VANA Crypto has risen by1000% after the Binance Launchpool announcement. The event will take place on December 16, 2024, at 10:00 UTC. This is an important milestone for the project.
The cryptocurrency market is known for its ups and downs, but the recent jump in the VANA token has surprised many. After Binance Launchpool announced it would list the VANA token, which is part of the Nirvana project, its value soared by an incredible 1000%. This huge increase shows how quickly crypto prices can change, especially when major exchanges list new tokens.
Binance to List VANA on December 16, 2024
Binance, a leading cryptocurrency exchange, revealed that it would list VANA, a token for the Vana network—an EVM-compatible Layer 1 blockchain focusing on user-owned data. The announcement, set for December 16, 2024, at 10:00 UTC, grabbed a lot of attention in the crypto world. Some traders mistakenly connected this announcement to the VANA crypto from the Nirvana project, which had been inactive for months.
The Vana network promotes itself as “the first open protocol for AI data sovereignty.” Its native token aims to power its ecosystem, enabling decentralized, user-owned data transactions. The Nirvana project’s VANA token saw a huge increase of over 1000%. However, this rise is not linked to Binance’s upcoming listing.
Binance’s VANA Launchpool Details: VANA Crypto
Binance’s Launchpool is set to list VANA, the token for the Vana network, on December 16, 2024, at 10:00 UTC. Open trading will begin with VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY pairs. The token will carry Binance’s Seed Tag, highlighting its newness in the market.
Binance also revealed the specifics of its VANA farming initiative:
Token Name: Vana (VANA)
Max Token Supply: 120,000,000 VANA
Launchpool Rewards: 4,800,000 VANA (4% of max supply)
Initial Circulating Supply: 30,084,000 VANA (25.07% of max supply)
Users can farm VANA by locking their BNB or FDUSD tokens, with farming beginning on December 14, 2024, at 00:00 UTC and concluding on December 15, 2024, at 23:59 UTC.
Token Distribution and Unlocking Schedule
The VANA tokenomics show a smart allocation plan. It outlines how the tokens will be distributed.
44% allocated to the community, unlocked over 36 months
22.9% reserved for ecosystem development, unlocked over 48 months
18.8% allocated to core contributors
14.2% reserved for investors
These allocations aim to ensure sustainable growth for the Vana network.
Hard Caps and Farming Details
Binance has set hourly limits per user to ensure fairness in the farming process.
8,500 VANA in the BNB pool
1,500 VANA in the FDUSD pool
The farming rewards are distributed as:
4,080,000 VANA (85%) for the BNB pool
720,000 VANA (15%) for the FDUSD pool
These measures ensure equitable distribution and prevent excessive accumulation by individual users.
The Road Ahead for VANA
As the VANA Crypto gets ready for its launch, the Vana network plans to lead the way in decentralized, user-owned data solutions. Its system will allow people to control their own data while being part of a decentralized network.
Meanwhile, the Nirvana project’s token has enjoyed a surprising resurgence, albeit fueled by misunderstanding. Whether this momentum can translate into sustained interest remains to be seen.
The recent surge of VANA Crypto, a staggering 1000%, has captured the attention of the crypto community following Binance’s announcement regarding its upcoming listing on December 16, 2024. This big jump in value shows how much major exchange listings can impact a token’s price. Binance’s Launchpool will feature VANA, the main token of the Vana network. This network is an EVM-compatible Layer 1 blockchain focused on decentralized, user-owned data. The project’s tokenomics outline a smart plan for distributing tokens to encourage long-term growth.
Despite the surge, it is important to note that the VANA Crypto that has spiked in value is linked to the Nirvana project, not the Vana network’s official token set to launch on Binance. This confusion has fueled the unexpected rise, which remains to be seen if it will be sustainable. Binance’s Launchpool event offers an opportunity for users to farm VANA Crypto through BNB or FDUSD, with clear guidelines to ensure fairness in the process.
The Vana network aims to give people control over their data with its decentralized platform. This could have a big impact in the crypto world. As the VANA Crypto gets ready for launch, people are watching closely. They want to see if it can change the decentralized data space. They are also curious if it can keep the excitement it has built up in the market.
Also Read: Binance to List Velodrome Crypto (VELO) – Don’t Miss the Big Launch on 2024-12-13!
