CoinWorld News, Dragonfly partner Haseeb stated that Venice is essentially a company rather than a decentralized network or on-chain protocol, and the vast majority of its customers are not crypto users. There is a misunderstanding of the VVV token in the market: VVV does not represent company equity, nor does it have network rights attributes. The founder has invested millions of dollars of his own funds to operate the company, and has not raised funds by selling tokens. Haseeb pointed out that the founder would not give away 50% of the company's equity for free at an early stage, equating tokens with equity is logically untenable, and the project team has always been clear about the positioning of VVV.

VVV-0.26%
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ExitLiquidityPoet
· 8h ago
Dragonfly's move is basically giving the market a lesson: the old cliché that tokens ≠ equity still needs to be repeated.
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ReorgSurvivor
· 8h ago
So what exactly is VVV—utility token or just a pure meme? I’m totally confused.
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