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| Unit | |
|---|---|
| Symbol | VEN |
| Denominations | |
| Demographics | |
| Date of introduction | 4 July 2007[1] |
| Official user(s) | None |
| Unofficial user(s) | Unspecified |
| Issuance | |
| Private company | Hub Culture Ltd. |
| Website | ven |
| Valuation | |
| Inflation | N/A |
| Method | Claims it is pegged with a basket of currencies, commodities and carbon futures.[2] |
Ven (sign: VEN) is a representative digital currency. Its origin was as a community currency created by the Hub Culture social network. It claims the value of Ven is determined by backing currencies, commodities and assets. Because the currency is privately run, the true value is impossible to verify. [2] It trades against major currencies at floating exchange rates.[citation needed] Ven was listed as of 2014 on the LMAX Exchange.[3]
- ^ Cite error: The named reference
pr2009was invoked but never defined (see the help page). - ^ a b Cite error: The named reference
pr2010was invoked but never defined (see the help page). - ^ Irrera, Anna (2014-01-29). "Q&A with LMAX CEO on Ven Virtual Currency". Financial News. eFinancialNews Limited. Retrieved 2014-01-31.