- December 13, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Binance Listing: Velodrome and Vana Tokens Surge in Value appeared first on Coinpedia Fintech News
The largest crypto exchange Binance had announced the listing of new crypto tokens Velodrome Finance and VANA on its platform. These announcements have started a buzz in the crypto market. Both the tokens witnessed sharp spikes after the announcement. Let’s dive deeper and see what is making these projects so exciting.
Velodrome Joins Binance with Zero Fees
Starting Friday, December 13, Velodrome (VELODROME) will be available for trading against USDT on Binance. But what exactly is this Velodrome Finance? It’s a next-generation decentralized exchange (DEX) that serves as a liquidity hub for the superchain ecosystem. In simple terms, it’s built to handle large-scale liquidity, making it a vital tool for fast-growing blockchain networks. Binance has even given Velodrome a unique “seed tag” to help it stand out from similar tokens. The trading bots and copy trading features will be available within 24 hours of listing.
Just after the Binance announcement, the price of Velodrome skyrocketed around 185% to $0.4184 before stabilizing around $0.3272. The hype is real. This shows the impact of Binance listing in the crypto world.
Vana Launches on Binance Launchpool
Next up 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. It’s a chance to earn VANA tokens just 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 so much buzz? Vana recently raised $25 million in a funding round led by Coinbase Ventures, Polychain Capital, and Paradigm. The funds will support the ecosystem’s growth and reward its tech-savvy community. It’s clear that Vana’s team has big ambitions.
What to Expect Next
The launches of Velodrome and Vana highlight Binance’s influence in shaping the crypto market. For traders, these listings bring opportunities to explore innovative projects early. For the broader market, they show how Binance continues to drive excitement and momentum.
Will these tokens maintain their growth? It’s too early to tell. But one thing is clear: both Velodrome and Vana are gaining traction, and the buzz around them isn’t going away anytime soon.
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