π Venom Wallet Switches Over to SparX π
Dear Venom community,
We are excited to announce that Venom Wallet is transitioning to SparX, the new official ecosystem wallet.
β‘οΈ What is SparX?
SparX is a next-generation wallet offering improved performance, better user experience, and full support for all current and upcoming features.
What you need to know:
β Your address will remain the same
β Your seed phrase will remain valid
β All your assets and tokens are safe
β No action is required until you decide to migrate
The migration has begun. Venom Wallet will continue to be fully supported for the next 6 months, but we strongly recommend switching to SparX as soon as possible to enjoy the best experience and future updates.
π² Download SparX now: https://t.co/5hx98MWf7h
Stay safe and thank you for being part of the Venom journey! β¨
π£ All of Your Migration Questions Answered π£
This is a huge moment for Venom and we understand there are a lot of questions. As a reminder, we have gathered all of your questions and answered them in our FAQ.
π Read out the FAQ here: https://t.co/bJOI229nAc
βΉοΈ And be sure to check https://t.co/rthAykKkJA for all the latest information.
Thank you, and if you have any issues or further questions, don't hesitate to reach out to us! π¬
βΈοΈ ChainConnect Undergoing Venom Maintenance Work βΈοΈ
The ChainConnect Bridge https://t.co/vFMMa90184 platform is currently undergoing maintenance work as it connects to the new Venom network.
π Likewise, within a week the migration of tokens from the old network to the new will be carried out so follow the updates for the latest!
Thank you for your patience! π
π’ Stage 5 of Season 6 to Start on June 19 π’
Venom is currently migrating to the new protocol approved by the community. As a result, we have moved the start date of Stage 5 of Season 6 of Venom Quests to π June 19th.
β XP on New Protocol
All of the XP you have earned on the legacy network, including bonuses, will be moved to the new one.
Thank you for your continued support!
π We are currently hard at work making Venom the ideal network for both end users and heavy-load platforms!
π¨ Emissions Paused on Legacy Network π¨
As part of the Venom Protocol Upgrade, all emissions have been halted on the current network.
π Verified on-chain: Block 25792227
The new network is being deployed now. βοΈ
The migration portal will open once the new mainnet is live and all $VENOM holders will be able to migrate their tokens, including those on exchanges.
π What you need to do right now: No action is necessary on your part. We'll announce when the bridge is live.
π If you hold stVENOM: You'll need to unstake before migrating. We'll announce the window and provide you with a guide when the time comes.
The current network will remain operational for 6 months after the new mainnet launches.
π Migration FAQ and guide will be shared on our socials very shortly, before the bridge opens.
β Migration Vote Completed β
Dear Venom Community,
The voting on the proposal for migration to the new next-generation protocol has officially ended.
Results
π’ Votes for: 23,793,857
β Votes against: 0
π³οΈ The proposal has passed! https://t.co/Up1DT0mCIv
This means Venom is moving to a significantly upgraded network with higher performance, better scalability, and improved user experience.
π In the coming week we will be publishing a guide on how to transfer your tokens to the new network along with an FAQ covering all of your questions.
Welcome to the new era of Venom! π
π’ Venom X Origami Tech Competition on KuCoin Extended π’
π Ends: June 6, 12:00 UTC
π Prize Pool: 187,000 $VENOM
Trade more, rank higher, win bigger!
π There is still time to join and win your share of the prize pool: https://t.co/cRu3f1wOeE
We Need Your Vote for Proposal 003
There is a live proposal on Venom DAO to migrate the network to a next-generation protocol with:
β’ 150,000 TPS
β’ Sub-second finality
β’ Advanced dynamic sharding
β’ Improved PoS consensus
β’ Full backward compatibility
π Vote on the proposal and receive 7,777 XP: https://t.co/ffmwsqGJmw
π Venom Migration to Next-Generation Protocol π
We have some big news, Venom Community.
The Venom DAO has submitted VIP-003: Migration to the Next-Generation Network Architecture, a proposal that, if passed, will see Venom move to a new, next-gen architecture.
After a full year of rigorous testnet validation, the new protocol is ready for mainnet.
β‘οΈ What the upgrade brings:
β’ 150,000 TPS
β’ Sub-second finality
β’ Advanced dynamic sharding
β’ Improved PoS consensus
β’ Full backward compatibility
π Key Migration Details:
β’ 1:1 token migration ($VENOM β new $VENOM)
β’ No changes to vesting or token supply
β’ One-way migration via official swap portal
β’ Old mainnet will remain operational for 6 months after launch
β’ All smart contracts, addresses, and products will continue working without modification
This upgrade is essential for Venom to become true settlement-grade infrastructure.
β Any Questions?
Leave them in the comments and we will put together an FAQ answering everything.
π Check out the full proposal here: https://t.co/Up1DT0nay3
It's time for Venom to reach its full potential.