Very Network Migration Begins as 577M VERY Moves to User Wallets

Very Network has begun one of its largest token migration operations to date, transferring mined VERY balances from more than 100,000 users into the project's Very Wallet.

The migration covers 102,596 users and involves approximately 577.9 million VERY tokens, according to an update published by Very Network through its official X account. The project said the transfers are already being processed and that users should receive their balances within five days.

Source: Official Post

The latest development marks a major step in Very Network's transition from an in-app mining system toward on-chain token ownership. For users who have accumulated VERY through mining activities, the process means their previously recorded balances are being moved into an on-chain wallet where they can be viewed directly on the blockchain.

Very Network has urged users to remain patient while the current batch is processed and to rely on official communication channels for updates.

Very Network Migration Is Now Underway

The latest Very Network migration update moves the project from preparation into the execution stage.

According to the project's announcement, the current migration round includes VERY mined through August 10 at 9:00 a.m. UTC. More than 100,000 transactions are being processed as part of the operation.

The project expects the transfers to be completed within five days. Users will receive an individual Admin Message once their specific balance has been successfully transferred.

The notification system is intended to give users confirmation that their individual migration has been completed rather than requiring them to monitor a single public transaction list.

For many VERY holders, the transition represents an important change in how their accumulated rewards are recorded.

Previously, mined VERY balances were reflected inside the application's internal system. Following the migration, the tokens will appear as on-chain assets in the user's Very Wallet.

More Than 577 Million VERY Included in the First Major Batch

The scale of the migration is significant.

Very Network says the current batch contains 577,919,252.60 VERY distributed across 102,596 users.

That works out to an average of roughly 5,633 VERY per user, although actual balances vary considerably between individual accounts.

Migration Metric	Current Figure
Users covered	102,596
VERY being transferred	577,919,252.60
Approximate average per user	5,633 VERY
Mining cutoff	August 10, 2026, 9:00 AM UTC
Expected completion	Within five days
User notification	Individual Admin Message

These figures are based on information released by Very Network and should therefore be understood as project-reported statistics.

The operation is considerably larger than a typical individual wallet transfer because thousands of users are being processed as part of a coordinated migration.

Why the Very Network Migration Matters

The migration is important because it changes the way users can view and hold their accumulated VERY.

In an in-app mining environment, a user's balance can exist primarily as an internal record maintained by the application. That does not necessarily mean the balance is represented by a corresponding on-chain token that the user can independently verify.

Moving VERY into a wallet changes that structure.

Once a transfer has been completed, users are expected to see their VERY balance as an on-chain asset in Very Wallet. The ownership record can then be associated with a blockchain address rather than remaining solely within the application's internal accounting system.

This represents a broader shift toward blockchain-based ownership and could provide users with greater visibility over their accumulated tokens.

However, the migration itself should not automatically be interpreted as a guarantee that the tokens have a particular market value or immediate trading utility. Those factors depend on the project's broader ecosystem, exchange availability, liquidity and future development.

The August 10 Cutoff Is Important

Not every mined VERY balance is necessarily part of the same migration batch.

Very Network specified that the current round covers VERY mined up to August 10 at 9:00 a.m. UTC.

That cutoff is important for users attempting to determine whether their balance should be included in the current transfer.

Users who earned additional VERY after that point may need to wait for a later migration round, depending on the project's rollout schedule.

Very Network has indicated that the current operation is part of a broader migration process. Additional balances could therefore be handled through subsequent rounds as the project continues processing its user base.

For that reason, users should avoid assuming that a balance not included in the first batch has been permanently lost.

Instead, they should monitor official Very Network announcements for information about future migration rounds.

Why Transfers May Take Up to Five Days

Processing more than 100,000 transactions is substantially different from transferring tokens between a small number of wallets.

Large-scale migrations require careful coordination to reduce the possibility of errors, incomplete transfers or technical congestion.

Very Network has attributed the five-day timeframe to the scale of the operation.

Rather than attempting to process every user's balance simultaneously, the system can handle transactions in a controlled sequence. This approach can make it easier to monitor progress and identify potential problems before they affect a larger number of accounts.

Blockchain transactions also require network confirmation before they can be considered final.

As a result, users should not necessarily expect their VERY to appear immediately after the migration begins.

