Nirvana Project Token, VANA, Surges 2700% After Binance Launchpool Announces It Will List a Native Token of the Same Name

The VANA token linked to a metaverse-centered initiative called the Nirvana project skyrocketed to great heights after Binance Launchpool released

Binance Launchpool will list a native token from the Vana explorer, a new EVM-compatible L1 blockchain for user-owned data, on Dec. 16.

Although the Nirvana token is not connected to the VANA token that Binance will list on a new board at 10:00 UTC, it appears that crypto traders may have mistook the VANA token connected to the Nirvana project because the Vana explorer token is not yet available on the market.

In the hours since Binance announced its plans to list VANA, the Nirvana token has formed a candlestick, surging as high as 2700% since its launch, according to CoinMarketCap. At the time of writing, the token has surged by more than 1200% after months of largely stagnant activity on the charts.

VANA is currently trading at $0.0015. Its trading volume in the past 24 hours surged by 2432% to $616,640. Meanwhile, its market cap increased by 609% to $90,750.

It appears that Binance Launchpool’s VANA announcement has accidentally revived a nearly dead token. The X account linked to the Nirvana project was last seen posting in June 2024 and has since stopped posting.

The Vana network touts itself as “the first open protocol for AI data sovereignty.” Its native token is not yet live, but the protocol states that the token will power its ecosystem and support user-owned, decentralized data transactions.

$VANA Tokenomics$VANA is the native token of the Vana Network, powering its ecosystem and supporting secure, user-owned, decentralized data transactions. It serves as a key component in the network's multi-token ecosystem.Here’s a look at the token economics powering data as a new…

According to the Binance announcement, open trading will be made available for the VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY trading pairs at 10:00 UTC on Dec. 16. Binance will also apply the seed tag to the Vana token due to its status as a newly launched token.

Binance sets an hourly hard cap per user of 8,500 VANA in the BNB pool and 1,500 VANA in the FDUSD pool. Binance also supports VANA farming with a total daily reward of 2.4 million tokens.

With a maximum token supply of 120 million VANA, the Vana network has allocated 44% of its token supply to the Vana community, which will be unlocked over 36 months, and 22.9% for the ecosystem, to be unlocked over 48 months. Core contributors and investors are allocated 18.8% and 14.2%, respectively, over several years.

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