Venice Token in October 2026: A sharply cut emission against revenue nobody has audited
Venice Token (VVV) is the access token of Venice.ai, a provider of AI inference without an account, without logging and without content filters. Staking VVV returns compute capacity through the provider’s API; the token is therefore a claim on a service, not a vote. VVV runs on Base, a chain built on the OP Stack, whose token Optimism we cover separately. The price stands at around 24.40 US dollars on 20 October 2026 – roughly 29 percent below the twelve-month high of 34.51 US dollars from 21 September 2026, and about 26 times the twelve-month low of 0.92 US dollars from 1 December 2025.
What has changed in recent weeks
Two things. First the emission: since 1 October 2026, according to available reports, 2 million new VVV enter circulation per year, roughly 86 percent less than the 14 million at launch. Second the price itself: VVV opened October at 27.69 US dollars, reached a monthly high of 30.76 US dollars and a monthly low of 21.03 US dollars; the daily close on 19 October was 24.17 US dollars. Over seven days that leaves a gain of about 7 percent, over 30 days a loss of about 9 percent, and over 90 days a gain of about 95 percent.
Why this forecast stays cautious
The lower emission is documented; the other side of the ledger is not documented as well. The revenue that pays for the buybacks is a founder statement from 17 August 2026 about an annualised run rate of around 100 million US dollars; according to available sources the company has not published audited figures. Priced at the 20 October level, the emission adds roughly 48.8 million US dollars in new tokens per year, while the buyback tied to API credit purchases would reach at most around 5 million US dollars even if the entire stated run rate consisted of credit purchases. On top of that, roughly 40 percent of the total supply is not circulating, and there is no fixed cap. Our scenarios therefore start from the year’s opening price of 1.6403 US dollars, not from the price after this year’s rise – and the average for 2026 sits below today’s price.
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What Venice Token is and what drives its price
Venice.ai runs open AI models for users without an account, without storing conversation history on its own servers and without content filters. What it sells is compute time: a model answers a request, and that costs processing power. VVV is the claim on it. The token is not a share in the company and, unlike decentralised AI networks such as Bittensor or the Artificial Superintelligence Alliance, it is not a vote either.
How staked tokens turn into compute capacity
Staking VVV returns sVVV and with it a share of the API’s capacity. Staked tokens can additionally be locked to mint DIEM: according to available information, one locked DIEM entitles the holder to one US dollar per day in credits, perpetually. The DIEM supply target was raised in four steps from 38,000 to 40,000 and has stood at 40,000 since 14 September 2026. This design ties the token to the use of a product rather than to a chain – the compute itself is not provided by the blockchain, unlike compute-oriented networks such as Render.
What VVV explicitly does not do
According to available accounts, VVV holders do not vote on protocol changes, on the emission or on how funds are used; those decisions are made by the company Venice.ai. That matters for valuation: the emission cuts and the buyback rules that support the price are company decisions and can be changed the same way. According to available sources, there is no governance right a holder could invoke against that.
Emission and buybacks
The emission has been cut several times since launch, from 14 million VVV per year to 2 million since 1 October 2026. Available reports disagree on the intermediate steps – some describe a path via 2.5 million from 1 September, others a jump from 3 to 2 million. We therefore name only today’s rate and its date.
On the other side stand buybacks followed by burns. According to available information, since 18 July 2026 five US dollars out of every 100 a customer spends on API credits are used to buy and burn VVV on the open market. Added to that are amounts per newly signed subscription – reported as two US dollars for the Pro tier since 26 April 2026, one before that, five US dollars for Pro Plus and ten US dollars for the highest tier. Both mechanisms fire on new sign-ups and credit purchases, not on renewals. In total more than 33.7 million VVV are said to have been burned so far, including one large burn connected to the March 2025 distribution.
The revenue that would have to carry this
This is the weak point of the calculation. On 17 August 2026 the founder named an annualised run rate of around 100 million US dollars; around a 65 million US dollar funding round, the press had previously reported a lower base. Audited or published revenue figures from the company do not appear in the available sources. Hence our own counter-calculation, using the documented quantities: 2 million new VVV per year correspond to roughly 48.8 million US dollars at the price on 20 October 2026. The buyback tied to credit purchases reaches five percent of the amount spent there; even if the entire stated run rate of 100 million US dollars came from credit purchases, that would be around 5 million US dollars a year. The emission therefore exceeds the demonstrable buyback clearly, by a multiple.
How widely VVV is traded
On 20 October 2026, seven centralised exchanges each reported more than one million US dollars in 24-hour volume in VVV, led by Coinbase with around 7.1 million, Bybit with 3.4 million and Kraken with 3.1 million; across the five large venues around 17.6 million US dollars. Of 106 reported trading pairs the data provider excludes 32 from its own count; the remainder add up to around 38.7 million US dollars. Of that, roughly 9.9 million, or about 26 percent, sits on decentralised venues – almost entirely in pools on Base. Trading therefore runs mostly, but not exclusively, through centralised exchanges.
The supply
Around 48.83 million of the 81.15 million VVV created so far are in circulation. Roughly 40 percent of the total supply is therefore not circulating. The data provider reports no fixed maximum supply: the emission continues, only more slowly. Accounts of the next unlocks contradict each other – one provider lists monthly tranches of about 326,100 VVV, another treats the distribution as complete. We therefore name no tranche figure, only the measured supply.
What we deliberately leave out
One analysis claims a contract change for VVV in which the new contract opened at 24.06 US dollars while the old one ended at 11.63 US dollars. Our own daily series over twelve months shows no such break: the price ran continuously, and a level of 11.63 US dollars was last seen in August 2026. The claim therefore appears in no version of this page. Also not used: the 100 million US dollar run rate as an audited figure, the contradictory unlock dates, and a single-source mention by a fund provider. In their place stand our own measured values throughout.
