Lavone Feig WCOS

Introducing Vana (VANA) on Binance Launchpool! Farm VANA by Locking BNB and FDUSD
2024-12-13 13:59
#BinanceLaunchpoolVANA
IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trading starting at 2024-12-16 10:00 (UTC). Any claims to offer this token for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the 62nd project on Binance Launchpool - Vana (VANA), a native EVM-compatible L1 blockchain for user-owned data. The webpage is estimated to be available in 12 hours, before the Launchpool starts. 
Users will be able to lock their BNB and FDUSD to receive VANA Airdrops over two days, with farming starting from 2024-12-14 00:00  (UTC).
Listing
Binance will then list VANA at 2024-12-16 10:00 (UTC) and open trading with  VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY trading pairs. The Seed Tag will be applied to VANA.
VANA Launchpool Details:
Token Name: Vana (VANA)Max Token Supply: 120,000,000 VANA Total Genesis Token Supply: 112,641,600 VANA (93.87% of max token supply) Launchpool Token Rewards: 4,800,000 VANA (4% of max token supply)Initial Circulating Supply When Listed on Binance Spot: 30,084,000 VANA (25.07%  of max token supply)Research Report: Vana (VANA) (will be available within 12 hours of publishing this announcement）Layer 1 Network Details: Vana explorerLaunchpool Terms will apply and KYC completed to Binance’s satisfaction is required
Hourly Hard Cap per User: 8,500 VANA in BNB pool1,500 VANA in FDUSD pool
Supported Pools: 
Lock BNB (webpage will be available in around 12 hours): 4,080,000 VANA in rewards (85%) Lock FDUSD (webpage will be available in around 12 hours): 720,000 VANA in rewards (15%)Farming Period: 2024-12-14 00:00  (UTC) to 2024-12-15 23:59 (UTC).
VANA Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)
Total Daily Rewards (VANA)
BNB Pool Daily Rewards  (VANA)
FDUSD Pool Daily Rewards VANA)
2024-12-14 - 2024-12-15
2,400,000
2,040,000

360,000

Project Links
Website
X
Whitepaper
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be locked in one Launchpool offer at a time. For example, if User A has 100 BNB, they cannot lock 100 BNB in Launchpool offer A and concurrently lock some or all of that BNB in Launchpool offer B. However, User A can divide their BNB holdings across multiple Launchpool offers. For example, User A can allocate 60 BNB into Launchpool offer A and 40 BNB into Launchpool offer B.Tokens can only be locked in one pool at a time when the user locked BNB in BNB Earn Product. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Users who have locked their BNB in Flexible Products and Locked Products including Binance BNB Simple Earn Flexible and Locked will automatically participate in the Launchpool, and receive new token rewards.If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Web3 MPC Wallet will be supported in Launchpool reward calculation.BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdropsand VIP benefits.Trading Bots & Spot Copy Trading will be enabled for the aforementioned token within 12 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Currently, users residing in the following countries or regions will not be able to participate in farming VANA: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically at Binance’s discretion.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-12-13
Note: This announcement was amended on 2024-12-13 to clarify that Lista collateral BNB (clisBNB) in Binance Web3 MPC Wallet will be supported in Launchpool reward calculation.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. 
Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
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1. Tokens in Computing and Programming
Definition: A token is the smallest element of a program that is meaningful to the compiler or interpreter.Types:Keywords: Reserved words in a programming language (e.g., if, else, return).Identifiers: Names assigned to variables, functions, or other entities.Operators: Symbols that perform operations (e.g., +, *, ==).Literals: Fixed values like numbers or strings (42, 'hello').Separators: Symbols like commas or semicolons used to separate tokens.Example:
In the code snippet int x = 10;, the tokens are int, x, =, 10, and ;.

2. Tokens in Natural Language Processing (NLP)
Definition: A token represents a unit of text, often a word, sentence, or character, depending on the context of analysis.Tokenization: The process of splitting text into tokens.Example: "ChatGPT is great!" can be tokenized into ["ChatGPT", "is", "great", "!"].Usage: Tokens are used as input to NLP models for tasks like sentiment analysis, machine translation, and chatbots.

