What is Venom Token?
Venom Swap is an automated market maker (AMM) decentralized exchange and yield farming platform for Binance Smart Chain (BSC) that rewards holders of the BEP-20 exchange token VENOM for holding by multiplying farming rewards in proportion to the duration of VENOM token holding. For each purchase or sale of VENOM token 3% of transaction value is used for automated liquidity acquisition, while another 2% is burned as a deflationary mechanism. Users can earn passive yield from a portion of transaction fees by providing liquidity to Venom Swap farms or pools.
