Very Network Migration Complete: What Holders Should Do Next
Pravin Bisen
The Big Update: Migration Complete
The project confirmed that the Very Network Migration Complete milestone has been reached through an official post on X on August 12, 2026.
Mined balances have moved into the wallet as on-chain coins, meaning holdings now exist directly on the blockchain rather than inside the app's internal ledger. Holders can confirm their exact amount through the in-app admin message.
Source: Official X Post
What the Project Confirmed
The verified @verylabs account posted the update. It confirmed the following now that the Very Network Migration Complete status has been reached:
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Mined balances are now on-chain coins inside the wallet
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The exact converted amount appears in each holder's in-app admin message.
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Anyone who missed this round of KYC, meaning identity verification, will get more chances later
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No new action is required beyond checking the wallet and the admin message.
Key Facts at a Glance
The table below summarizes the Very Network Migration Complete update.
| Detail | Status |
| Announcement date | August 12, 2026, 9:17 AM (UTC) |
| Process status | Finished |
| Balance location | On-chain, inside the wallet |
| Balance confirmation | In-app Admin Message |
| Missed KYC | More rounds planned |
| Store payments | Available through the project's payment tool |
What to Do With Balance
Now that Very Network Migration Complete status is confirmed, the project laid out two options for holders:
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Hold the balance until an exchange listing is announced
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Spend it directly at stores that accept it, findable through VERYPAY at pay.verychat.io
The tool lists stores where holders can pay the same way they would with cash, according to the project's own site.
Scam Warning From the Project
The project issued a direct warning alongside the completion announcement:
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No official airdrop site exists for this token
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The team never asks for a holder's seed phrase
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Peer-to-peer trades carry added risk and should be handled carefully
This warning matters because completion announcements like this one are common targets for phishing, where scammers impersonate official channels to steal wallet access.
What's Next for the Ecosystem
The project described this step as the start of a larger phase, not the end of one. With the Very Network migration complete status reached, the ecosystem tied to this token, including the payment tool and node NFT rewards, continues to expand.
The Node NFT program remains part of that expansion. According to the project's own documentation, 8,000 Node NFTs are being distributed in total, with a portion set aside for the community rather than sold outright.
Source: Official Node Page
Separately, the payment tool has continued rolling out new features, including online store onboarding for merchants who want to accept the token directly, according to the project's official posts.
Together, these point to a roadmap that treats the wallet migration as one step among several, rather than a finish line for the ecosystem itself.
Conclusion
The Very Network migration complete update marks a real shift for holders; balances are no longer app-only figures but on-chain coins sitting in the wallet.
The project paired this milestone with a direct scam warning, a signal worth taking seriously given how often completion events attract phishing attempts. From here, holders have two clear options: hold, or spend through the project's own payment tool.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before making investment decisions.
