Binance Unveils New Blockchain Project on Launchpool

Binance, the world’s leading cryptocurrency exchange, has unveiled Valve (VANA) as the latest project on its Launchpool platform.

VANA, a native Layer 1 blockchain compatible with Ethereum Virtual Machine (EVM), is designed to empower users by enabling ownership and monetization of personal data.

Starting December 14, 2024, Binance users can lock BNB or FDUSD tokens to earn VANA rewards. Farming will run for 48 hours, ending on December 15, 2024. With a total reward pool of 4.8 million VANA tokens, the farming initiative allocates 85% to the BNB pool and 15% to the FDUSD pool.

Binance will introduce trading for VANA on December 16, 2024, at 1:00 PM, featuring trading pairs such as VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. However, the token will carry Binance’s Seed Tag, highlighting its innovative yet volatile nature.

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VANA’s maximum token supply is set at 120 million, with an initial circulating supply of over 30 million tokens. Farming participants should note the fixed hourly reward caps, which include 8,500 VANA for the BNB pool and 1,500 VANA for the FDUSD pool.

Valve aims to revolutionize blockchain technology by creating a user-centric ecosystem that prioritizes data ownership and decentralized application development. This project offers infrastructure for dApps while enabling users to retain control over their personal data.

Kosta Gushterov