem.
- Complete Website Tasks: Visit the Venom website and participate in the tasks available. After completing these tasks, mint the NFTs to demonstrate your engagement and activity.
- Engage on Social Media: Stay active on social media platforms, including X and Discord. Aim to earn roles within the Discord community to increase your visibility and participation.