In a thrilling development for the cryptocurrency community, Binance, the world’s leading crypto exchange, has announced the listing of two new tokens: Velodrome Finance and VANA. The announcement has stirred up a buzz in the market, with both tokens experiencing significant price surges. Let’s delve into what makes these projects stand out.
Velodrome Joins Binance with Zero Fees
Starting on Friday, December 13, Velodrome (VELODROME) will be available for trading against USDT on Binance. But what exactly is Velodrome Finance? It’s a next-generation decentralized exchange (DEX) designed to act as a liquidity hub for the superchain ecosystem. In simple terms, Velodrome is built to manage large-scale liquidity needs, making it an essential tool for rapidly expanding blockchain networks. Binance has given Velodrome a distinctive “seed tag” to help it differentiate from similar tokens. Within 24 hours of listing, trading bots and copy trading features will be activated, enhancing trading efficiency.
Following the Binance announcement, Velodrome’s price surged by approximately 185%, reaching $0.4184 before stabilizing around $0.3272. This highlights the substantial impact a Binance listing can have within the crypto world.
Vana Launches on Binance Launchpool
Next on the radar is Vana (VANA), Binance’s 62nd Launchpool project. Vana is an EVM-compatible Layer-1 blockchain token, and starting December 14, users can farm it by locking BNB or FDUSD for two days. This presents an opportunity to earn VANA tokens simply by participating in the Launchpool.
Here’s what we know about Vana so far:
- Total token supply: 120 million
- Airdrop rewards: 4.8 million VANA
- Initial circulating supply: 30,084,000 (about 25% of the total)
Why all the excitement? Vana recently secured $25 million in a funding round led by notable investors including Coinbase Ventures, Polychain Capital, and Paradigm. These funds are earmarked to fuel the ecosystem’s expansion and reward its tech-savvy community. It’s evident that Vana’s team has lofty ambitions.
What to Expect Next
The launches of Velodrome and Vana underscore Binance’s influential role in shaping the cryptocurrency landscape. For traders, these listings offer opportunities to engage with innovative projects at an early stage. For the broader market, they demonstrate how Binance continues to drive enthusiasm and momentum.
Will these tokens sustain their growth? It’s too early to predict. However, one thing is certain: both Velodrome and Vana are gaining traction, and the excitement surrounding them is far from fading.
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