Vana (VANA) Joins Binance Launchpool: Farming Starts December 14, 2024

Binance Launches Vana (VANA): Key Details and Insights

Binance has recently unveiled its latest Launchpool project, Vana (VANA). This marks the crypto exchange's 62nd Launchpool initiative, showcasing its commitment to innovation within the blockchain sector. Vana operates on a native EVM-compatible Layer 1 blockchain that emphasizes user-owned data, aligning with the increasing demand for data privacy and ownership among users.

Important Dates for VANA Farming and Trading

• Farming Start Date: December 14, 2024, at 00:00 UTC
• Farming End Date: December 15, 2024, at 23:59 UTC
• Trading Start Date: December 16, 2024, at 10:00 UTC

Trading Pairs Available

The following trading pairs will be available for VANA:

• VANA/USDT
• VANA/BNB
• VANA/FDUSD
• VANA/TRY

Farming Mechanics and Reward Distribution

Participants in the Vana farming pools can earn a total of 4,800,000 VANA tokens, equivalent to 4% of the total supply. The split between pools is as follows:

• BNB Pool: 85% (4,080,000 VANA)
• FDUSD Pool: 15% (720,000 VANA)

To earn rewards, users need to lock BNB and FDUSD in their respective pools. The farming incentives indicate a user-friendly approach, encouraging participation from a broad audience.

Hourly Hard Cap for Participants

To ensure fair distribution, Binance has set a maximum hourly cap for both pools:

• BNB Pool: 8,500 VANA per user
• FDUSD Pool: 1,500 VANA per user

It's important to note that users must complete Binance KYC verification in order to participate in the farming initiative.

Insights into VANA Tokenomics

Understanding the VANA ecosystem is key for potential investors and participants. Here’s a quick overview of its token distribution:

• 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)

The structured tokenomics indicates a secure foundation for the project, aiming to excite potential investors.

Conclusion

The launch of Vana through Binance’s Launchpool not only adds to the growing landscape of decentralized finance (DeFi) projects but reinforces the importance of user data ownership. As the crypto market progresses, initiatives like Vana represent a significant trend towards creating more inclusive and secure digital solutions.

For those interested in participating, mark the dates and ensure your Binance account is KYC-verified to take advantage of this promising opportunity.