1️⃣▪️What is $VANRY?
$VANRY is the native utility token of Vanar Chain, a Layer-1 (L1) blockchain platform designed to support Web3 adoption, particularly in entertainment, gaming, AI, branding, and real-world use cases. It began life as Virtua / TVK but was rebranded to Vanar and VANRY as part of a strategic shift toward broader mainstream utility.
Origins and Evolution
The project originally launched under the Virtua (TVK) name with a focus on gaming and metaverse experiences. In late 2023, the team approved a transformation into Vanar Chain, repositioning the platform toward ultra-low cost transactions, microtransaction support, and global entertainment/Web3 adoption. This transition involved a 1:1 token swap from $TVK to $VANRY.
Founders Jawad Ashraf and Gary Bracey lead the project, bringing expertise in tech, entertainment, and blockchain. The network has also gained recognition through programs like NVIDIA’s Inception.
2️⃣▪️Core Features of Vanar Chain & VANRY
Layer-1 Blockchain with Focused Use Cases
Vanar Chain is a full-scale blockchain platform with the following distinguishing traits:
Layer-1 infrastructure designed for high throughput and low fees.
Targeted toward entertainment, gaming, and AI-driven applications.
Supports real-world financial tools like PayFi and tokenized assets.
Positioned as accessible to mainstream users, not just crypto natives.
3️⃣▪️What VANRY Does
The VANRY token serves many fundamental purposes within the Vanar ecosystem:
1. Transaction Gas
Like Ether for Ethereum, VANRY is used to pay transaction fees and costs for smart contract interactions on Vanar Chain.
2. Network Incentives
Tokens are allocated to validators and network support, ensuring blockchain security and encouraging participation.
3. Governance (Potential)
Holders may gain the right to vote on network proposals and governance decisions — though full governance features may still be evolving.
4. Ecosystem Utility
VANRY is tied into games, AI apps, interoperability tools, and future DeFi offerings built on Vanar Chain.
4️⃣▪️Tokenomics
Maximum supply: 2.4 billion VANRY.
Circulating supply: ~2.08–2.16 billion (varies by source/time).
There’s no large team allocation reserved in the original design — most tokens are for network incentives and community use.
The gradual issuance over years (such as validator rewards over 20 years) is meant to reduce sudden supply shocks and encourage long-term participation.
5️⃣▪️Price and Market Status
VANRY is actively traded on numerous crypto exchanges including Bitget and Bybit, and is tracked by market aggregators like CoinGecko and CoinMarketCap.
Current price hovers in the low-cent range (e.g., ~$0.008–$0.014 depending on market data and time).
Market cap varies with price but is multi-millions USD, indicating a modest-sized project in the broader crypto landscape.
Prices have been volatile historically — including significant drawdowns from earlier highs — highlighting the speculative nature of the token..
