- Dotcoin unveils its latest initiative, distributing 50,000 VENOM tokens to its community members.
- This distribution strategy involves connecting wallets within the application to receive tokens.
- “This marks a pivotal moment for Dotcoin, solidifying our commitment to community engagement,” stated the company on X, formerly known as Twitter.
Discover how Dotcoin’s latest token distribution could redefine community engagement within blockchain gaming.
Dotcoin’s VENOM Token Distribution: A Detailed Overview
Dotcoin, a widely recognized tap-to-play game on Telegram, has announced the distribution of 50,000 VENOM tokens to its community. The allocation will be made to wallets connected within the application. VENOM, which has a total supply of 7.2 billion tokens, has reserved 1.584 billion tokens, approximately 22%, specifically for community engagements. This strategic move underscores Dotcoin’s commitment to maintaining an active and engaged user base.
Partnership with Venom Foundation
Earlier this month, Dotcoin revealed its collaboration with Venom Foundation. This partnership has launched a large-scale competition, encouraging participants to connect their Venom wallets, mine DTC tokens, and stay active on Dotcoin’s Telegram channel. By doing so, users can stand a chance to benefit from both the VENOM and Dotcoin airdrops. This initiative not only incentivizes user activity but also strengthens the community bond within the blockchain ecosystem.
Eligibility Criteria for Airdrops: Web2 and Web3 Approach
The Dotcoin Mining system has been meticulously updated, now offering two distinct upgrade options: Web2 and Web3. The Web2 upgrade mandates users to engage with the community and invite a number of active friends equivalent to the next mining level. This approach is oriented towards bolstering community involvement. On the other hand, the Web3 upgrade requires users to connect a Venom wallet and hold a specific number of VENOM tokens corresponding to their DTC Mining level. For instance, to achieve level 9 in DTC Mining, a user must hold 9 VENOM tokens, which are only necessary for the verification process and can be liquidated post-verification.
VENOM Token Market Performance
As of the latest updates, VENOM tokens are trading at $0.154, witnessing a 0.96% increase. The token has a substantial market cap of $152,215,824 and a 24-hour trading volume of $4,540,733. These figures indicate a robust trading environment, making VENOM tokens a lucrative option for both current and prospective investors. The forthcoming listing preparations further entail that only active users on Dotcoin’s application will be eligible for the airdrops, thereby rewarding diligent community participants.
Conclusion
The distribution of 50,000 VENOM tokens by Dotcoin is a significant step towards fostering a vibrant and participatory community. By offering dual upgrade paths through Web2 and Web3, Dotcoin ensures that both community engagement and blockchain integration are promoted. Active users stand to gain from this initiative, reinforcing the essence of an involved and thriving user base.
