Vanar Chain
Vanar Chain
VANRY
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Vanar Chain Token allocation
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Vanar Chain, as a Layer 1 blockchain, is distinctively designed to cater to the burgeoning sectors of NFTs (Non-Fungible Tokens) and the Metaverse, carving out a niche in the expansive blockchain ecosystem. The core infrastructure of Vanar Chain is tailored to support the unique requirements of NFT creation, trading, and ownership, as well as the immersive experiences of Metaverse applications. The platform aims to streamline the processes involved in NFT minting and transactions, ensuring they are efficient, cost-effective, and user-friendly. Additionally, by focusing on the Metaverse, Vanar Chain positions itself at the forefront of a digital revolution, providing a foundational layer for virtual worlds and experiences that merge the boundaries of digital and physical realities.
A critical aspect of Vanar Chain’s appeal in the NFT and Metaverse space is its high-performance consensus mechanism and scalability solutions. NFT markets demand fast, reliable, and secure transaction processing to handle the high volume and rapid pace of trading. Vanar Chain's infrastructure is likely built to enable quick and inexpensive transactions, a key consideration for NFT creators and collectors who often face high fees and slow transaction times on other networks. In the realm of the Metaverse, where seamless and real-time interactions are paramount, Vanar Chain's ability to process transactions quickly and scale effectively becomes even more crucial. This ensures that Metaverse environments and applications on Vanar Chain are not only immersive and engaging but also technically robust and responsive.
Furthermore, Vanar Chain incorporates advanced features to enhance the NFT and Metaverse experience. This includes built-in smart contract capabilities that enable creators to embed rich metadata and complex attributes in NFTs, thus broadening their scope beyond mere digital collectibles to include interactive and utility-based assets. For Metaverse applications, Vanar Chain likely offers robust support for virtual economies, enabling the creation of in-world assets, digital identities, and economic systems. The integration of decentralized finance (DeFi) elements within the Vanar Chain ecosystem can provide fluid economic interactions, allowing users to leverage, trade, and invest in virtual assets seamlessly. By focusing on these cutting-edge sectors, Vanar Chain not only supports the current landscape of NFTs and the Metaverse but also paves the way for future innovations in these domains.
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Vanar Chain Token allocation
Q&A about Vanar Chain Tokenomics
Explore the tokenomics of Vanar Chain(VANRY) and review the project details below.
What is the allocation for Vanar Chain(VANRY) ?
The token allocation for Vanar Chain, previously known as Virtua and represented by the ticker TVK before rebranding to VANRY, is outlined as follows:
- 7.29% is allocated to Business Development and Partnerships, which likely involves strategic initiatives, partnerships, and collaborations that aim to grow and sustain the Vanar Chain ecosystem.
- 20.00% is reserved for the ecosystem, which typically includes funds reserved for future developments, community initiatives, or other ecosystem-supporting activities.
- 0.15% is set aside as rewards, probably intended for early supporters or contributors who played a crucial role in the early stages of the project.
- 10.00% of the tokens are allocated to the team, which is a standard practice for compensating and incentivizing the founding and operational teams.
- 1.14% is dedicated to marketing efforts in a private round, emphasizing the importance of marketing and promotional activities in expanding the reach and adoption of Vanar Chain.
- 0.73% is allocated for public distribution, which may involve public sales or community distributions.
- 5.31% of the tokens are allocated to participants of a funding round conducted in 2018.
- 5.83% is allocated for seed investors, who typically are the first investors in a project, providing capital during the very early stages.
- 3.62% is earmarked for equity investors, indicating the presence of traditional investment in the project.
- 20.94% of tokens are allocated for private sales, which generally involve selling tokens to select investors or institutions before public availability.
- 20.00% is allocated specifically for marketing purposes.
- 5.00% of the tokens are reserved for advisors, recognizing their contributions in terms of guidance and expertise.
This tokenomics structure shows a diversified allocation aimed at ensuring the long-term development and sustainability of the Vanar Chain ecosystem. With the transition from $TVK to $VANRY, these allocations may have been preserved in the new token structure, reflecting a continued commitment to these foundational areas.
What is the supply schedule for Vanar Chain(VANRY) ?
The supply schedule for Vanar Chain's token, VANRY, is as follows:
The Virtua Kolect (TVK), which transitioned to VANRY, initially launched on December 11, 2020. And the cap for the maximum supply of VANRY is set at 1,200,000,000 tokens. The supply of VANRY tokens is expected to be fully vested by August 20, 2024.
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Vanar Chain, as a Layer 1 blockchain, is distinctively designed to cater to the burgeoning sectors of NFTs (Non-Fungible Tokens) and the Metaverse, carving out a niche in the expansive blockchain ecosystem. The core infrastructure of Vanar Chain is tailored to support the unique requirements of NFT creation, trading, and ownership, as well as the immersive experiences of Metaverse applications. The platform aims to streamline the processes involved in NFT minting and transactions, ensuring they are efficient, cost-effective, and user-friendly. Additionally, by focusing on the Metaverse, Vanar Chain positions itself at the forefront of a digital revolution, providing a foundational layer for virtual worlds and experiences that merge the boundaries of digital and physical realities.
A critical aspect of Vanar Chain’s appeal in the NFT and Metaverse space is its high-performance consensus mechanism and scalability solutions. NFT markets demand fast, reliable, and secure transaction processing to handle the high volume and rapid pace of trading. Vanar Chain's infrastructure is likely built to enable quick and inexpensive transactions, a key consideration for NFT creators and collectors who often face high fees and slow transaction times on other networks. In the realm of the Metaverse, where seamless and real-time interactions are paramount, Vanar Chain's ability to process transactions quickly and scale effectively becomes even more crucial. This ensures that Metaverse environments and applications on Vanar Chain are not only immersive and engaging but also technically robust and responsive.
Furthermore, Vanar Chain incorporates advanced features to enhance the NFT and Metaverse experience. This includes built-in smart contract capabilities that enable creators to embed rich metadata and complex attributes in NFTs, thus broadening their scope beyond mere digital collectibles to include interactive and utility-based assets. For Metaverse applications, Vanar Chain likely offers robust support for virtual economies, enabling the creation of in-world assets, digital identities, and economic systems. The integration of decentralized finance (DeFi) elements within the Vanar Chain ecosystem can provide fluid economic interactions, allowing users to leverage, trade, and invest in virtual assets seamlessly. By focusing on these cutting-edge sectors, Vanar Chain not only supports the current landscape of NFTs and the Metaverse but also paves the way for future innovations in these domains.