Binance Adds Vana (VANA) to Launchpool for Token Farming
Global cryptocurrency exchange Binance added Vana (VANA), a Layer 1 blockchain project focused on data security, to its Launchpool program. This initiative allows users to farm the token prior to its official listing.
The announcement states that Vana is the 62nd project featured on Launchpool. Starting December 14, users can lock Binance Coin #BNB and FDUSD stablecoin #FDUSD to earn VANA through airdrops.
Vana Token Details and Launch Schedule
The Vana project allows users to own, govern, and profit from artificial intelligence (AI) models they contribute to. For the Launchpool, Vana allocated 4.8 million VANA tokens, 4% of its maximum supply of 120 million, for participant distribution.
After the Launchpool concludes in two days, Binance will officially list the token for trading on December 16 at approximately 10:00 UTC, making it the first exchange to support VANA trading globally.
VANA will be available in trading pairs including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. Binance noted that VANA will carry a Seed Tag, indicating potential higher price volatility. Users are advised to conduct thorough research before investing.
Binance’s Recent Milestones
The addition of Vana’s native token follows Binance achieving $21.6 billion in user deposits this year, surpassing ten other major crypto exchanges by 36%. Collectively, these exchanges recorded $15.9 billion in deposits.
In 2024, Binance also became the first digital asset trading platform to exceed $100 trillion in lifetime trading volumes, with most funds remaining on the platform.
Regulatory Expansions
Binance expanded its global presence in October by entering Argentina and securing inclusion in the country's Virtual Asset Service Providers Registry after obtaining an operational license from the National Securities Commission (CNV).
This marked Binance’s 20th regulatory milestone globally, with approvals in countries like India, Kazakhstan, and Indonesia. The company attributes its regulatory achievements to its commitment to compliance, including robust anti-money laundering (AML) measures and a comprehensive framework to combat terrorism financing (CFT).