DIEM Token Launch
The DIEM launch introduces a tokenized version of Venice’s AI inference capacity, evolving from the previous Venice Compute Units. Starting August 20, $VVV stakers can mint DIEM tokens, securing predictable daily API credits (1 DIEM = $1/day). This shift eliminates capacity fluctuations, allowing users to plan better or even sell unused credits on the market. A liquidity pool on Aerodrome will kick off with DIEM priced at approximately $50, though volatility is expected as the market finds its footing. To prevent sniping, a temporary punitive mint rate will apply until an official "Minting is Live" announcement. This upgrade aims to create a dynamic AI compute marketplace, offering stakers new ways to earn yield or monetize their holdings.Recent NewsOver the past three months, Venice.ai has been buzzing with activity. The $VVV token has seen a notable 15.4% price surge in the last 24 hours, reflecting growing interest. The project released its tokenomics update in early August, reducing annual $VVV inflation from 14 million to 10 million while boosting staker yields to up to 100%. This move has positioned Venice.ai as a leader in decentralized AI infrastructure, building on the Venice API’s success since its debut last November.Future PlansLooking ahead, Venice.ai plans to expand its inference capacity, with the Diem figure expected to rise as infrastructure grows. This could increase the value of each $VVV token over time. The team also intends to add liquidity to the Aerodrome pool in stages and refine the DIEM minting UI based on community feedback. Long-term goals include enhancing the privacy-focused API and supporting more advanced AI models, solidifying Venice.ai’s role in uncensored, decentralized intelligence.Onchain DataSpecific onchain metrics like transaction volume or staking participation are not fully detailed in real-time public dashboards yet. However, the $VVV token currently trades at $3.11 with a 24-hour volume of over $8.6 million, indicating robust market activity. As the launch nears, expect increased wallet activity, though exact figures will emerge post-event.Community SentimentThe X community is abuzz with excitement and curiosity. Influencers like Erik Voorhees have highlighted the launch, sparking discussions about $VVV’s potential. Reactions range from enthusiastic support ("huge potential!") to cautious optimism ("can AI really shake up trading?"), with some speculating on arbitrage opportunities. A few users have humorously engaged, showing broad interest, though skepticism about volatility persists.Additional InsightsThis launch sets Venice.ai apart from competitors by blending AI innovation with crypto economics, unlike the abandoned Facebook Libra/Diem project, which faced regulatory hurdles. For users, the ability to stake $VVV for yield or trade DIEM offers flexibility, while speculators eye price swings. Note that initial volatility and sniping risks require caution—only mint after the official green light to avoid losses.Mark your calendars for August 20 and stay tuned for updates. This could be a defining moment for decentralized AI in crypto!
Venice Token
August 20
