VANA Airdrop Announced on Binance Launchpool: BNB Price Surges 3.41%

The crypto community is abuzz as Binance, the world’s largest crypto exchange, announces the upcoming airdrop of Vana (VANA) via its Launchpool platform. The move offers users a chance to farm VANA tokens by locking up BNB and FDUSD, with farming scheduled to begin on December 14, 2024 at 00:00 UTC.

The announcement has already impacted the market, with Binance’s native token, BNB, surging +3.41% following the announcement.

Farm VANA on Binance

How to Farm VANA Tokens

Participants can earn VANA tokens by locking up either BNB or FDUSD in dedicated Launchpool pools during the two-day farming period.

Supported Pools:

BNB Pool: Offers the majority of rewards, with up to 8,500 VANA tokens per user.

FDUSD Pool: Features smaller rewards, capped at 1,500 VANA tokens per user.

A total of 4,800,000 VANA tokens (4% of the max supply) have been allocated as farming rewards:

85% of the rewards for the BNB pool.

15% of the rewards for the FDUSD pool.

The farming period is ending as Binance prepares to list VANA on its platform.

VANA Crypto Listing Details

Binance will officially list VANA on December 16, 2024 at 10:00 UTC, enabling spot trading with the following pairs:

VANA/USDT

VANA/BNB

VANA/FDUSD

VANA/TRY

Market Reaction: BNB Price Surge

The announcement generated significant interest, as evidenced by a +3.41% increase in the price of BNB shortly after the announcement. Binance’s Launchpool platform proved to be a powerful driver of market activity, with traders and investors quickly accumulating BNB to participate in farming opportunities.

Important Notes:

Binance will be the exclusive listing platform for VANA initially, with trading only commencing after December 16, 2024 at 10:00 UTC.$BNB