2022|VENT in the Year and Beyond

Hey Ventorians, 👋

2022 has been quite an eventful year. And for us at VENT, we remained strengthened and motivated by our team’s dedication and our community’s commitment towards meaningful progress. No doubt, over the past 11 months crypto startups like us, have learnt to stay nifty and nimble to survive.

All through the year, the VENT team worked assiduously behind the scenes and today, we are excited to share updates like this one, about all we have been up to. In 2022, we upgraded our vesting schedule, revamped our launchpad outlook, launched a few successful projects, and penned down great partnerships — both announced and unannounced — with projects like Hacken and Blockpit, while also topping the global IDO ROI rankings and making special appearances at the Paris Blockchain Week, IE University, the Project Management Institute Africa Conference, and the Cardano Summit. Quite a feat!

We have also made many changes — most of which you may be aware of — but our core values stayed the same. That said, here’s a summary of our 2022 performance, our prospects for 2023, and our plans for you, going forward.

2022 | State of the Ecosystem

Few days ago, we published the VENT State of the Ecosystem. It’s a summary guide into activities and performance of all our partner projects.

From Gamium to Meld, ActaFi to ARize, Cornucopias, StreetRunner, Nunu Spirits, WingRiders — our latest partner — and many others, our ecosystem has seen some of the most impressive growths, and the state of the ecosystem captures them for you to see.

If you haven’t already, please read the State of the Ecosystem to appreciate the incredible efforts of our partners over the past twelve months.

Structure Changes

Still, in the spirit of nimbleness, we made a few structural changes to our organization this year. Evaluating team size to reach new levels of efficiency in productivity was a necessary step many projects, including VENT, had to take in the light of the current market conditions.

In the near future, when gloomy global market outlook brightens up, and austerity strategies get replaced with growth and expansion, we’ll get back to onboarding even more global talents and ultimately spreading the crypto adoption far beyond the current 4% of the global population.

2022 Vent Ambassadors

VENT also kicked off its ongoing ambassador program this year. 70 ambassadors from all over the world made the final list out of a thousand applicants, making it the largest application pool received so far. Throughout the six-month program, the top ten most active and most impactful ambassadors will receive $1000 in rewards every month.

The Vent ambassador program looks to build communication, social interaction, and task management skills vital to the growth and development of the crypto space among our community members. Missed this year’s entry? Look out for the next edition in 2023.

VENT is Officially Licensed

A big highlight of our 2022 was obtaining the Spanish Government Virtual Asset Service Provider (VASP) license. Our commitment to beneficial compliance hinges on making crypto credible and verifiably trustworthy enough to reach its target 10% of the globe by 2025.

For us, this represents a huge milestone as it amplifies our strive for consistency as a trusted DeFi brand till perpetuity.

Only 46 crypto companies, including Bit2me, Binance and Bitstamp, hold the VASP license, and together they look to expand the population of crypto users beyond 2 million Spanish users.

Launchpad Improvements

Early this year, VENT revamped the look and functionality of its launchpad. We switched to a vibrant purple colour, but that’s not all. See a list of other changes we made below:

• KYC time cutback from 3 days to 3 minutes in conjunction with Onfido.
• Improved navigation and updated self-help guides for beginners.
• Improved UI/UX functionality.
• Seamless tier system ranking for IDO raises.
• Adaptive mobile friendly launchpad integration.
• Instant customer support feature.
• Multi third party wallet support.

Experience all the new changes here and expect even more exciting updates in the year 2023.

Fresh New Discord

Seen our Discord yet? It’s a pleasant rendezvous for newbies and degens sharing what’s new, meeting experts, and exchanging ideas on the latest DeFi projects and other crypto happenings.

We built a whole new economy where you can socialize, learn valuable skills, win trendy NFTs. Every Friday on our Discord, Neda Andrei, our community manager, hosts the Andrei & Friends Coffee Time, featuring some of crypto’s finest industry leaders on topical crypto issues. Other interesting features of our Discord are:

1. Weekly Giveaways
2. Work and Earn: Hard working members can earn Ventorian coins to shop in our Discord store. (NFTs, Roles). NB: Ventorian coins can’t be swapped for $VENT and its utility is limited to our discord store.
3. Other incoming perks like whitelist spots in other projects and so on. You are still early.
4. Vent Ambassador roles
5. Andrei & Friends Trivia time
6. Project updates
7. Trading tips and trending alpha

Keep an eye for more incentive programs in the new year, including a feature that lets you get free allowlist (formerly whitelist) spots on launched projects.

