What is Venice Token (VVV)?
Venice Token (VVV) is the ERC-20 asset of Venice, a generative AI platform that emphasizes user privacy and control over how AI requests are processed. VVV runs on Base and acts as the entry point to Venice’s staking and credit-minting system. Holders can lock VVV to generate DIEM, a token that unlocks daily API usage. Venice supports text, image, and code generation models through its interface.
How does staking VVV turn into DIEM credits?
When a user stakes VVV, they receive sVVV, a token that represents their staked position. Locking sVVV mints DIEM. Each DIEM in circulation provides one US dollar worth of Venice API credits that reset every day. To unlock the sVVV, the user must burn the matching amount of DIEM. DIEM can be transferred to other users, allowing VVV holders to sell API capacity. Staking enough VVV may also grant access to Venice Pro features under the platform’s current terms.
What privacy options does Venice give to AI users?
Venice does not treat all models as equally private. In anonymized mode, identifying details are stripped before requests reach third-party models. Private mode runs open-weight models on infrastructure with zero-data-retention commitments. TEE moves inference into a hardware-isolated environment that can be verified remotely. E2EE encrypts the prompt on the user’s device and only decrypts it inside that verified environment. The available option depends on the specific model being used.
How is VVV’s supply and emission schedule managed?
Venice was founded by Erik Voorhees in 2024, and VVV launched on Base in January 2025 with an initial supply of 100 million tokens. Annual emissions have been reduced through protocol updates, and the platform uses part of its revenue to buy back and burn VVV. Unclaimed distribution allocations have also been burned, removing them from circulation. VVV is not a governance token; the Venice team controls changes to emissions and product features.
