VENT: June Update

Vent Finance
The Vent Blog
Published in
4 min readJul 5, 2021

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VENTMonthly Recap: June Update.

June has been a whirlwind of activity. We’ve been working relentlessly behind the scenes to provide our community with the greatest product possible and to guarantee that everything is in place for the $Vent Token Generation Event (TGE). Over the last month, we’ve made significant progress toward those goals, and we’re proud to share them with you.

Community

We’ve made it clear from Day 1 that VENT is first and foremost a community-focused platform. Our top priorities are to create the best product possible for our community while listening to every single one of your voices. This is why, this past month, we announced an incredible initiative to provide our most active early members with guaranteed whitelist spots for our TGE. It had been requested by the community and we saw no reason to not deliver! This is just one of several initiatives we have planned to engage our community and express our gratitude for their ongoing support.

You may be wondering, “Who exactly makes up this community?”. Well, the Vent community reaches far and wide, from South Korea to Brazil. For the past month, the number of Ventorians has grown exponentially, with our Twitter following growing to over 2,800 as of the time of writing. Furthermore, our official Telegram community has grown to over 1,800 members, with all our local communities (as of now includes Korea, Spain, Vietnam, Portugal, Russia, and Turkey) summing up to almost 1,700 members.

Our goal is to have one of the most engaged and active communities in the crypto space. To that end, we’ve started off strong and will continue to nurture the relationship we have with all of you Ventorians. Once a Ventorian, Always a Ventorian!

Integrations/Business Partnerships

In June, we nurtured numerous relationships and integrations that will be extremely advantageous in the future.

At the beginning of June, we announced our integration of the Chainlink VRF on our mainnet to secure a Decentralized Allocation System. The Chainlink VRF ensures that our community will have a provable fair whitelisted process.

Then we announced our partnership with Bridge Mutual, a decentralized risk coverage platform that provides coverage for smart contracts, stablecoins, and exchanges. As we described in our blog post regarding the partnership “By using a decentralized source of insurance, participators prospecting for gems on VENT will outsource risk coverage on Bridge Mutual”. This will be a game-changer for our community, as insurance has always been centralized, and quite costly.

Last but certainly not least is our partnership with Polygon, announced a week ago, which will provide dApps that launch on our platform with scalability, modular security solutions, compatibility with Ethereum tools. This will allow projects to avoid Ethereum’s high gas fees and congestion problems and will allow VENT to be the first to create a Polygon to Cardano bridge. Truly Revolutionary.

Vent Team

Our primary objective is to create the best product possible for our community. To that end, we have onboarded several Haskell developers in the month of June, priming us for an immediate migration to Cardano once the Alonzo release is out. We’re excited to keep growing our team and company DNA through the detailed hiring plan we put in place for the next 6–12 months.

Re-Branding

We underwent a re-branding process in the month of June. Although we were pleased with our previous logo, we wanted to take the next step and completely revitalize our branding. Vent’s new brand embodies all of the values that we stand for: simplicity, inclusivity, community, and cutting-edge innovation.

What’s coming up?

We are constantly working behind the scenes, and are excited to announce that our full-fledged website, as well as VENT, will be available in the coming week. A lot of blood, sweat, and tears have gone into creating the best product for every Ventorian.

Now, what everyone has been waiting for…the TGE! We have recently announced that the registration for the TGE will start on Wednesday, July 7th, 2021. Although we haven’t announced the official TGE date yet, keep an eye out, it may be announced sooner than you think… 👀

Finally, we are overwhelmed by the outpouring of love and support from our community. We are still in the early stages and are very excited to grow into one of the largest DeFi ecosystems of the next decade.

About VENT

VENT turns ideas into successful growth journeys. It’s where founders share innovative blockchain projects with the communities that join forces to fund them.

VENT is empowering startups and retail participants with technology to support sustainable growth. We work to make decentralized funding simple and accessible as we believe in financial inclusion and an economy where innovation can benefit society as a whole.

Combining simplicity, security, and transparency, 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.

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