3. Tokens in Cryptography and Security
Definition: A token is a digital or physical object used to authenticate and authorize users.Types:Access Tokens: Represent permission for accessing resources (e.g., in OAuth systems).Authentication Tokens: Provide proof of identity.Hardware Tokens: Physical devices like USB keys or smartcards.Examples:OAuth 2.0 uses tokens for secure API interactions.Multifactor authentication often involves a one-time token sent via SMS or generated by an app.

4. Tokens in Cryptocurrency and Blockchain
Definition: A digital representation of value or utility on a blockchain.Types:Utility Tokens: Provide access to a service or product (e.g., Filecoin).Security Tokens: Represent ownership or investment.Non-Fungible Tokens (NFTs): Represent unique items (e.g., digital art, collectibles).Examples: Bitcoin (BTC), Ethereum (ETH), and NFTs like CryptoPunks.Usage: Tokens can be used for trading, governance, or accessing decentralized applications (dApps).

5. Tokens in Finance and Commerce
Definition: Tokens in finance can represent ownership, access rights, or other attributes.Examples:Loyalty program tokens (e.g., points for rewards).Digital assets in tokenized form like tokenized stocks or real estate.


More Examples:
Cryptocurrency Tokens
Bitcoin (BTC)Ethereum (ETH)Binance Coin (BNB)Tether (USDT)USD Coin (USDC)Cardano (ADA)Solana (SOL)XRP (XRP)Dogecoin (DOGE)Polygon (MATIC)Polkadot (DOT)Litecoin (LTC)Avalanche (AVAX)Chainlink (LINK)Shiba Inu (SHIB)Stellar (XLM)Uniswap (UNI)Aave (AAVE)Wrapped Bitcoin (WBTC)Tron (TRX)Cosmos (ATOM)Tezos (XTZ)Monero (XMR)Algorand (ALGO)VeChain (VET)Bitcoin Cash (BCH)EOS (EOS)Filecoin (FIL)Hedera (HBAR)Maker (MKR)PancakeSwap (CAKE)Theta (THETA)The Graph (GRT)Axie Infinity (AXS)Sandbox (SAND)Decentraland (MANA)Zcash (ZEC)Elrond (EGLD)SushiSwap (SUSHI)Terra Luna Classic (LUNC)Optimism (OP)Quant (QNT)Aptos (APT)Immutable X (IMX)Arweave (AR)Curve DAO Token (CRV)Enjin Coin (ENJ)Fantom (FTM)Gala (GALA)Chiliz (CHZ)
Next ..
Additional Tokens (DeFi, Utility, Governance, and NFTs)
Compound (COMP)Yearn.Finance (YFI)Balancer (BAL)Synthetix (SNX)Basic Attention Token (BAT)BitTorrent (BTT)Theta Fuel (TFUEL)Holo (HOT)IOTA (MIOTA)Harmony (ONE)Klaytn (KLAY)Ankr (ANKR)Celo (CELO)1inch (1INCH)REN (REN)Dash (DASH)NEO (NEO)Ontology (ONT)Nano (XNO)Ravencoin (RVN)Reserve Rights (RSR)Gnosis (GNO)OMG Network (OMG)Fetch.ai (FET)Ocean Protocol (OCEAN)SingularityNET (AGIX)Stacks (STX)Kusama (KSM)Qtum (QTUM)Serum (SRM)Aragon (ANT)Numeraire (NMR)Livepeer (LPT)Bancor (BNT)Dogelon Mars (ELON)Amp (AMP)eCash (XEC)Kava (KAVA)Helium (HNT)Flux (FLUX)DigiByte (DGB)StormX (STMX)ICON (ICX)Keep Network (KEEP)Rarible (RARI)Velas (VLX)WazirX (WRX)Swipe (SXP)Civic (CVC)Horizen (ZEN)

#BURNGMT

Introduction: Rotating clockwise, bold serif font with a glowing blue hue.

to: Twirling back and forth in a small arc, italicized and in metallic silver.

GMT's: Spinning rapidly in a 3D golden script with a sparkle effect.

Ecosystem: Slowly rotating in a circular motion, green gradient, and futuristic font.

