The 62nd project on Binance Launchpool is VANA (NIRVANA). This token suddenly gained 78 times in value due to the similarity of the name. VANA’s listing will take place on December 16.
Launchpool Project and Rise Due to Name Similarity
Binance announced the 62nd project on Launchpool, and after this announcement, the price of another altcoin increased 78 times due to the similarity in name. In cryptocurrencies, name similarities can often lead to speculative increases when liquidity is low. However, which altcoin will Binance list and airdrop?
Binance Airdrop and Listing
Binance has announced that it will list VANA, an EVM-compatible Layer 1 network. This listing will be the 62nd project on Binance Launchpool, and investors will also be able to receive airdrops. The Launchpool screen will open in 12 hours, and investors will be able to earn airdrop rights by staking BNB and FDUSD for 2 days. The listing will be on December 16. Binance will activate VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY pairs for VANA Coin. The listing will be made with the "seed" tag, meaning there is a high volatility warning.
Token Supply and Distribution
The Genesis token supply will be 112,641,600 VANA, which is 93.87% of the total supply. As a reward to investors, 4% of this supply (approximately 4.8 million tokens) will be distributed. The supply at the time of listing on the Binance exchange will be 30.084 million, which is 25% of the total supply in circulation.
After the Binance good news, the token named VANA (NIRVANA) experienced a 78% increase due to the similarity of the name and low liquidity. However, this token has no connection with the VANA Coin to be listed by Binance.