The five-day period should instead be viewed as the project's expected processing window.

What Users Should Expect After Migration

Once an individual transfer is completed, the user's VERY balance should become visible in Very Wallet as an on-chain holding.

Very Network says users will receive an Admin Message confirming that their transfer has been completed.

This means users do not need to repeatedly submit migration requests if they are already included in the current batch.

The recommended approach is to wait for the project's notification and then check the Very Wallet balance.

If the transfer has not appeared immediately, users should avoid taking unnecessary action or attempting to repeat the migration process unless Very Network specifically instructs them to do so.

Repeated actions could potentially create confusion, particularly during a large-scale automated rollout.

VERY Supply Remains Unchanged

Another important aspect of the migration is that moving tokens between wallets does not create additional supply.

Very Network has stated that the total VERY supply remains fixed at 10 billion tokens.

The migration changes the location and ownership record associated with existing balances. It does not increase the total number of VERY in circulation.

This distinction matters because token transfers and token issuance are fundamentally different processes.

A migration moves existing assets from one system or address to another. New token issuance, by contrast, increases the supply.

In the current Very Network operation, the project describes the process as a transfer of existing mined balances.

From In-App Mining to On-Chain Ownership

The migration represents a broader evolution in the Very Network ecosystem.

Users have accumulated VERY through the project's mining system, but the migration provides a bridge between those in-app rewards and blockchain-based ownership.

That transition can be particularly important for users who have spent months building balances through the platform.

An on-chain representation gives users a clearer way to identify their holdings through a blockchain wallet.

It also creates the infrastructure necessary for future blockchain-based applications involving the token, although the specific utility and availability of those functions depend on the project's future plans.

Users should therefore separate what is happening now from what could happen later.

The current confirmed development is the transfer of mined balances into Very Wallet. Any future trading, ecosystem utility or additional token functionality would require separate announcements.

What Should Very Network Users Do Now?

For users included in the current migration, Very Network says no special action is required.

The recommended steps are relatively simple.

First, wait for the individual Admin Message confirming that the transfer has been completed.

Second, check the VeryChat application and official Very Network communication channels for additional updates.

Third, verify the balance in Very Wallet after receiving confirmation.

Users should also be cautious about messages from unofficial accounts.

Large token migrations often attract scammers because users are actively looking for information about their balances. Fake administrators may attempt to persuade users to connect wallets, disclose private information or pay fees to accelerate transfers.

Those requests should be treated with caution.

Security Remains a Major Concern

Users should never provide a wallet recovery phrase or private keys to another person claiming to represent Very Network.

A legitimate migration process should not require users to disclose private wallet credentials.

Users should also be careful when clicking links shared through Telegram, X or other social media platforms. Fraudulent websites can be designed to closely resemble legitimate wallet interfaces and may attempt to obtain sensitive information.

The safest approach is to access Very Network's official channels directly and verify any migration-related instructions before taking action.

What Happens Next for Very Network?

The current migration is unlikely to be the final stage of the process.

With more than 102,000 users included in the current round, Very Network has demonstrated the scale of the transition it is attempting to complete.

Additional migration rounds may be required for balances that fall outside the August 10 cutoff or for users whose accounts require additional processing.

The project's next updates will therefore be important for users who are not included in the current batch.

The migration also provides an important foundation for the future development of the Very ecosystem. Moving token balances on-chain can open the door to additional blockchain-based functions, although those possibilities should not be confused with confirmed features.

Final Takeaway

The Very Network migration is now actively moving mined VERY balances from the project's internal system into Very Wallet.

The current round covers 102,596 users and approximately 577.9 million VERY, with the project targeting completion within five days. Users included in the migration are expected to receive an individual Admin Message once their transfers have been completed.

The current batch covers VERY mined through August 10 at 9:00 a.m. UTC, making that cutoff particularly important for determining whether a user's balance is included.

For now, users do not need to take additional action. The best approach is to wait for the official notification, verify the balance in Very Wallet after completion and rely only on official Very Network communication for further instructions.

The migration marks a significant step in the transition from in-app mining balances toward on-chain token ownership. While the process itself does not guarantee future token value or utility, it gives VERY holders a more direct blockchain-based representation of their accumulated assets.

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