Binance has announced its latest Launchpool project, Vana (VANA), a native EVM-compatible Layer 1 blockchain focusing on user-owned data. This marks Binance's 62nd Launchpool project, with farming set to begin on December 14, 2024, at 00:00 UTC. Trading for VANA will commence on December 16, 2024, at 10:00 UTC, with pairs including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY.
Farming and Rewards Details
Participants can lock BNB and FDUSD in dedicated pools to earn a share of the 4,800,000 VANA token rewards, representing 4% of the total supply. The farming period will run for two days, concluding on December 15, 2024, at 23:59 UTC. The majority of rewards—85% (4,080,000 VANA)—will go to the BNB pool, while the FDUSD pool will offer 15% (720,000 VANA).
The hourly hard cap per user has been set at 8,500 VANA for the BNB pool and 1,500 VANA for the FDUSD pool. Users must complete Binance KYC to participate.
VANA: A Glimpse at the Tokenomics
Total Supply: 120 million VANA.
Genesis Supply: 112.64 million VANA (93.87% of total supply).
Initial Circulating Supply: 30.08 million VANA (25.07% of total supply).
A Secure Start
To ensure transparency and security, Binance has emphasized that any claims to sell or offer VANA tokens before December 16, 2024, should be treated as false advertising. Binance will also apply its Seed Tag to VANA, signaling it as an innovative project with potential volatility.
