Venom Foundation Proposes 12-Month Vesting Extension
Summary
Venom Foundation (11M $VENOM Quests Live) announces DAO proposal VIP-002 to extend token vesting schedules by 12 months from March 25 2025 to March 25 2026. The change would affect all vesting categories to support longer term development, security, banking integration, and instant settlement work. Community members are urged to discuss and vote on the proposal.
🚨Strategic vesting extension proposed on Venom Network DAO 🚨
The launch of the new Venom Network DAO has opened the door for community members to propose network changes and put those proposals up for votes. 🗳️
Recently, the Venom Network DAO has recieved governance proposal VIP-002, which would extend the vesting period a full calendar year.
Proposed vesting extension:
📆 Extend token vesting schedules by 12 months: From March 25, 2025 → March 25, 2026.
⚖️ What This Means
This extension applies to all token categories with vesting schedules, which would stimulate responsible ecosystem development and long-term value creation.
📈 Proposal objectives
The proposal has been raised to accomplish a number of objectives:
- Providing an adequate time frame for necessary development phases
- Establishing production-ready banking integration protocols
- Implementing comprehensive security and compliance frameworks
- Developing instant blockchain settlement infrastructure
🤝 Your opinion matters
This is a significant proposal that, if enacted, would change Venom Network tokenomics. Head to https://dao.venom.network/governance/proposals/2 to cast your vote.
💬 Join the Discussion
Participate in community discussions about this and other proposals on our #💬│chat
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