VENOMVenom Network Price

according to Token Unlocks data, tokens such as BLAST, VENOM, SOON, etc. will see large unlocks next week (all in Beijing time), including:

Layer 1 blockchain Venom Foundation has reached an agreement with the Republic of the Philippines to use its blockchain technology to help the Philippine government digitize billions of forms. This move is expected to completely change the way governments and large institutions handle data, transactions, and record-keeping, and set new standards for transparency and efficiency. Using Venom technology to digitize approximately 10 billion traceable forms, including but not limited to invoices or receipts, cash tickets, document stamp taxes, and special bank receipts, and individually identify, record, and provide appropriate security protection.

The Venom Foundation has made a historic agreement with the government of the Republic of the Philippines to digitize around ten billion accountable forms using its blockchain technology. This project is expected to revolutionize the way governments and large institutions handle data, transactions, and record-keeping, and could become the world's largest blockchain use case. The use of Venom is a significant step in the network's growth and is expected to improve transparency, reduce costs, and enhance the efficiency and security of financial transactions across the nation. The project could unlock up to $101.3 billion USD (PHP 5 trillion) in annual economic value by 2030 if fully leveraged. The CEO of Venom Foundation, Christopher Louis Tsu, has expressed the importance of the company being selected for this initiative, which involves digitizing checks using Venom's blockchain technology. The initiative is supported by the Philippines' National Printing Office and is part of the country's digital transformation journey.