Vana has allocated 4% of its token’s supply to reward participants in the Launchpool.
Leading global cryptocurrency exchange Binance announced on Friday the addition of Vana (VANA), a Layer 1 blockchain project focused on securing users’ data, to its Launchpool program. This initiative allows users to farm the token before its official listing.
According to the announcement, Vana is the 62nd project to be featured on Launchpool. Starting Saturday, December 14, users can lock Binance Coin BNB $606.6 24h volatility: 0.9% Market cap: $88.47 B Vol. 24h: $683.01 M and the FDUSD stablecoin FDUSD $1.00 24h volatility: 0.1% Market cap: $1.57 B Vol. 24h: $2.77 B to earn VANA, the project’s native token, through airdrops.
Vana Token Details and Launch Schedule
The Vana project enables users to own, govern, and earn from the artificial intelligence (AI) models they contribute to. As part of the Launchpool initiative, Vana has allocated 4.8 million VANA tokens, representing 4% of its maximum supply of 120 million, for distribution among participants.
Once the Launchpool concludes in two days, Binance plans to officially list the token for trading on December 16 at approximately 10:00 UTC. The exchange will be the first to support VANA trading globally.
Binance has announced that VANA will be available in several trading pairs, including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. However, the exchange cautioned that VANA will be listed with a Seed Tag, indicating the potential for higher price volatility compared to other tokens. Binance has advised users to conduct thorough research (DYOR) before investing.
Binance’s Recent Milestones
The addition of Vana’s native token to Launchpool comes on the heels of Binance achieving a record milestone of $21.6 billion in user deposits this year.
According to the announcement, the company outshined ten other major crypto exchanges by a significant margin of 36%. Together, the exchanges recorded $15.9 billion in deposits.
In 2024, Binance also reached several other milestones, including becoming the first digital asset trading platform to surpass $100 trillion in lifetime trading volumes with the majority of the funds remaining within the platform.
Regulatory Expansions
Binance has been expanding its global footprint throughout the year. In October, the exchange extended its presence to Argentina, earning inclusion in the country’s Virtual Asset Service Providers Registry. The company said it secured a spot in the registry after obtaining an operational license from the country’s National Securities Commission (CNV).
The expansion marked Binance’s 20th regulatory milestone globally, with approvals in countries such as India, Kazakhstan, and Indonesia.
Binance attributed these regulatory achievements to its consistent commitment to compliance. Its compliance program includes robust anti-money laundering (AML) measures and a comprehensive framework to combat the financing of terrorism (CFT).
next