Very Network confirmed that its Very Network migration is now in progress through an official post on X. Mined VERY balances for 102,596 users are being transferred to the Very Wallet, totaling more than 577.9 million VERY. The project says transfers will complete within five days.
Source: Official Post
The update came from the project's verified X account. It confirmed the following details about the current round of the Very Network migration:
The round covers VERY mined up to August 10, 9:00 AM (UTC)
Over 100,000 transactions are currently processing
Users should receive their VER within five days at the latest
Each user gets an individual Admin Message once their transfer is complete
This round follows Very Network's initial announcement on August 10, 2026, which confirmed that data preprocessing was complete and set the rollout in motion.
The current update moves from planning to execution, covering VERY much up to the stated cutoff. According to the project, this is the first large batch processed under the current rollout, with further rounds likely as remaining balances are reviewed.
The Numbers Behind the Very Network Migration
Metric | Figure |
Users covered in this round | 102,596 |
Total VERY being transferred | 577,919,252.60 VERY |
Average VERY per user | Approx. 5,633 VERY |
Cutoff for mined VERY | August 10, 9:00 AM (UTC) |
Expected completion window | Within 5 days |
Notification method | Individual Admin Message |
Moving balances for over 100,000 accounts at once means processing a large batch of on-chain transactions, meaning transfers recorded directly on the blockchain, rather than instant, one-by-one updates.
Very Network said this volume is the reason for the five-day window, even accounting for unexpected delays. Blockchain networks typically confirm transactions in batches to maintain security and avoid overload on the underlying infrastructure.
Processing gradually, instead of all at once, reduces the chance of errors during a transfer of this scale, according to standard practice for large-scale wallet transitions.
Once a transfer completes, the VERY appears as an on-chain coin in the user's Very Wallet. The user is notified individually through an admin message inside the app, rather than a single blanket announcement.
VERY's total supply stays fixed at 10 billion tokens throughout this process, since the transfer only changes where balances sit, not how many tokens exist.
Once visible in the VERY Wallet, holders can view their VERY balance directly on-chain, meaning the record lives on the blockchain rather than inside the app's internal database.
This gives users direct visibility into their holdings for the first time, since balances previously existed only as in-app mining figures before this round of transfers.
No action is required from users during this round of the Very Network Migration. The advised steps are:
Wait for the individual Admin Message confirming your transfer
Check the VeryChat app and @verylabs on X for further official updates
Avoid relying on unofficial channels for status or timing
Very Network's latest update confirms the Very Network migration is moving from announcement to execution, with over 100,000 transactions already processing.
The scale of this rollout, more than 577 million VERY across over 102,000 users, marks one of the project's largest wallet transfers to date. Users should expect their admin message notification within the stated five-day window.
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.
