Venom Foundation

🚀 Venom Wraps Up Migration to New Mainnet 🚀

Venom has successfully shifted to its new, state-of-the-art protocol. The new, faster and more secure protocol is already live.

⚡ This is not just a protocol upgrade, it is the start of a new era for Venom. The new mainnet brings:

-higher transaction speeds
-bolstered security
-enhanced comfort and tools for builders and developers
-baked-in ecosystem-wide acceleration vectors
-scalability tailored to Venom's expanded performance requirements

🔄 Transferring Tokens in SparX Post-Migration
If you missed the chance to migrate your tokens, we've got you covered. You can transfer your tokens inside your SparX wallet.
🔎 We will be publishing a comprehensive guide on how to do it, so keep your eyes peeled for further announcements.

📲 You can download a SparX wallet here: sparxwallet.com/download

✨ Welcome to Venom's next epoch.

⚡️ ChainConnect Returns to Service ⚡️

Great news for the Venom ecosystem. After a vulnerability was discovered, the ChainConnect Bridge has been secured, vetted and stress tested, and restored to its full functionality ✅.

🔐 It is important to note that ChainConnect is a separate project that has built upon the Venom ecosystem. The Venom team assisted the ChainConnect team in the recovery and security processes, but the vulnerability was not tied to the Venom network as a whole, rather it was an isolated problem in the ChainConnect platform.

🔄 We remind you that the migration process is ongoing and if you still have tokens on the old chain, you should send them through the migration portal before you withdraw them.

🔗 Migrate now: migrate.venom.network
🌉 ChainConnect Bridge: app.chainconnect.com/bridge

🙏 Thank you for your patience during this process. If you have any questions regarding the bridge or the migration, our support team will be glad to help you.

⚠️ Refrain from Bridge Transactions During Final Testing ⚠️

Great news: the ChainConnect bridge has been thoroughly vetted and cleared to resume its full scope of operations.

✅ The vulnerability has been eliminated and all user funds are safe.

The relaunch of the bridge is imminent. We ask that users temporarily refrain from using the bridge platform while the final tests are being concluded.

📢 We will publish an announcement shortly, once the final tests are complete.

Thank you for your patience.

⏳ Still Time to Compete for 250,000 $VENOM Prize Pool ⏳

ICYMI: 🏆 @origamitech_ is currently hosting a Venom trading competition on KuCoin.

📅 End Date: August 22, 12:00 UTC

Join in and leverage your trading skills to win prize money while you still have the chance.

📈 It’s a Grid League event: the more you trade, the higher you rank and the bigger your share of the prize pool.

🔗 Join the competition now and win your share of the prize pool: app.origami.tech/competitions/2…

📰 Bridges Are Crypto’s Achilles’ Heel: A New HackerNoon Article by VF CEO Christopher Louis Tsu 📰

Venom Foundation CEO @louis_tsu breaks down why bridges keep getting hit hard, why the real test isn’t just the code or the audits, and what actually separates solid teams when something breaks in his latest article on HackerNoon.

🔑 Key to correcting the problem are speed, precision, verified info, and real preparation.

👉 Check out the full article here: 🔗 hackernoon.com/bridges-are-cr…