VANRY is the native cryptocurrency token of the Vanar Chain — a decentralized Layer-1 blockchain designed for fast, low-cost transactions and to support Web3 apps (like DeFi, NFTs, gaming and AI-enhanced services).
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🔍 What the VANRY Token Is
Native utility token: VANRY is the primary token used directly on the Vanar Chain network.
Vanar Documentation
Gas & transaction fees: You need VANRY to pay gas fees (transaction costs) when sending crypto or using smart contracts on the blockchain.
Vanar Documentation
Staking & network security: Holders can stake (lock up) VANRY to support the network’s security and earn rewards.
Vanar Documentation
Participating in governance: In many setups, token holders can vote on protocol decisions and ecosystem proposals (future governance role).
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Ecosystem fuel: The token is integrated with apps, services, and future AI tools built on the Vanar platform.
Vanar Documentation
📌 Technical & Economic Details
Blockchain: Vanar Chain is a standalone Layer-1 blockchain aiming to blend scalability with developer/user accessibility.
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Token supply: VANRY has a capped supply (around 2.4 billion tokens total).
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Origins: It replaced and rebranded an earlier project/token (formerly known under a different name) with a 1:1 swap for existing holders.
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📈 How It’s Used
Transactions & fees: Every transfer or contract interaction on Vanar Chain requires VANRY.
Vanar Documentation
Staking rewards: Users who stake help secure the network and can earn rewards in VANRY.
Vanar Documentation
Future governance: As the ecosystem matures, holding VANRY can give voting power over upgrades and parameters.
Bittime
In simple terms: VANRY is the “fuel” for Vanar Chain — without it, users and developers can’t interact with the blockchain or participate fully in its ecosystem.