#### What is Venom? Venom (VNM) is a hyper-deflationary token that operates on the [ERC-20](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain). It is designed with a unique rewards system and true burn mechanics, aiming to foster a strong, community-driven ecosystem. The token is part of the V.I.P.E.R system, an advanced system that seeks to reward and protect VNM token holders. The system includes features such as reward multipliers, tax incentives, holder protections, and true burn. Venom also plans to roll out the V-[dApp](https://www.coinbase.com/learn/wallet/guide-to-dapps), a [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking) and rewards platform where holders can [stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) and claim their VNM [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token). #### How does Venom work? Venom operates through a system known as V.I.P.E.R, which stands for Venom Injections Plus Extra Rewards. This system is designed to incentivize the community and gamify the [tokenomics](https://www.coinbase.com/learn/wallet/tokenomics-101) for an element of fun. It includes features like rewards, reward multipliers, tax incentives, holder protections, and true burn. Venom also has a staking [smart contract](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract) compatible with its token smart contract. This allows holders to manage their participation in the staking pool via the Venom Staking dAPP (V-dAPP). The V-dAPP allows users to claim rewards and boost reward tiers over time, providing additional benefits for holders. #### What are the potential use cases for Venom? Venom aims to create a community-driven ecosystem. It plans to integrate with ChappyGPT, a decentralized Chat2Earn platform, to incentivize and reward community engagement. This integration is expected to empower online communities and individuals through [crypto](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) rewards. Another planned integration is with IvendPay, a multi-currency payment system that accepts payments in any cryptocurrency. This integration aims to increase the range of goods and services that the Venom token can plug into, thereby increasing its utility. #### What is the history of Venom? Venom was conceived in September 2022 by Crypto Slimer, a veteran in the financial industry and a recognized figure in the blockchain industry. He assembled a team of experienced individuals to manage, develop, and design the project. The team includes professionals with proven experience in managing projects, marketing tokens, developing and deploying smart contracts, managing communities, web development, dAPP development, and creating unique artwork. The project's roadmap outlines several milestones, including the development and testing of smart contracts, the deployment of the website and v-dAPP, and the launch of the token.