#venar $VANRY Here’s a detailed **600-word explanation of Venar (Vanar) on Binance** — what it is, how it came to be, and its significance in the crypto ecosystem:
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**Vanar (VANRY): Overview and Binance Listing**
**Vanar Chain** is a **Layer-1 blockchain platform** designed for mainstream adoption of decentralized technologies, with special emphasis on gaming, entertainment, brand engagement, and other real-world applications. Its native token, **VANRY**, serves as the key utility token within the network. ([Tangem Wallet][1])
Originally known as **Virtua (TVK)**, the token underwent a strategic rebranding and token migration to become **Vanar (VANRY)**. Binance completed this token swap and rebranded TVK to VANRY on its platform at a **1:1 ratio** — meaning holders of the old TVK tokens received an equal amount of VANRY tokens. After the swap, Binance reopened **deposits and withdrawals for VANRY**, integrating it into the exchange’s trading ecosystem. ([coinglass][2])
As a **Layer-1 (L1) blockchain**, Vanar Chain aims to provide high throughput, low transaction costs, and broad scalability, making it suitable for decentralized applications (dApps). It is often described as an **EVM-compatible** (Ethereum Virtual Machine) platform, meaning developers familiar with Ethereum tools and languages (like Solidity) can build on it easily. ([Tangem Wallet][1])
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**Token Utility and Ecosystem**
The **VANRY token** has multiple functions within the Vanar ecosystem:
* **Gas fees and transactions:** VANRY is used to **pay for transactions** and smart contract execution on the chain.
* **Governance:** Token holders may participate in **protocol governance**, influencing future upgrades and changes.
* **Staking and security:** VANRY can be **staked** to support network security and consensus.
* **Ecosystem incentives:** Tokens often serve roles in community programs, validator rewards, and ecosystem growth initiatives. ([Tangem Wallet][1])
Vanar positions itself not just as another blockchain but as a platform that supports **real-world adoption** of Web3 technologies — integrating entertainment, gaming, and possibly even AI components into its architectural goals. ([Tangem Wallet][1])
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**Binance and Trading Instruments**
On **Binance**, one of the world’s largest cryptocurrency exchanges by trading volume, VANRY is available as a **spot trading asset**, meaning users can buy, sell, or trade VANRY against other assets like stablecoins (e.g., USDT). In addition to spot markets, Binance has also introduced **perpetual futures contracts** for VANRY, allowing traders to take leveraged positions based on price movements. These products are settled in USDT and offer up to **50x leverage**, which can attract higher-risk speculators looking to gain from volatility. ([CoinTrust][3])
Availability of a token on Binance typically increases its **liquidity** and **visibility** within the broader crypto market, as many traders and institutional platforms rely on large exchanges for price discovery and access.
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**Market Presence & Exchange Listings**
Beyond Binance, VANRY has been listed on **multiple exchanges**, expanding accessibility to users across different platforms. For example, it has been added on **Kraken**, a prominent exchange based in North America, increasing exposure to additional investor classes outside Binance’s user base. ([GlobeNewswire][4])
Other platforms — including spot and derivatives exchanges like **BitMart**, **LCX**, and **BingX** — have also listed VANRY trading pairs (e.g., VANRY/USDT), further broadening its market footprint. ([Bingx Exchange][5])
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**Price & Market Metrics**
Vanar Chain (VANRY) maintains a relatively small market capitalization compared to major cryptocurrencies, often ranking in the **mid-hundreds to several hundred** range by market cap. Typical metrics include:
* A circulating supply in the billions.
* A market cap that fluctuates in the **tens of millions of USD** bracket.
* Prices that have historically been **volatile**, common for smaller altcoins. ([CoinMarketCap][6])
Given its origins as Virtua (TVK) and subsequent rebranding, historical price charts often reference earlier timeframes when it operated under the old ticker.
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**Community and Future Outlook**
Vanar Chain’s development roadmap emphasizes **scalability, developer friendliness, and real-world adoption**. The rebrand to VANRY and integration into major exchanges like Binance and Kraken signal a strategic push toward broader acceptance and utility. Community initiatives, enhanced tooling for developers, and potential partnerships (including tech collaborations highlighted in market news) aim to solidify Vanar’s role in the expanding Web3 ecosystem. ([CoinTrust][3])
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**Summary**
In essence, **Venar on Binance** refers to the **Vanar (VANRY)** token — a rebranded and upgraded version of Virtua — now tradable on Binance and other exchanges. Its utility spans transactions, governance, and staking within the broader Vanar Chain ecosystem, which aims to attract developers and users to decentralized, scalable blockchain applications. ([coinglass][2])
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If you want, I can also provide **how to buy VANRY step-by-step on Binance** or **current price and chart details** (latest market data).
[1]: https://tangem.com/en/cryptocurrencies/vanar-chain/?utm_source=chatgpt.com "Vanar Chain Cryptocurrency | Tangem Wallet"
[2]: https://www.coinglass.com/news/55984?utm_source=chatgpt.com "Binance has completed the token swap of Virtua (TVK) and rebranded it as Vanar (VANRY). | CoinGlass"
[3]: https://www.cointrust.com/market-news/vanar-blockchain-surges-with-nvidia-partnership-binance-listing?utm_source=chatgpt.com "Vanar Blockchain Surges with NVIDIA Partnership & Binance Listing"
[4]: https://www.globenewswire.com/news-release/2024/11/27/2988197/0/en/Vanar-Chain-Celebrates-Major-Milestone-with-Kraken-Listing.html?utm_source=chatgpt.com "Vanar Chain Celebrates Major Milestone with Kraken Listing"
[5]: https://bingx.com/en/support/articles/25906515970841-BingX-Spot-Adds-Vanar-Chain-VANRY-Trading-Pair?utm_source=chatgpt.com "Vanar Chain (VANRY) Coin Gets Listed on BingX Spot"
[6]: https://coinmarketcap.com/currencies/vanar/?utm_source=chatgpt.com "Vanar Chain
price today, VANRY to USD live price, marketcap and chart | CoinMarketCap"
