đ $VANRY â Overview
$VANRY is the native utility token of Vanar Chain, a Layer-1 blockchain designed for fast, low-fee transactions and mainstream Web3 adoption, with a focus on sectors like gaming, entertainment, and AI-enabled applications.
The project underwent a rebranding from its earlier identity (as Virtua and the $TVK token) to Vanar and $VANRY, with a 1:1 token swap for existing holders of $TVK.
Medium
đĄ Key Characteristics
đ Blockchain Role
Native Gas Token: Vanry is used to pay gas fees on the Vanar blockchain for transactions and smart contract execution, similar to how ETH is used on Ethereum.
EVM Compatible: Vanar Chain supports the Ethereum Virtual Machine, enabling existing Ethereum-based dApps and tools to operate with minimal changes.
đ Tokenomics
Max Supply: 2.4 billion $VANRY.
Circulating Supply: Around ~2.2 billion (varies with current market data).
Distribution: Major portion allocated for validator incentives, development, and community programs.
đ„ Primary Utilities
đȘ Transaction & Gas Fees
Every transaction on Vanar Chain uses Vanry as the fee token â keeping network interaction seamless.
đ Staking & Network Security
Token holders can stake Vanry to support validators, which helps secure the network and rewards participants for their contribution.
đłïž Governance and Participation
While governance details vary by implementation phase, Vanry is intended to support community involvement and protocol decisions as Vanar evolves.
đŒ Ecosystem & Adoption
Listed on numerous major centralized exchanges like Binance, KuCoin, Crypto.com, MEXC, Gate, and others, making it relatively accessible to traders.
The project has engaged in programs like pre-staking, hackathons, community cohorts, and strategic partnerships to grow its ecosystem.
đ Market Snapshot (Indicative)
As of the latest data:
The price per Vanry is in the fractional cents to a few cents range in USD terms, with significant price history volatility over time.
It has experienced notable all-time highs well above current averages historically, but it also shows typical crypto volatility.
â ïž Risks & Considerations
Volatility: Like many crypto assets, Vanry prices are highly volatile.
Scams: Be cautious â fake or phishing websites claiming rewards for Vanry exist and can drain wallets. Always use official links.
Emerging Project Status: Although Vanar aims for real-world adoption, its ecosystem and governance mechanisms are still developing, which carries execution and adoption risks.
đ§ Summary
In essence, Vanry is:
A native utility token for the Vanar blockchain
Used for gas fees, staking, and ecosystem participation
Part of a broader strategy to bring Web3, gaming, and AI applications to mainstream users
Listed on major exchanges, but still an emerging and volatile crypto asset
