VANA Goes Viral Following Its Binance Listing: But What is VANA Crypto?

What is VANA crypto? Vana looks set to be a mega Layer-1 chain as we head into 2025 – here’s what to know about this Binance Launchpool coin.

Vana is the latest token to launch via Binance’s launch pool. 4% of the token supply will be offered as rewards for those staking BNB or FDUSD on the leading exchange.

It went live yesterday (December 16) and initially surged over 30% to $34. Vana has since cooled off, likely due to users who received the tokens as part of the Binance launchpool initiative taking profits. It is currently trading for just under $20.

$VANA Skyrockets 2700% on Binance Launchpool:$VANA , the latest token to grace Binance's Launchpool, has surged an astonishing 2700%. This meteoric rise has left investors wide-eyed and analysts scrambling to understand the dynamics at play.

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For more details:… https://t.co/7TynGB9pk3 pic.twitter.com/B3sSO4M4py

— Crypto Eagles (@CryptoProject6) December 17, 2024

What Is VANA Crypto And Why All The Hype For This Binance Launchpool?

Vana is a blockchain network designed to address the need for user control over personal data. It operates as an EVM-compatible Layer-1 blockchain and enables users to contribute their data to decentralized pools known as DataDAOs (Data Decentralized Autonomous Organizations).

These DAOs tokenize and securely store user data, making it accessible for applications such as AI development and decentralized applications (dApps).

The network prioritizes transparency, privacy, and decentralization, allowing users to maintain data ownership while participating in a growing data economy.

Prior to its launch yesterday, Vana successfully led two separate funding rounds that saw investment from Coinbase Ventures, Paradigm, and Polychain Capital. Across the two rounds, the new Layer-1 project raised over $25 million.

VANA Tokenomics – Bullish Or Bearish For Price?

📜 $VANA @withvana MOONSHEET

📌What is Vana?
Vana is a decentralized platform empowering users to tokenize and share their personal data securely, enabling value creation through DataDAOs and blockchain technology.

🔍 TGE Details
• Ticker: $VANA
• Total Supply: 120M
•… pic.twitter.com/bvADIbFBy4

— Nimo Web3 DAO 🎏 (@nimo_web3) December 14, 2024

The total supply of VANA stands at 120 million, with only 30 million in circulation at launch (25.07% of total supply). On the face of things, the tokenomics appear to be positive. There is 44.0% set aside for the community to support participation and incentivize high-quality data contributions, early adoption, and developer engagement.

22.9% is allocated to the ecosystem, whereby funds will be directed toward grants and rewards to sustain the network, bootstrap DataDAOs, and encourage partnerships and innovation. Only 14.2% of the supply is reserved for early investors, with a 1-year cliff followed by a 3-year gradual unlock.

The remaining 18.8% has been set aside for core contributors, essentially team tokens and those responsible for developing and supporting the protocol, with a 1-year cliff and 4-year unlock schedule.

The one-year cliff before any unlocks for the team or early investors leaves a good runway for the VANA token to mature. The current market cap for VANA stands at just under $600 million, representing a good r:r (risk:reward) ratio as a Layer-1 with such ambition and backing could easily become a multi-billion dollar project before this bull run comes to an end.

(COINGECKO)

BONUS: The Hottest New Pepe-Themed Meme Coin Is Close To Hitting $30 Million In Early Stage Funding – Why All The Hype For $WEPE?

Wall Street Pepe (WEPE) is on course to become the biggest presale of this year, with over $28 million raised in just over 10 days. After seeing the OG PEPE surge to become a 10 billion dollar meme coin recently, it is no surprise that whales and smart investors are marking WEPE as having the potential to go on a similar run.

One thing Wall Street Pepe has that the OG PEPE doesn’t is innovative utility. The WEPE team is building an alpha community for its holders, offering insider trading strategies, alpha calls, and expert market analysis.

The aim here is to disrupt a meme coin sector that has become dominated by insider whale groups and elite paid call groups – which undermine the free market that crypto is supposed to be.

Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7

— Wall Street Pepe (@WEPEToken) December 15, 2024

There are less than 4 hours remaining before the WEPE presale moves onto its next price stage. Therefore, this is the last chance to secure tokens at these low prices.

Stay up-to date with the latest news regarding Wall Street Pepe via the official X and Telegram channels.

Visit Wall Street Pepe

EXPLORE: Nigerian Crypto-Romance Scam Busted: Authorities Arrests 792 In Massive Crackdown

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Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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