Introducing Vana (VANA) on Binance Launchpool! Farm VANA by Locking BNB and FDUSD

IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trading starting at 2024-12-16 10:00 (UTC). Any claims to offer this token for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds!

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance is excited to announce the 62nd project on Binance Launchpool - Vana (VANA), a native EVM-compatible L1 blockchain for user-owned data. The webpage is estimated to be available in 12 hours, before the Launchpool starts. 

Users will be able to lock their BNB and FDUSD to receive VANA Airdrops over two days, with farming starting from 2024-12-14 00:00  (UTC).

Listing

Binance will then list VANA at 2024-12-16 10:00 (UTC) and open trading with  VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY trading pairs. The Seed Tag will be applied to VANA.

VANA Launchpool Details:

• Token Name: Vana (VANA)

• Max Token Supply: 120,000,000 VANA 

• Total Genesis Token Supply: 112,641,600 VANA (93.87% of max token supply) 

• Launchpool Token Rewards: 4,800,000 VANA (4% of max token supply)

• Initial Circulating Supply When Listed on Binance Spot: 30,084,000 VANA (25.07%  of max token supply)

• Research Report: Vana (VANA) (will be available within 12 hours of publishing this announcement）

• Layer 1 Network Details: Vana explorer

• Launchpool Terms will apply and KYC completed to Binance’s satisfaction is required

• Hourly Hard Cap per User: 

  • 8,500 VANA in BNB pool

  • 1,500 VANA in FDUSD pool

Supported Pools: 

• Lock BNB (webpage will be available in around 12 hours): 4,080,000 VANA in rewards (85%) 

• Lock FDUSD (webpage will be available in around 12 hours): 720,000 VANA in rewards (15%)

• Farming Period: 2024-12-14 00:00  (UTC) to 2024-12-15 23:59 (UTC).

VANA Farming Accumulation

Project Links

Website

X

Whitepaper

Please note:

• Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. 

• Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.

• Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.

• Tokens can only be locked in one Launchpool offer at a time. For example, if User A has 100 BNB, they cannot lock 100 BNB in Launchpool offer A and concurrently lock some or all of that BNB in Launchpool offer B. However, User A can divide their BNB holdings across multiple Launchpool offers. For example, User A can allocate 60 BNB into Launchpool offer A and 40 BNB into Launchpool offer B.

• Tokens can only be locked in one pool at a time when the user locked BNB in BNB Earn Product. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.

• Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.

• Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.

• Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.

• Users who have locked their BNB in Flexible Products and Locked Products including Binance BNB Simple Earn Flexible and Locked will automatically participate in the Launchpool, and receive new token rewards.

• If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally unless otherwise specified.

• BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.

• Staked Lista BNB (slisBNB) in Binance Web3 MPC Wallet will be supported in Launchpool reward calculation.

• BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdropsand VIP benefits.

• Trading Bots & Spot Copy Trading will be enabled for the aforementioned token within 12 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.

• Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.

Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.

Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Currently, users residing in the following countries or regions will not be able to participate in farming VANA: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine

This list may be updated periodically at Binance’s discretion.

Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-12-13