Venice Token (VVV)

What is Venice Token?

Venice is a blockchain-integrated artificial intelligence platform focused on providing private access to generative AI models for text, image, code, and media generation. The platform emphasizes privacy-preserving AI infrastructure, open-source model access, and decentralized AI inference rather than centralized AI hosting and data collection. Venice positions itself as an alternative to traditional AI platforms by prioritizing user privacy, reducing data retention, and providing open access to AI tools.

What is VVV?

The native asset of the ecosystem is VVV, which operates on the Base network. VVV serves as the utility and governance token of the Venice ecosystem. The token is used to access AI inference services, participate in staking, support ecosystem governance, and interact with AI infrastructure built on the platform. The token has a total supply of 81.02 million units, with approximately 48.41 million VVV in circulation at the time of this publication.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether VVV can be supported by Wealthsimple's platform, including whether VVV is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated VVV based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of VVV, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created VVV;
• The supply, demand, maturity, utility and liquidity of VVV;
• Material technical risks associated with VVV, including any code defects, security breaches and other threats concerning VVV and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with VVV, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of VVV; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether VVV, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to VVV may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support VVV.

Like all other crypto assets, there are some general risks to investing in VVV. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading VVV. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last Updated: September 22, 2026