 as its 62nd Launchpool project, offering users the chance to farm VANA tokens by locking BNB and FDUSD.){kind=link}
Binance, one of the largest cryptocurrency exchanges globally, has announced, earlier today on the 13th of December, the launch of its 62nd project on the Binance Launchpool, Vana (VANA).
The native EVM-compatible Layer 1 (L1) blockchain aims to revolutionize the way users own and control their data. In a recent blog post, Binance shared the details of the upcoming event and its excitement around VANA’s entry into its ecosystem.
Key Dates and Token Airdrops
The VANA Launchpool event will start on December 14th, 2024. Users can participate by locking their BNB and FDUSD tokens in the Launchpool to earn VANA airdrops over two days.
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A snapshot of user balances will be taken hourly to calculate rewards based on average holdings. Participants will accumulate rewards that can be claimed directly to their spot accounts at any time during the farming period.
The rewards for this event will be distributed from a total of 4,800,000 VANA, which represents 4% of the total token supply.
Token Listing and Trading Pairs
Following the farming period, Binance will list VANA on its spot market on December 16, 2024. The token will be available for trading under multiple pairs, including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. VANA will also feature the Seed Tag, which highlights its status as a high-quality token with potential for strong growth.
Vana’s total token supply is capped at 120,000,000 VANA, with 112,641,600 VANA (93.87% of the total supply) allocated to the Genesis Token Supply. The initial circulating supply of VANA when listed on Binance Spot will be 30,084,000 VANA, or about 25% of the maximum token supply. This offers a promising opportunity for early participants to gain exposure to the token before its official market listing.
The project has also gained attention due to its innovative approach to data ownership, with Vana aiming to give users full control over their own data on a decentralized blockchain. This aligns with growing concerns about user privacy and control in the digital age.
How to Participate and Reward Information
To participate in this Launchpool event, users must lock their BNB or FDUSD tokens in the pool. The rewards are calculated on an hourly basis, and users can track their rewards in real time. They will also be able to claim their rewards at any time and directly transfer them to their Binance spot account.
It’s important to note that users can only lock their tokens in one Launchpool at a time. For example, if a user locks their BNB in one Launchpool offer, they cannot simultaneously lock it in another. However, users can divide their holdings across multiple offers.
Trading Bots and Spot Copy Trading
Once VANA is listed on the spot market, users will be able to trade it using Binance’s Trading Bots and Spot Copy Trading features. These tools allow users to automate their trading strategies or copy trades from successful traders, offering an additional layer of convenience and flexibility.
With the launch of VANA on Binance Launchpool, users have an exciting opportunity to participate in a new project focused on user-owned data and blockchain technology. The event offers substantial rewards, as well as the chance to gain early exposure to a token that could play a significant role in the future of decentralized data management.
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