Christopher Louis Tsu, CEO of the Venom Foundation, posted on the X platform that the details of Venom’s plan to launch on the mainnet have been discussed over the weekend. Venom will not be launched secretly, and will be announced through official channels such as Discord and Venom Foundation. Please be careful to guard against fake accounts and verify all information.
Previously, Venom Foundation announced that it will no longer continue to operate in the Abu Dhabi Global Market (ADGM) starting from December 14, 2023. The dissolution process has now been initiated in accordance with Section 40 of the ADGM Foundation Regulations 2017. This decision is consistent with its current strategic direction. Venom stated that the decision only relates to the current goals of the Venom Foundation and is not a reflection of the ADGM environment.
It is important to note that as of now, no token generation event has occurred with Venom. Any public statements by the Venom Foundation regarding the issuance of Venom tokens following a token generation event are untrue and have not been authorized by the Foundation.