Venice Token wallet

What is Venice Token (VVV)?

Venice Token (VVV) is the utility token behind Venice.ai, a privacy-focused generative AI service that runs open-source models for text, image and code generation without keeping user conversations on its servers. The token exists for one practical purpose: paying for access to Venice's API in a way that does not require topping up a balance before every call an agent or an app makes to a model.

That is what sets VVV apart from a token you simply hold. When VVV is staked through Venice, the staked position can be locked to mint DIEM, a token that grants a fixed daily allowance of API usage instead of a per-request bill. Staked VVV is represented by a separate token, sVVV, so a wallet that tracks only VVV will not show the staked portion until it is unstaked back. Staking itself happens through Venice's own interface, not inside a wallet.

How VVV lives on-chain

• VVV is an ERC-20 token native to Base, the Ethereum layer-2. It does not live on Ethereum mainnet.
• Fees for every transfer, approval and staking transaction are paid in ETH on Base, not in VVV. A wallet that holds VVV but no Base ETH cannot move it.
• A Base address looks identical to an Ethereum mainnet address. When receiving VVV from an exchange or another wallet, the sender has to choose Base as the withdrawal network; tokens sent on a different network to the same address will not show up as VVV on Base.

Supported networks in Tangem (1): Base.

Holding VVV means signing a Base transaction every now and then - a stake, an unstake, an approval for the Venice contract - and each one needs a little ETH on Base. Tangem keeps that Base ETH alongside VVV in the same account, and signing is a tap of the card on the phone, so an approval or a stake does not turn into a cable-and-battery exercise. For a token whose whole use is an occasional transaction on Base, that pairing matches how VVV is actually used.