Products: Pivoting side-to-side in chunky black font with shadow effects.

and: Looping vertically, styled in a delicate cursive with a soft pink shimmer.

Partnered: Gyrating diagonally, embossed text in deep red with a subtle gloss.

Brands: Swirling outward from the center in bold block letters with a gradient fade from orange to yellow.
How does the voting burn mechanism work? Explain the 60-day lock and 100M GMT reward pool.
The Voting Burn Mechanism is a system used in some blockchain ecosystems (particularly within projects like GMT) to incentivize certain behaviors, enhance token scarcity, and distribute rewards to participants. Here's an explanation of how it generally works, using the specific details you mentioned:

1. Voting Burn Mechanism:

This mechanism combines voting (i.e., governance decisions) and burning (removing tokens from circulation). It serves two primary purposes:

Governance Participation: Token holders are incentivized to vote on certain proposals or decisions related to the ecosystem, such as governance changes, protocol upgrades, or other critical project decisions.

Burning: In the voting burn mechanism, participants may need to "burn" (destroy or permanently remove) a portion of their tokens in order to vote, which serves to decrease the overall supply of tokens. This reduction in circulating tokens can, in theory, lead to increased scarcity and potentially raise the value of the remaining tokens.

2. 60-Day Lock:
In your case, the 60-day lock is likely a vesting period related to the tokens involved in the voting burn mechanism. Here's what it implies:
Locking Up Tokens: When participants vote or take part in the burn mechanism, they may be required to lock their tokens for 60 days. This means that for that period, the tokens cannot be traded, transferred, or sold. The lock-up serves to ensure that the participants are making a long-term commitment to the ecosystem and are not just speculating on short-term price movements.

Purpose of the Lock: By locking tokens for an extended period, the system can ensure more stability and decrease the risk of market manipulation by whales (large holders of tokens). It can also help ensure that the burn mechanism and voting rewards are distributed fairly over time.

3. 100M GMT Reward Pool:
This part of the mechanism refers to a pool of 100 million GMT tokens that will be distributed as rewards to participants who engage with the voting burn mechanism. Here's how it typically works:

Reward Distribution: The reward pool may be used to incentivize token holders to vote or burn their tokens in the ecosystem. Participants who engage in the voting burn process may be rewarded with a share of the 100M GMT tokens. The pool may be distributed in a few ways:

Proportional Rewards: The rewards could be distributed based on how much each participant burns or locks up, or based on how active they are in governance.

Incentivizing Long-Term Participation: Those who lock their tokens for the full 60-day period might receive higher rewards than those who only lock up tokens for a shorter period.

Progressive or Milestone-Based: The pool could be distributed incrementally, with milestones or specific goals set over time (e.g., every month or based on certain governance decisions being made).

Example:

Let’s say you decide to participate in the voting burn mechanism:

You burn 10,000 GMT tokens as part of the voting process.

These tokens are locked for 60 days, and you cannot access them during this time.

As a result of your participation, you are eligible to receive a reward from the 100M GMT reward pool. The exact amount you receive will depend on the size of your burn, your participation level, and how the reward distribution is structured.

Why Use a Voting Burn Mechanism?

Scarcity Creation: By reducing the total supply of tokens, the project increases scarcity, which may drive up the value of the remaining tokens.

Incentivizing Engagement: The mechanism encourages active participation in governance and ecosystem decisions, fostering a more engaged community.

Rewarding Long-Term Holders: The 60-day lock serves to reward those who are willing to commit their tokens for a longer period, reducing short-term speculation.

Risks and Considerations:

Locking Tokens: Participants must be comfortable with the idea of not having access to their tokens for the locked period (in this case, 60 days). If the price of GMT drops during this time, they cannot sell to cut losses.

Burning Tokens: Burning tokens is permanent, meaning you will not get them back. Participants need to be sure they want to participate in the mechanism before committing.

Reward Uncertainty: Depending on how the reward pool is distributed, there is no guarantee on the exact amount of GMT tokens you will receive.

