Venom DAO Initiates Vote on VIP-003 Proposal for Enhanced Scalability

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 05 2026

TOKEN-5.27%

VENOM-1.66%

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Community Vote Launch: Venom DAO has officially initiated a community vote on the VIP-003 proposal, empowering token holders to review and vote through the on-chain governance portal, thereby enhancing participation and transparency in decentralized governance.
Technical Upgrade Proposal: The VIP-003 proposal aims to transition the network to advanced infrastructure, expected to achieve 150,000 transactions per second (TPS) and sub-second finality, significantly improving scalability and performance while ensuring seamless operation of existing smart contracts and digital assets.
Incentive Measures: To encourage broader participation, Venom announced that each wallet voting on the proposal will qualify for 7,777 $XP rewards, which not only boosts user engagement but also adds appeal to Venom Quests Season 6.
Governance Evolution Milestone: This proposal marks a significant milestone in the governance evolution of the Venom platform, and if approved, it will elevate its position among scalable blockchain entities while also testing the efficiency of Venom DAO's governance at scale.

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Technical Analysis for TOKEN

Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

TokenFi (TOKEN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00196	0.00217	0.00234	0.00255	0.00272	0.00293	0.00309
Fibonacci	0.00217	0.00232	0.00241	0.00255	0.0027	0.00278	0.00293

About TOKEN

TokenFi aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call 'the next evolution in markets”.TokenFi is launched by the highly experienced and connected Floki team that launched the popular Floki token that went to an ATH valuation of $3.5 billion. They will be leveraging this same experience to make TokenFi the number one tokenization platform in the industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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