Check out the result of the Venom Testnet Opportunity, the reward, and its dollar value.
Venom
Rewards
Reward Results
$3 $18
Details
Minimal cost
Free
Time required
60 min.
Category
Testnet
Rating
8/10
Risk
Low
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
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.
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.