#vanar $VANRY
Here’s a detailed note on **Vanry (VANRY)** — the cryptocurrency associated with **Vanar Chain**, a decentralized blockchain project: ([SOHO19 Crypto District][1])
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## 📌 **What Is Vanry (VANRY)?**
**VANRY** (often referred to simply as *Vanry*) is the **native cryptocurrency token** of the **Vanar Chain**, a Layer-1 (L1) blockchain platform designed for scalable, efficient decentralized applications (dApps) and real-world use cases. It is an **EVM-compatible**, blockchain-native asset that powers many of the chain’s core functions such as transaction fees, governance, staking, and ecosystem incentives. ([SOHO19 Crypto District][1])
Vanar Chain itself was **previously known as Virtua (ticker TVK)** and underwent a rebranding with a **1:1 swap to the VANRY token** as part of its strategic shift toward broader ecosystem utility. ([SOHO19 Crypto District][1])
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## 🚀 **Core Purpose and Utility of VANRY**
VANRY serves multiple essential roles within the Vanar Chain ecosystem:
### 🟡 **1. Gas and Transaction Fees**
All transactions and smart contract interactions on the Vanar Chain require VANRY to pay the network’s gas fees — similar to how ETH is used on Ethereum. ([Crypto.com][2])
### 🟢 **2. Staking and Network Security**
Holders can stake VANRY tokens to participate in securing the blockchain through a hybrid consensus mechanism (PoS/DPoA). Validators and delegators earn rewards in VANRY for contributing to network operations. ([SOHO19 Crypto District][1])
### 🔵 **3. Governance and Voting**
Over time, VANRY is expected to enable **on-chain governance**, giving holders the right to vote on proposals that shape how the protocol evolves. ([SOHO19 Crypto District][1])
### 🟣 **4. Ecosystem Incentives**
Part of the token supply is allocated for development grants, community programs, and validator incentives to encourage participation and growth. ([SOHO19 Crypto District][1])