The Layer 1 project Vanar has announced a migration of its infrastructure to Base. Existing VANRY holders can migrate their tokens at a 1:1 ratio, maintaining their current holdings. Simultaneously, the total supply of VANRY will increase from 2.4 billion to 10 billion tokens, with approximately 62% locked at the time of migration. Upon completion of the migration, Vanarchain validator staking will be discontinued.
Vanar Migrates Infrastructure to Base and Increases VANRY Supply to 10 Billion
TechFlowShare
Summary
Vanar has announced a project update, migrating its infrastructure to Base. Existing VANRY holders can swap tokens at a 1:1 ratio, with no change to their balances. The total supply will increase from 2.4 billion to 10 billion, with approximately 62% locked. This project funding announcement follows the decision to suspend Vanarchain validator staking after the migration is complete.
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