Tokenomics Breakdown
The tokenomics of GMT (Green Metaverse Token or similar) are critical to understanding how the ecosystem functions, maintains value, and rewards participants. Here’s a general breakdown of its key elements:
Total Supply: GMT has a fixed maximum supply, ensuring scarcity.Distribution:Ecosystem Rewards: 30%-50%, fueling user engagement through staking, governance, and rewards.Team Allocation: 15%-20%, incentivizing developers, often locked or vested.Partnerships & Marketing: 10%-15%, supporting ecosystem growth.Treasury: 15%-20%, held for future innovation and operational costs.Private/Seed Investors: 10%-15%, with early backers receiving tokens, often vested.

Impact of Burning 600M GMT
🔥 Burn Reduction: Removing 600M tokens from circulation directly slashes the total supply, enhancing scarcity. Here's how it plays out:
Scarcity Effect: A significant burn impacts the circulating supply and boosts the potential value per token, as fewer tokens are available in the market.Market Dynamics: Lower supply can tighten liquidity, creating upward pressure on price, provided demand remains constant or increases.Ecosystem Value: This burn demonstrates long-term commitment to sustainability and value appreciation, attracting long-term investors.

Mathematical Impact Analysis
Let’s quantify the burn assuming:
Initial total supply: 6 billion GMT.Pre-burn circulating supply: 4 billion GMT.
After burning 600M GMT:
New total supply = 5.4 billion GMT.New circulating supply (assuming direct burn from circulation) = 3.4 billion GMT.
Supply Reduction:
Circulating supply drops by 15%, amplifying scarcity.Burn percentage of total supply = 10% (600M/6B).

Long-Term Benefits
💡 Price Potential: A tighter supply favors token value appreciation, provided demand remains stable or grows due to ecosystem use.
💡 Community Trust: Burning demonstrates commitment to reducing inflation, reassuring investors of sustained token health.
💡 Ecosystem Health: With fewer tokens in circulation, rewards and incentives distributed to participants can carry more value, increasing user retention.

Conclusion
A 600M GMT burn is a bold move, spinning market forces toward scarcity-driven value appreciation. With the right demand dynamics, GMT could see enhanced price stability, stronger community trust, and a revitalized ecosystem aligned for long-term growth.

How to Participate in the BURNGMT Initiative?
Engage in the revolutionary BURNGMT initiative and make your tokens work for the future! Here’s how to join:

Step 1: Understand the Mission
🔥 BURNGMT aims to reduce the circulating supply of GMT tokens, enhancing scarcity and value for holders. By participating, you actively shape the ecosystem’s future while potentially earning rewards.

Step 2: Acquire GMT Tokens
💼 Buy GMT:
Purchase GMT tokens from major exchanges where they are listed.Ensure the tokens are stored in a wallet compatible with the initiative (e.g., a decentralized wallet supporting GMT).

Step 3: Access the BURNGMT Portal
🌐 Visit the official BURNGMT platform through the project’s website or app. Ensure the platform is legitimate and avoid phishing scams.

Step 4: Choose Your Contribution
🔥 Decide how much to burn:
Select a specific amount of GMT to permanently remove from circulation.The burn amount may correlate with governance rights, rewards, or recognition tiers.

Step 5: Lock and Burn
🔒 Confirm the Burn:
Follow on-screen instructions to burn your tokens.Tokens may be locked for a specified period (e.g., 60 days) before final burn confirmation.
🔥 Transaction Verification:
Verify the burn transaction on the blockchain to confirm your contribution.

Step 6: Earn Rewards
🎉 Reap the Benefits:
Receive rewards from initiatives like the 100M GMT pool, proportional to your burn.Gain voting power or governance influence based on your contribution level.

Step 7: Stay Updated
🔔 Track Your Impact:
Monitor the total burned GMT and how it influences tokenomics.Stay informed about new BURNGMT events or reward opportunities.

Why Join BURNGMT?
🌟 Make a Difference: Be part of a movement that secures the ecosystem’s future.
🌟 Boost Token Value: Help create scarcity, potentially increasing the value of your remaining GMT.
🌟 Earn Rewards: Participate in exclusive reward pools and governance opportunities.

Conclusion
Joining the BURNGMT initiative isn’t just a token burn—it’s a bold step toward strengthening the GMT ecosystem. Take action today and be the catalyst for change!