Binance Welcomes Vana (VANA) as 62nd Project on Launchpool

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As a seasoned crypto investor with a knack for spotting promising projects and navigating the volatile market, I find the addition of Vana (VANA) to Binance‘s Launchpool program intriguing. With its focus on securing user data through AI models, Vana presents an exciting opportunity for early adopters.

On Friday, Binance, a prominent worldwide cryptocurrency exchange, revealed the incorporation of Vana (VANA) – a Layer 1 blockchain project dedicated to safeguarding user data – into their Launchpool program. This scheme enables users to cultivate the token prior to its official debut.

As stated in the recent announcement, Vana is the 62nd project showcased on Launchpool. Commencing from December 14th (Saturday), users have an opportunity to deposit Binance Coin (BNB currently valued at $715.3 with a 24-hour volatility of 0.8%) and the FDUSD stablecoin ($1.00, 24-hour volatility of 0.6%) to receive VANA tokens, which is the project’s native currency, via airdrops. The respective market caps for these assets are $104.33B for BNB and $1.74B for FDUSD, while their 24-hour trading volumes amount to $1.79B and $6.89B respectively.

Vana Token Details and Launch Schedule

In simple terms, the Vana project empowers users by letting them possess, control, and profit from the AI models they help build. Through the Launchpool program, a total of 4.8 million VANA tokens, which is 4% of its maximum supply of 120 million, have been set aside for distribution to contributors.

In just two more days, Binance intends to debut the token for trading, which is scheduled for December 16 around 10:00 UTC. This exchange will mark the global debut of VANA trading as the first platform to support it.

As an analyst, I’m excited to share that Binance has revealed the inclusion of VANA in multiple trading options, such as VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. However, it’s important to note that VANA will be listed with a Seed Tag, which suggests increased price volatility compared to other tokens in the market. To ensure informed decision-making, Binance encourages users to thoroughly research (Do Your Own Research or DYOR) before making any investment moves.

Binance’s Recent Milestones

Following Binance setting a new record by amassing $21.6 billion in user deposits this year, Vana’s native token will be added to Launchpool.

As per the recent announcement, our company surpassed ten leading crypto exchanges remarkably, with a substantial lead of 36%. Collectively, these exchanges reported approximately $15.9 billion in deposit volumes.

By 2024, Binance had achieved numerous significant landmarks, one of which was being the initial digital trading platform to exceed a cumulative $100 trillion in total trades. A substantial portion of these funds continued to be kept within the platform itself.

Regulatory Expansions

This year, Binance has been growing its influence around the world. In October, they established themselves in Argentina and were added to the nation’s Virtual Asset Service Providers Registry. The firm achieved this by acquiring an operational license from Argentina’s National Securities Commission (CNV).

Binance achieved its 20th regulatory approval worldwide, securing licenses in nations like India, Kazakhstan, and Indonesia.

As a dedicated cryptocurrency investor, I’ve always been impressed by Binance’s relentless pursuit of regulatory compliance. Their commitment is evident in the robust anti-money laundering (AML) safeguards and comprehensive counter-terrorist financing (CFT) framework they’ve put in place. These measures are not just about checking boxes; they’re about building trust, ensuring safety, and fostering an environment where everyone can invest with confidence.

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2024-12-13 16:27