Vanar Chain

Vanar Chain (VANRY) is a cryptocurrency token that operates on the Ethereum and Polygon blockchains. It is designed to serve as the native gas token within the VANAR Chain ecosystem, a blockchain platform that aims to revolutionize the entertainment industry. VANAR Chain provides zero friction, low-cost transactions, and all-in-one solutions for various applications, including marketplaces and metaverses. It empowers creators and offers a suite of solutions for brands to engage with customers through new experiences and AI-driven IP tracking.

• Total Supply:

• The total supply of VANRY tokens is 1,387,751,040.

• Initial Allocation:

• The initial allocation includes categories such as Business Development & Partnerships (7.29%), Ecosystem Reserve (20%), Rewards for early supporters (0.15%), and Team (10%).

• Purpose of the Coin:

• VANRY facilitates transactions and innovative contract operations within the VANAR Chain ecosystem, tailored for the entertainment industry.

As of today #{today’s date}, the price of Vanar Chain is ₹7.80 INR or 0.0891 USD, with a 24-hour trading volume of 12968574.76 USD. The market capitalization for Vanar Chain is 146686721.05USD. The circulating supply is 1655656743.18 Vanar Chain, with the total supply also being 1788051040 Vanar Chain.

Pros:

• Industry Focus:

• VANAR Chain is specifically designed for the entertainment industry, which could lead to specialized solutions and adoption within that sector.

• Blockchain Technology:

• Utilizes Ethereum and Polygon blockchains, benefiting from their security and scalability.

• Brand Engagement:

• Offers tools for brands to create unique customer experiences, potentially increasing its utility.

• Ecosystem Development:

• A significant portion of tokens is allocated to ecosystem reserves and partnerships, which can foster growth and collaboration.

• Rewards for Early Supporters:

• Early supporters are incentivized with token rewards, which can encourage early adoption and community growth.

Cons:

• Market Volatility:

• As with all cryptocurrencies, VANRY is subject to market volatility, which can lead to unpredictable price fluctuations.

• Complexity for Users:

• The focus on entertainment and brand engagement might make it complex for average users to understand and utilize the token effectively.

• Lock-up Periods:

• The team tokens have a 12-month lock-up period, which could affect liquidity and long-term incentive alignment.

• Competition:

• The entertainment blockchain space is competitive, with many projects vying for market share.

• Regulatory Risks:

• The crypto industry faces regulatory uncertainty, which could impact VANAR Chain’s operations and token value.

• Specialized Solutions:

• VANAR Chain’s focus on the entertainment industry could lead to a high demand for specialized blockchain solutions.

• Innovative Technology:

• The platform’s use of cutting-edge technologies like AI-driven IP tracking can offer unique advantages.

• Growing Ecosystem:

• Investments in business development and ecosystem reserves indicate a commitment to increasing the VANAR Chain ecosystem.

• Early Supporter Benefits:

• The rewards for early supporters could lead to a solid initial community, which is often critical for the success of a crypto project.

• Brand Engagement Potential:

• The suite of solutions for brands could attract significant partnerships and collaborations, potentially increasing the token’s value.

• Entertainment Industry Focus:

• VANAR Chain is tailored for the entertainment industry, setting it apart from general-purpose blockchains.

• Dual Blockchain Operation:

• Operating on Ethereum and Polygon allows VANAR Chain to leverage the strengths of two well-established blockchains.

• Brand Engagement Tools:

• The platform provides unique tools for brands to engage with their audience, which is a rare feature in many other cryptocurrencies.

VANAR Chain aims to solve the problem of high transaction costs and the need for specialized blockchain solutions in the entertainment industry. It provides an ecosystem with low-cost transactions and all-in-one solutions for marketplaces, metaverses, and brand engagement.

Vanar Chain was co-founded by Jawad Ashraf, a tech entrepreneur with over 30 years of experience. He is known for his role in Entertainer Dubai’s tech transformation and as a co-founder of the web3 platform Virtua.

Gary Bracey, a BAFTA-nominated veteran with 35 years in the gaming industry and co-founder of Virtua, serves as the Co-Founder and Chairman, bringing his expertise in digital product marketing to the project.

Vanar Chain IEO (formerly Terra Virtua Kolect)

• Date:

• 10th December 2020

• Offering Price:

• $0.012

• Raised:

• $105,000 (4% of total funds)

• Additional Funds:

• $2.5 million (96%) from other rounds

• Market Volatility:

• The cryptocurrency market is highly volatile, and investments can fluctuate widely.

• Regulatory Changes:

• Potential regulatory changes could adversely affect the operation and value of VANRY.

• Competition:

• The entertainment-focused blockchain space is crowded, and VANAR Chain may need help differentiating itself.

• Adoption Challenges:

• The success of VANRY depends on widespread adoption within the entertainment industry, which is not guaranteed.

• Technology Risks:

• As a technology-dependent asset, VANRY could be impacted by smart contract vulnerabilities or blockchain scalability problems.

The whitepaper of the VANAR chain has not yet been published. However, here’s the brief insight into the token -

Vanar Chain is a blockchain ecosystem designed to cater to the entertainment industry, focusing on Non-Fungible Tokens (NFTs) and Metaverse applications. The platform is built on the Ethereum and Polygon blockchains, ensuring high efficiency, speed, and security for its users. The native token of the ecosystem, VANRY, is used to fuel transactions and smart contract operations within the Vanar Chain platform.

The whitepaper likely outlines the technical aspects of the Vanar Chain, including its architecture, consensus mechanism, and the role of VANRY as the gas token. It also probably discusses the platform’s carbon-neutral approach, which is an important aspect given the increasing concern over the environmental impact of blockchain technology.

Vanar Chain aims to provide a suite of solutions for brands, leveraging years of experience to offer new engagement experiences and AI-driven IP tracking. These tools are intended to help brands create compelling customer journeys and maintain a competitive edge by utilizing the latest technologies.

The whitepaper would also detail the tokenomics of VANRY, including its maximum supply of 2.4 billion tokens, with 1.2 billion in total supply and 1.1 billion in circulating supply. The allocation of these tokens is likely broken down into various categories, such as Business Development & Partnerships, Ecosystem Reserve, Rewards for early supporters, and Team, with specific vesting periods and lock-up terms to ensure the long-term stability and growth of the ecosystem.

Furthermore, the whitepaper would address the market positioning of Vanar Chain, highlighting its unique selling points, such as its dual blockchain operation, specialized focus on the entertainment industry, and the provision of brand engagement tools. It will also discuss the problems Vanar Chain aims to solve, such as high transaction costs and the need for specialized blockchain solutions in the entertainment sector.

The governance model, roadmap, and strategic vision for the future development of Vanar Chain would also be key components of the whitepaper. This would include information on how the platform plans to attract users and brands and its approach to fostering a thriving community around its ecosystem.

Lastly, the whitepaper would likely touch upon the risks associated with investing in VANRY, including market volatility, regulatory changes, competition, adoption challenges, and technology risks. It would emphasize the importance of conducting thorough research before investing in the token.

In summary, the Vanar Chain whitepaper is expected to provide a comprehensive overview of the platform’s technology, tokenomics, market strategy, and vision for revolutionizing the entertainment industry through blockchain technology.