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Binance Launchpool Announces VANA Airdrop, BNB Price Surges 3.41%
Excitement Builds in the Crypto Community
A major development has been revealed in the cryptocurrency world as Binance, the leading global crypto exchange, unveils the upcoming Vana (VANA) airdrop on its Launchpool platform. This new initiative presents users with an opportunity to farm VANA tokens by locking BNB and FDUSD, with the farming phase set to commence on December 14, 2024, at 00:00 UTC.
Market Impact and Price Surge
The announcement of this event has already influenced the market, with Binance’s native token, BNB, experiencing a significant surge of +3.41% following the revelation.
Earning VANA Tokens: A How-To Guide
To earn VANA tokens, participants can engage in farming by locking either BNB or FDUSD in dedicated pools within the Launchpool platform during the prescribed two-day farming window.
Supported Pools:
- BNB Pool: Offers a substantial reward of up to 8,500 VANA tokens per user.
- FDUSD Pool: Provides smaller rewards, limited to 1,500 VANA tokens per user.
A total of 4,800,000 VANA tokens (4% of the max supply) have been allocated as farming rewards:
- 85% of rewards for the BNB pool.
- 15% of rewards for the FDUSD pool.
The farming phase will conclude as Binance prepares to list the VANA token on its platform.
Listing Details and Trading Pairs
Binance is set to officially list VANA on December 16, 2024, at 10:00 UTC, enabling spot trading with the following pairs:
- VANA/USDT
- VANA/BNB
- VANA/FDUSD
- VANA/TRY
Furthermore, Binance will assign a Seed Tag to the VANA token, marking its introduction as a new asset on the platform.
Key Token Details:
- Token Name: Vana (VANA)
- Max Supply: 120,000,000 VANA
- Genesis Supply: 112,641,600 VANA (93.87% of max supply)
- Launchpool Rewards: 4,800,000 VANA (4% of max supply)
- Initial Circulating Supply: 30,084,000 VANA (25.07% of max supply)
Market Response: BNB Price Soars
The news has sparked significant interest, leading to a +3.41% surge in the price of BNB shortly after the announcement. Binance’s Launchpool continues to draw attention from traders and investors alike, enticing them to accumulate BNB for participation in farming opportunities.
Important Reminders
- Binance will serve as the exclusive platform for the initial listing of VANA, with trading to commence post December 16, 2024, at 10:00 UTC. Caution is advised regarding any pre-listing transactions.
- Participation in the Launchpool necessitates KYC verification.
- The Launchpool page for locking BNB and FDUSD is now active.
As the countdown to VANA’s farming and trading commences, anticipation grows within the crypto ecosystem. The Launchpool event, coupled with the robust performance of BNB in the market, indicates another impactful project for the Binance community.