Investors in 2025 have been hurt by various 'massive unlocks'. Many coins have a circulation rate of less than 20%, and while their market value seems to be in the billions, it is actually all a bubble that could be crushed by institutions at any time.
In this context, looking at @Vanarchain with a circulation rate close to 90% surprisingly brings a sense of security?
Talking about money doesn't hurt feelings; discussing chip distribution is true concern. The token model of #vanar is considered an outlier in the current L1 race.
Most new public chains lock up a large amount of chips to maintain high valuations and release them slowly. This results in a sword always hanging over retail investors and builders. VANRY's current state is more like a 'clear hand'.
Nearly 90% of the chips have already been out, and the market capitalization (MCAP) and fully diluted valuation (FDV) are almost equal. This means that every rise and fall now reflects the real emotions generated by market games, without the heart-pounding 'institutional unlocking days.'
In addition, the project party is promoting an AI tool subscription mechanism: Want to use Vanar's highly efficient AI storage and inference? Sure, pay with VANRY. This income will correspond to the destruction and incentive mechanisms in the future. This logic of 'low release pressure + essential consumption' is very effective in the 2026 market.
A healthy ecosystem should not make builders guess the intentions of the market makers every day. Vanar's approach of 'fully circulated and highly practical,' although it may not have the 'pillar of support' that comes from controlling the market in the short term, it excels in having a clean foundation.
The current market value of 20 million USD, compared to its technological ambitions and top-tier partners, does indeed seem like an undervalued 'honest person.' Of course, whether this honest person can make a comeback depends on whether it can convert technology into real active users at important windows like the upcoming Dubai conference.
Would you prefer to invest in 'high control, high explosion' black box projects, or in these 'fully circulated, infrastructure-focused' transparent projects?
The current token has not performed well since its launch; is there still a chance for V to return?
