Binance Launchpool has recently announced to addition of Vana (VANA) as its 62nd project, gaining investors’ attention. Notably, the listing or any positive announcements from the top exchanges often fuel market optimism, as it hints towards growing confidence of the exchange towards the asset.
Binance Launchpool Adds Vana As 62nd Project
Binance announced VANA as its latest addition to Launchpool, lauding the project’s compatibility as an EVM-compatible Layer 1 blockchain. According to the announcement, users can farm VANA tokens by locking Binance Coin (BNB) and First Digital USD (FDUSD) in designated pools. Farming will occur over a brief two-day period, starting December 14, 2024, at 00:00 UTC.
Notably, the farming rewards are capped at 4,800,000 VANA tokens, accounting for 4% of the token’s total supply. Besides, 85% of the rewards will be allocated to the BNB pool, while the FDUSD pool will receive the remaining 15%. Each user is restricted by hourly caps to ensure equitabl
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