We wanted to do the opposite of most other projects: while most pre-sell to VCs on undisclosed terms and promise to build a product or find users later, Venice didn’t pre-sell to anyone and had already demonstrated product-market fit for a year by the time VVV was airdropped to the community.
The token traded openly for 18 months before Venice brought in outside capital. The participants in Venice’s Series A agreed to these terms because they are aligned with Venice’s long-term vision.