Business Wire India
The Venom blockchain is a multi-blockchain system with dynamic sharding capabilities. The network’s low transfer fees, high scalability, with features such as Proof-of-Stake consensus, multi-signature wallets, and decentralized data storage, has been widely adopted for various applications. Additionally, its interoperability with other blockchains facilitates seamless asset and data transfers.
The VENOM token has uses such as paying for transaction fees to maintain the network by validators, securing the network through POS mechanisms, and supporting validators by network participants through DePools staking.
As VENOM joins the WazirX ecosystem, users can trade it soon, leveraging the opportunities presented by this asset. The listing of VENOM on WazirX is another testament towards the exchange’s commitment to providing its users with a diverse array of tokens, giving them an opportunity to broaden their portfolio and explore different crypto assets.
Rajagopal Menon, VP of Marketing at WazirX, said, "VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.”
"Listing $VENOM on WazirX was a strategic move for our project, allowing us to connect with over 16 million users in India. This step is pivotal in our efforts to drive blockchain innovation and broaden our reach. It is helping Venom establish a much larger footprint in the most populated country in the world, significantly increasing our exposure," said Christopher Louis Tsu, CEO of Venom Foundation.
