How Venom Works
At its core, Venom is built to create a win-win situation for the DRIPX community by leveraging your DRIPX tokens in exciting new ways. Here’s how it works:
Earning Venom: You can earn Venom in one of two simple ways:
Create Miners: Use your DRIPX tokens to create miners, which will earn you Venom over time. The longer you hold your miners, the more Venom you can accumulate, all while helping reduce the overall supply of DRIPX through the burn mechanism.
Provide Liquidity: By pairing your DRIPX tokens with BNB and providing liquidity, you can also earn Venom. This not only rewards you but helps stabilize the market by injecting liquidity into the system.
Burn Mechanism: With every action, whether creating miners or providing liquidity, part of your DRIPX tokens are burned. This reduces the total supply of DRIPX, which makes each remaining token potentially more valuable.
Sustainable Rewards: Both methods—miners and liquidity—provide you with passive income in the form of Venom. Meanwhile, the protocol is continuously burning DRIPX, driving scarcity, and strengthening the token’s value.
Deflationary Future: Venom is designed for the long-term, creating sustainable growth for DRIPX by continually reducing supply and providing rewards. The more you participate, the stronger the system becomes, giving DRIPX holders the best of both worlds: rewards and scarcity.
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