VENT PAS Development

This year, we also made significant strides in the development of the much-anticipated point allocation system (PAS). As we built deeper, we discovered many more pain points for improvement and have continued to finetune a possible outcome with different improvement iterations.

Now in our beta testing stage, our team is working on implementing feedback from testers. Over 200 applicants signed up for the sneak peek beta testing preview in September, and you can still join the PAS beta testing too.

$VENT Staking

In 2022, we hit a staking milestone with over $1.3 million worth of $VENT distributed and more than double the figure unlocked. With less than 50 days left to the end of the current staking pool, we intend to explore other ingenious ways to improve utility and value for $VENT and reward long-term holders.

Going forward, we will release guides on how the upcoming PAS will reward patterns for long-term $VENT holders and stakers. Keep an eye out for that one.

2023 | A DAO for VENT

What are your thoughts about a highly functional DAO for VENT? Long overdue right? So we thought. In 2023, we’ll also be setting up our own DAO. DAOs (or decentralized autonomous organizations) have evolved to represent one of the pillars of a truly decentralized financial system. We are democratizing decision-making and putting more responsibility in the hands of our valuable community members.

Much more than most DAOs, ours will take a more comprehensive shape, including features like in-house compensation, dividend distribution, payroll management, contract execution, transaction processing, and vesting launchpad integration, among others.

VENT Loyalty Program

Both the plans for DAO and the VENT loyalty program represent some of the ways we are looking to explore in the quest to reward our valuable community. The loyalty program will involve a series of loyalty reward features, the chief of which is a utility-based loyalty NFT release intended for long-term $VENT holders. Holders of the VENT loyalty NFT can:

• Double their DAO voting power.
• Gain the advantage of double allocations during IDO.
• Unlock preferential bonus points in PAS.
• Access cross-platform utilities in partnership with current and future projects.

Partnerships and Alliances

Remain rest assured that in 2023, we will be announcing even more strategic partnerships across the ecosystem. A good number of these partnership agreements are already concluded, with many more currently in the works as we observe the current market sentiments. Keep an eye out for some of these announcements as we progress.

On the path of an alliance, VENT is set to become a part of the TRUST alliance. TRUST, which stands for travel rule universal solution technology, is a global alliance of over 50 top crypto service providers committed to the financial standards of due diligence, customer confidentiality and accountability in the transfer of transaction information across platforms. As an offshoot of the FinCEN Travel law, the trust alliance requires all members to implement comprehensive KYC/ANML measures — a criterion VENT wholly satisfied — before joining. Read more about TRUST and its partners here.

Something Big is Coming

Many times throughout the year, we continually assured the community of our commitment to building. One of the many things we’ve been working on is a first-of-its-kind in the DeFi space, and a must-have for private serial investors, B2B commercial projects and everyone in between.

Currently, few players in the market offer near similar features, but a robust ecosystem, diverse experience, and comprehensive approach are just some of the advantages that naturally makes us favourites.

Keep an eye out for future calls to our beta testing and possible release date on this feature we just can’t name yet.

So, that’s it! Its been a successful journey with you all the way. Thanks for sticking with us so far. Let’s go again in 2023.

About VENT

VENT is a highly intuitive crowdfunding platform dedicated to providing early-stage projects access to funding from community members.

Combining simplicity, security, transparency, and inclusivity, we are determined to reset the world’s expectations of what a decentralized launchpad is and help evolve the reputation and maturity of the DeFi space and crypto ecosystem.

Buy $VENT

To buy $VENT tokens, please use any of the exchange listings below.

Note: Only correct exchange links for $VENT are listed below.
Please be aware of fraudulent versions of $VENT.
If in doubt, feel free to contact a Vent Community admin.

• Gate.io
• PancakeSwap
  (BSC: 0x872d068c25511be88c1f5990c53eeffcdf46c9b4)

Twitter | Discord | Telegram Community | Website | Launchpad