Binance has announced its latest Launchpool project, Vana (VANA), a native EVM-compatible Layer 1 blockchain that focuses on user data. This is Binance’s 62nd Launchpool project, and farming is scheduled to begin on December 14, 2024, at 00:00 UTC. Trading for VANA will begin 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 last for two days and will conclude on December 15, 2024 at 23:59 UTC. The majority of the rewards (85% (4,080,000 VANA)) will go to the BNB pool, while the FDUSD pool will offer 15% (720,000 VANA).
The maximum hourly limit per user has been set at 8,500 VANA for the BNB group and 1,500 VANA for the FDUSD group. Users must complete Binance's KYC to participate.
VANA: A glance 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 safe start
To ensure transparency and security, Binance has emphasized that any claim of sale or offer of VANA tokens before December 16, 2024, should be treated as misleading advertising. Binance will also apply its Seed label to VANA, marking it as an innovative project with potential volatility.
