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Is Venice Token (VVV) halal?

Permitted

The six conditions are met for a spot purchase.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/07/2026 and not reviewed by a human.

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The asset

ERC-20 token on Base: staking asset of the private, uncensored artificial intelligence platform Venice.ai; the staker receives emissions, unlocks the Pro plan and can mint DIEM, a compute credit token Issuer: Venice.ai, a company founded in 2024 by Erik Voorhees, chief executive officer and named founder; its terms of use are governed by Wyoming law; Venice raised $65 million in a Series A (Dragonfly, Coinbase Ventures, F-Prime, North Island Ventures and others) at a $1 billion valuation, in July 2026. The exact legal entity that issues the token was not found in the pages read..

100 million VVV created at genesis (January 27, 2025), then decreasing annual emissions (14 million, then 4, 3 and, since October 1, 2026, 2 million per year); the contract shows 115.0 million issued as of October 7, 2026 and Venice reports 33.7 million burned as of July 1, 2026, about 42% of the supply. CoinMarketCap data of October 7, 2026: rank 57, price of $26.44, 48.6 million VVV in circulation (circulating market capitalization of about $1.3 billion), total supply of 81.1 million.

Why this verdict

  1. Permissible purpose : met. VVV has an established function: by staking it, the holder receives emissions, unlocks Venice's Pro plan and can mint DIEM, a token that gives $1 of compute credit per day on the Venice API; the platform's revenue (subscriptions, credit purchases) is used to buy back and burn VVV. The platform's purpose is access to artificial intelligence models (text, image, video, audio), with no request logs; Venice has 3.5 million registered users according to its own figures. The platform offers “uncensored” models and a “mature” filter that can be turned off: the share of usage and revenue tied to adult content is not published (tolerance, lacunes). No gambling or interest-bearing lending is the platform's purpose.
  2. No riba : met. Holding VVV pays nothing in itself. Staking (a product built on the token, autres_constats) pays emissions of new VVV and not interest on a loan; the compute credit obtained is a right of use. No loan is attached to the token in the pages read.
  3. No gambling : met. The spot purchase is of a transferable ERC-20 token on Base, acquired on decentralized exchanges; the token gives access to a real service; it is not a contract on a price difference. No presale according to the issuer.
  4. No excessive gharar : met. The issuer and its founder are identified. The genesis allocation is published (50% to Venice users and agent protocols on Base, 35% to Venice.ai, 10% to the team of which 25% unlocked at the start and the rest over 24 months, 10% to the incentive fund, 5% in liquidity, according to the January 2025 announcement) and the emission schedule is announced (lowered several times). Limit: the token contract lets the owner mint tokens with no cap; the owner is the staking contract, updated by the issuer, whose update authority was not identified; the supply can therefore be changed by the issuer (scan_securite). The token confers no governance rights. No anonymous party was found.
  5. Real ownership : met. VVV is a standard ERC-20 on Base held in a personal wallet; staking moves the tokens to a contract from which they return after a withdrawal delay. No freeze, blacklist or pause power exists in the token code (the code verified on Sourcify comes down to a constructor and a mint function reserved to the owner, based on the ERC-20 contract of the solmate library).
  6. No fraud or manipulation : met. No sanction, fine or court decision against Venice or the token was found; the AMF blacklist returns nothing; the team is identified; top ten wallets excluding exchanges and contracts: 3.9% (GoPlus scan), under 50%. The owner's minting right is an identified issuer power (A.8), not a rug pull signal: no established signal. Information: in February 2025, an on-chain analyst accused Venice insiders of selling $10.2 million of tokens right after the launch; Erik Voorhees replied that the terms had been announced in advance. No follow-up found.

Contract security scan

GoPlus security scan of the VVV contract on Base: 156,670 holders; top ten wallets excluding exchanges and contracts: 3.9%; code published; no honeypot, freeze or tax found. Signal noted: minting right of the contract owner (is_mintable). Reading under A.8: the verified code (Sourcify) confirms a token-creation function reserved to the owner, with no cap in the contract; the owner is Venice's staking contract (the documentation gives its address, a proxy whose implementation read is an updated staking contract), which creates the announced emissions. Issuer identified: issuer power, not a rug pull signal; the authority that can update the staking contract, and therefore change the emission, was not identified (multisig, team key). Audit: the 2025 blog refers to an audit, not read.

Opinions found during the research

Opinions reported as read, named for what they are; they do not enter into the calculation of the verdict.

What could not be verified

Sources read

Other cryptos analyzed

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology