Venom Foundation Approves 1-Year Vesting Extension
Summary
Venom.Foundation announces approval of the Venom Network DAO’s second major proposal, extending token vesting schedules from March 25, 2025, to March 25, 2026. The vote received 22,105,949 votes for and 33,873 against, supporting more time for development, banking integrations, security and compliance, and instant settlement infrastructure.
**✅ Strategic vesting extension proposal approved ✅ **
The second major Venom Network DAO proposal has been voted on and approved by a majority of the community!
📊 Total voting results
🟢 For: 22,105,949
🔴 Against: 33,873
Total number of voters: 5,789
📌 What this approval means
With the approval of this proposal, the vesting period for Venom tokens has been extended for a full calendar year:
📆 From March 25, 2025 → March 25, 2026.
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 was raised to accomplish a number of objectives:
⏳ Provide an adequate time frame for necessary development phases
🏦 Establish production-ready banking integration protocols
🛡️ Implement comprehensive security and compliance frameworks
⚡ Develop instant blockchain settlement infrastructure
🔍 Check out the full details here: https://dao.venom.network/governance/proposals/2
Thank you for voting and keep your eyes peeled for new proposals! 🙏
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