Very Network Migration Starts Aug 10: Why Your Balance Hits Zero
Pravin Bisen
What You Need to Know First: The Key Facts
Very Network confirmed that its Very Network migration will begin on August 10, 2026 (UTC). The official update came from the project's verified X account on 10 August. Data preprocessing, including abuse classification, is complete and now under final review.
The update also addressed a common concern. In-app mining balances will show 0 once the shift takes effect. This is not a loss of funds.
VERY tokens convert into on-chain coins, meaning tokens recorded directly on the blockchain ledger, inside the Very Wallet.
Source: Official X Post
What Very Network Just Confirmed
The post thanked the community for its patience during the wait. It laid out the current state of the VERY Network migration in three points:
Data preprocessing, including abuse classification, is complete and in final review
The rollout is expected to start on August 10 (UTC)
Afterward, the in-app mining balance will display 0, with VERY converted into on-chain coins in the Very Wallet
Should Users Be Worried?
The Very Network migration moves user token records from an internal app ledger to the blockchain itself. Before the shift, mining balances existed only inside the VeryChat app. Once complete, those balances become on-chain coins that holders can view and manage through the Very Wallet.
A balance showing 0 right after the changeover is expected behavior. The project addressed this directly in its post, aiming to prevent confusion among users checking their app.
Official Details
Detail | Status |
Data preprocessing | Complete, in final review |
Very network migration starts. | August 10, 2026 (UTC) |
In-app mining balance after the shift | Displays 0 |
Converted token location | Very Wallet (on-chain) |
Announcement source | @verylabs on X |
Market Context
Very Network has rolled out its wallet transition in stages since mid-2025. Earlier steps included KYC verification, meaning identity checks, and the launch of Very Wallet in October 2025.
The very network migration announced for August 10 builds on that earlier groundwork.
Beyond the Balance Reset: What Else Very Network Is Building
The shift to on-chain coins is only one part of Very Network's broader roadmap. The project kept shipping product updates through the same period, including VeryChat version 2.0.22, released on August 5, 2026, which fixed app crashes and black-screen issues on Android devices.
The mining ecosystem inside VeryChat still gives users an active reason to stay engaged. Node NFT rewards and VeryAds, an advertising-based earning feature, continue running alongside the app during this transition. According to the project, neither feature is paused by the current update.
Software updates alone don't decide a project's long-term standing. For Very Network, real growth still depends on wider factors: user adoption, coin utility, and liquidity across exchanges.
The Very Network migration clears a technical barrier since balances that once lived only inside the app now sit on-chain. What happens next depends on how the wider ecosystem builds on that foundation.
What Comes Next
Very Network has not published a fixed end date for the current phase. Users are advised to check the official VeryChat app and the @verylabs X account for further updates on wallet balances and any additional steps.
VERY has a fixed total supply of 10 billion tokens, meaning a token cap that never increases, and no new coins are minted beyond that number, according to the project's official support documentation.
This supply structure stays unchanged by the Very Network migration; only the balance's location moves from the app to the Very Wallet.
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.
