Binance Launchpool launches Vana (VANA)
Binance, the world’s largest cryptocurrency exchange, announced its The latest Launchpool project-Vana (VANA)marking the 62nd time the platform has added its innovative token mining program. Users will be allowed to lock their Binance Bank and FDUSD Receive VANA airdrops over Two days of farming,from December 14, 2024 00:00 UTC and ends with December 15, 2024 23:59 UTC.
The project has already caused a stir in the cryptocurrency community, with Binance confirming that it will be the first platform to list the VANA token. Mark your calendar for deals due December 16, 2024 10:00 UTC.
Main highlights of VANA
Main agricultural highlights:
- Total starting pool rewards: 4,800,000 VANA (4% of maximum token supply).
- Supported pools:
- Binance Coin Mining Pool: 4,080,000 VANA (85% of the reward).
- FDUSD pool: 720,000 VANA (15% of reward).
- Hard cap per user hour:
- Binance Coin Mining Pool: 8,500 years old.
- FDUSD pool: 1,500 years old.
Participants can begin locking their tokens once the dedicated webpage goes live, which is expected to be available approximately 12 hours before mining begins.
Token Economics and Supply Details
VANA has a well-structured token economic model to ensure the sustainability and value of its ecosystem. Token supply details include:
- Maximum token supply: 120,000,000 old.
- Genesis Token Supply: 112,641,600 VANA (93.87% of maximum supply).
- Initial circulating supply: 30,084,000 VANA (25.07% of maximum supply).
Binance will list VANA for spot trading December 16, 2024 10:00 UTCthere are the following trading pairs: VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY.
Enhance security with seed tags
As part of Binance’s ongoing security measures, VANA will be listed with a seed tag. The title ensures transparency by identifying projects at an early stage, enabling users to make informed investment decisions.
What’s next for Vana?
The entry of Vana into the Binance Launchpool ecosystem marks an exciting development for blockchain enthusiasts, with Vana positioned as a breakthrough EVM-compatible layer 1 blockchain dedicated to powering user-owned data. Binance’s first listing of VANA further solidifies its commitment to promoting innovation and expanding the horizons of decentralized technology.
For those seeking to explore the blockchain and data-empowered future, the VANA Launchpool and subsequent listing on Binance presents a promising opportunity. Stay tuned as the project unfolds and become part of the dynamic Binance ecosystem.
