š $VANRY ā 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
š” Key Characteristics
š 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.
š 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.
š„ Primary Utilities
šŖ Transaction & Gas Fees
Every transaction on Vanar Chain uses Vanry as the fee token ā keeping network interaction seamless.
š Staking & Network Security
Token holders can stake Vanry to support validators, which helps secure the network and rewards participants for their contribution.
š³ļø Governance and Participation
While governance details vary by implementation phase, Vanry is intended to support community involvement and protocol decisions as Vanar evolves.
š¼ 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.
š 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.
ā ļø Risks & Considerations
Volatility: Like many crypto assets, Vanry prices are highly volatile.
Scams: Be cautious ā 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.
š§ 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
