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Vijay Gir
Vijay Gir
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- Dec 13, 2024 13:33 UTC
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Binance Triggers Crypto Market Buzz with Velodrome and Vana Listings
Binance has listed two new crypto tokens, Velodrome Finance (VELODROME) and Vana (VANA), on its platform.
Both tokens have experienced significant price increases following the announcement, with Velodrome rising by 185%.
Velodrome is a next-generation decentralized exchange, while Vana is an EVM-compatible Layer-1 blockchain token.
Binance, the world’s largest cryptocurrency exchange, has announced the listing of two new tokens: Velodrome Finance (VELODROME) and Vana (VANA). This news has stirred excitement in the crypto community, with both tokens seeing sharp price jumps following the announcement.
Let’s explore what makes these projects stand out.
Velodrome Finance: A New Liquidity Hub
Velodrome (VELODROME) will be available for trading against USDT on Binance starting Friday, December 13. But what is Velodrome Finance?
Velodrome is a decentralized exchange (DEX) designed as a liquidity hub for the superchain ecosystem. In simpler terms, it’s built to manage large amounts of liquidity, making it a key tool for growing blockchain networks. Binance has given Velodrome a special “seed tag” to help it shine among similar tokens.
To make trading easier, Binance will enable trading bots and copy trading features within 24 hours of the 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: Binance Launchpool’s New Star
The second token is grabbing the spotlight with Vana (VANA), Binance’s 62nd Launchpool project. Vana is an EVM-compatible Layer-1 blockchain token, and users can farm it by staking BNB or FDUSD for two days starting December 14. This makes earning VANA tokens straightforward for Binance users.
Here’s what we know about Vana:
- Total token supply: 120 million
- Airdrop rewards: 4.8 million VANA
- Initial circulating supply: 30,084,000 (25% of the total supply)
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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