AI Altcoin, which provides access to DeepSeek, has reached a market value of 1.6 billion dollars - Coin Bulletin

Venice AI, a privacy-focused artificial intelligence platform founded by Bitcoin advocate Erik Voorhees, has launched its own token on Ethereum's layer-2 network Base.

Just two hours after the release of Venice Token (VVV), it reached a fully diluted value of 1 billion dollars (FDV).

According to DEXScreener data, around 21:00 on January 27th, the token exceeded this value shortly after its initial launch. Currently, VVV's FDV is 1.65 billion dollars, and its market value is around 306.4 million dollars. Out of a total supply of 100 million, 25 million tokens were publicly released, and more than 13,200 wallet holders hold the tokens.

Venice AI stated that users can access its API by buying and staking VVV tokens. This API offers text, image, and code generation services in a private and uncensored manner. The platform utilizes the newly released DeepSeek R-1 artificial intelligence model in these services.

Token Distribution

Total of 100 million VVV tokens:

• 25 million units allocated to Venice users.
• If the number is 25 million, it is allocated to Base ecosystem users (Such as Aerodrome Finance and Virtuals Protocol token holders).
• %35 allocated to the Venice platform.
• **%**10 has been allocated as an incentive fund.
• Used for 5% liquidity.
• 14 million tokens will be released annually.