#vanar $VANRY
$VANRY is the native token of Vanar Chain, a Layer-1 blockchain that focuses on combining artificial intelligence (AI) with blockchain technology. The project aims to build a fast, scalable, and developer-friendly ecosystem for Web3 applications, gaming, and AI-powered services. VANRY was previously known as TVK (Virtua) and later rebranded with a 1:1 token migration.
The primary purpose of the VANRY token is utility. It is used to pay transaction (gas) fees on the Vanar Chain network, reward validators who help secure the blockchain, and provide access to AI-native features built into the ecosystem. In the future, VANRY is also expected to play a role in governance, allowing holders to vote on important network decisions.
One of Vanar Chain’s key strengths is its EVM compatibility, meaning developers can easily build or migrate projects using familiar Ethereum tools. The network focuses on solving common blockchain issues such as slow transaction speeds, high fees, and scalability limitations. By integrating AI at the protocol level, Vanar Chain aims to support smarter applications and more efficient data handling.
From a tokenomics perspective, VANRY has a maximum supply of around 2.4 billion tokens, with most already in circulation. A unique aspect of the project is that no tokens are allocated to the founding team, which reduces the risk of insider dumping and emphasizes community and network participation.