Venice (VVV)

I expect momentum in $VVV (now up 30% from the lows) to continue accelerating https://t.co/h5bByv4Umm

Interesting scalp opportunities on $VVV. The major short liquidation zones have already been cleared, acting as resistance as expected. Now I'm watching the remaining support and resistance levels for the next potential entry confirmation always comes first. Trading Analytics: https://t.co/B2KqpO23sD #BTC #Crypto

We wanted to do the opposite of most other projects: while most pre-sell to VCs on undisclosed terms and promise to build a product or find users later, Venice didn’t pre-sell to anyone and had already demonstrated product-market fit for a year by the time VVV was airdropped to the community. The token traded openly for 18 months before Venice brought in outside capital. The participants in Venice’s Series A agreed to these terms because they are aligned with Venice’s long-term vision.

The Series A investors received the following in return for the $65m in new capital: • 8.98% of the company • Vesting grant of 1.5m VVV • The right to buy 5m VVV in the next eight years. To exercise the right (token warrant, aka call option), investors must pay Venice an additional ~$66.5 million, bringing the total raised to $131.5m

To raise such capital, we could have either sold some of Venice’s treasury VVV directly to the market, or sold equity. We chose the latter. Despite 700%+ YTD growth, we don't want to sell the token. Venice remains the largest holder of VVV, owning more than 30m out of today’s 80m supply. The company and team each own more today than at genesis. The company has not sold any to date.

LIVE: Wednesday @ 3pm EST -------------- The $VVV Community Call Hosted by @TrustlessState and @JonShapeShift Project updates from @AskVenice, $VVV and $DIEM tokenomics discussion, Community QnA, all in one place! 3pm, Live here on X