The Layer 1 project Vanar has announced a migration of its infrastructure to Base, allowing VANRY token holders to migrate at a 1:1 ratio with no change in holding amounts. The total supply of VANRY will increase from 2.4 billion to 10 billion tokens, with approximately 62% locked at the time of migration, and Vanarchain validator staking will be discontinued.
Vanar Migrates to Base, VANRY Token Supply Adjusted to 100 Billion
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Summary
Vanar has announced the launch of its token, confirming its infrastructure migration to Base. VANRY token holders can swap their tokens at a 1:1 ratio, with their balances unaffected. The total supply of VANRY has increased from 2.4 billion to 10 billion, with approximately 62% locked. Staking for Vanarchain validators will be discontinued. This move follows the growing trend of new token listings on Ethereum Layer 2 networks.
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