Odaily Planet Daily reports that the Layer 1 project Vanar has announced that its infrastructure migration to Base will begin next Tuesday. Users who are currently staking must first unstake their tokens and claim them after the cooling period ends. Previously, Vanar stated that existing VANRY token holders can migrate their tokens at a 1:1 ratio, maintaining their original holdings. At the same time, the total supply of VANRY will increase from 2.4 billion to 10 billion tokens, with approximately 62% remaining locked at the time of migration. Upon completion of the migration, Vanarchain validator staking will be discontinued.
Vanar Announces Chain Migration to Base, Validator Staking to Be Halted
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Summary
Vanar has announced that its chain migration to Base will begin next Tuesday. Validator staking on Vanarchain will cease after the migration. Users must unstake and wait for the cooldown period before claiming their tokens. Existing VANRY holders can migrate at a 1:1 ratio, with the total supply increasing from 2.4 billion to 10 billion. Approximately 62% of the supply will remain locked during the on-chain event.
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