What is Vanar Chain? All You Need to Know About VANRY

Intermediate12/9/2024, 6:18:31 AM
Vanar Chain is a blockchain network focused on privacy, scalability, and efficient cross-chain transactions, supporting DeFi, NFTs, and Web3 apps.

Vanar Chain is a blockchain network focused on privacy, scalability, and efficient cross-chain transactions, supporting DeFi, NFTs, and Web3 apps.

As blockchain technology advances, there’s an increasing demand for networks that prioritize both efficiency and environmental impact. Users and developers want platforms capable of handling high transaction volumes with minimal fees and energy consumption. Many existing blockchains struggle with scalability and sustainability, creating a gap in the market for eco-friendly, high-performance solutions. Addressing these needs, Vanar Chain aims to provide a fast, low-cost, and environmentally conscious option for decentralized applications, positioning itself as a next-generation blockchain built for the demands of a sustainable digital future.

What is Vanar Chain (VANRY)?

Vanar Chain, originally known as Virtua, has undergone a significant transformation to establish itself as a dedicated Layer 1 blockchain for the entertainment industry. This shift was announced on November 15, 2023, following the approval of a proposal to create a new blockchain with ultra-low costs, microtransaction support, and a focus on bringing Web3 experiences to the entertainment sector’s global audience. To mark this evolution, the brand transitioned to “Vanar,” reflecting its enhanced vision and strategic goals for real-world adoption across entertainment and gaming.

This transformation was accompanied by the launch of the Vanar Vanguard testnet, an essential phase that allowed Vanar to rigorously test and refine its network, ensuring a robust, secure, and scalable ecosystem. Additionally, the Vanar Chain team announced a one-to-one token swap from $TVK to $VANRY, aligning its token with the platform’s new identity and focus. For each $TVK token held, users would receive an equivalent amount of $VANRY, streamlining the transition to Vanar’s redefined blockchain infrastructure.

Under the leadership of founders Jawad Ashraf and Gary Bracey, Vanar Chain has continued to expand its ecosystem, leveraging the team’s extensive experience in technology, entertainment, and gaming. With its recent inclusion in NVIDIA’s Inception program and a dedicated approach to eco-friendly, high-performance blockchain technology, Vanar Chain has positioned itself as an important player in the blockchain landscape, ready to drive mass adoption within the entertainment sector.

How Does Vanar Chain Work? Architecture and Proof of Reputation

Vanar Chain’s architecture is crafted with a keen focus on high speed, cost efficiency, and ease of integration, optimized for extensive use in gaming, entertainment, and interactive applications. Built on Ethereum’s foundation, Vanar inherits the secure and established Ethereum codebase while introducing unique customizations to meet its performance objectives and drive sustainable growth. Central to Vanar’s design is its reliance on the Go Ethereum (GETH) framework as the primary execution layer, complemented by a Proof of Authority (PoA) consensus mechanism enhanced with Proof of Reputation (PoR). This layered approach not only ensures stability and scalability but also introduces a validator election process that encourages transparent and inclusive governance.

The chain’s commitment to compatibility extends through its Ethereum Virtual Machine (EVM) alignment, allowing developers accustomed to Ethereum’s ecosystem to transition effortlessly. By mirroring EVM standards, Vanar taps into a well-resourced community and an extensive library of developer tools. This compatibility grants Vanar the flexibility to adopt existing protocols and offer a familiar environment for developers, thus accelerating integration and onboarding for projects already established on EVM-based blockchains.

In deciding to create a new Layer 1 chain rather than adopting Layer 2 scaling solutions like rollups, Vanar prioritizes full control over network governance, security, and customization, enabling the platform to cater specifically to applications requiring minimal fees and high transaction speeds. Rollups, while beneficial for general scalability, often introduce transaction fees, potentially impacting Vanar’s vision of feeless, seamless user experiences for high-frequency microtransactions. Furthermore, owning a Layer 1 blockchain allows Vanar to engineer its infrastructure to support real-time applications without depending on Ethereum’s base layer, an essential feature for gaming, entertainment, and interactive applications where speed, high transaction throughput, and user accessibility are paramount.


Source: vanarchain.com

Through meticulous auditing and constant enhancement, Vanar ensures that every customization aligns not only with Ethereum standards but also with its commitment to optimal performance and rapid accessibility. Each architectural modification undergoes thorough review, guaranteeing it supports Vanar’s mission of providing a robust, scalable, and flexible ecosystem for entertainment-centric applications. Vanar’s infrastructure is designed to support widespread adoption by providing a user-friendly experience, minimal costs, and speed—a foundation further secured through the Proof of Reputation mechanism, which enhances trust and stability across its validator network.

Proof of Reputation

Vanar Chain’s Proof of Reputation (PoR) introduces a unique approach to blockchain security and validator selection that is designed for mainstream adoption. Unlike traditional consensus mechanisms like Proof of Work (PoW), which relies on computational power, or Proof of Stake (PoS), which requires financial commitment, PoR emphasizes validator credibility. By allowing only well-known, reputable entities to operate as validator nodes, PoR helps secure the network while fostering trust and reliability. This system is central to Vanar’s goal of creating a safe, widely accessible blockchain infrastructure.

PoR determines eligibility for validation based on a validator’s brand recognition and industry reputation. This model prioritizes organizations with a significant presence in either Web2 or Web3 infrastructures. By including entities with a vested interest in maintaining their reputation, Vanar mitigates the risk of fraudulent activities, as these organizations are less likely to harm their brand through malicious behavior. Furthermore, this transparency helps deter Sybil attacks, where one entity creates multiple fake identities to disproportionately influence the network.

In addition to brand-based validation, PoR encourages transparency by making each validator’s identity public. Known validators are accountable to the community, enhancing overall network security. Vanar Foundation initially manages the validator onboarding process, assessing potential validators’ reputations through predefined criteria like market position, transparency, and community feedback. The Foundation assigns an internal reputation score, continually monitored to ensure sustained performance and compliance with network rules. Poor behavior or network violations can lead to reduced privileges or disqualification, creating an ongoing incentive for validators to act responsibly.

Vanar’s PoR integrates a delegated proof-of-stake (DPoS) model, allowing token holders to delegate their VANRY tokens to chosen validators. This delegation process enables broader participation, letting stakeholders earn yield while contributing to network security. By engaging diverse participants, Vanar’s consensus mechanism remains decentralized, ensuring that no single entity gains excessive control.

Validators are rewarded based on their reputation scores, with those holding higher scores receiving greater incentives. This reward system forms a positive feedback loop, motivating validators to maintain and even enhance their reputation. PoR thus aligns validators’ interests with network security, leading to efficient governance where qualified entities uphold high standards, fostering trust among users and stakeholders.

The Proof of Reputation mechanism, supported by Proof of Authority (PoA), strengthens Vanar’s architecture by onboarding reputable stakeholders as validators. This dual-layered approach reinforces network resilience, supports reliable validation, and contributes to long-term ecosystem sustainability.

Vanar Chain Use Cases

Vanar Chain’s infrastructure is designed to address the unique demands of sectors that require fast, low-cost, and scalable blockchain solutions, particularly those involving high transaction volumes and a focus on user accessibility. With its Ethereum-compatible Layer 1 structure and eco-friendly Proof of Reputation (PoR) mechanism, Vanar Chain opens the door to a variety of use cases that benefit from its secure and adaptable ecosystem.

  • Gaming and Virtual Assets: Vanar Chain’s low-cost transactions and high-speed processing make it ideal for gaming and digital asset transactions. By allowing microtransactions without high fees, game developers can integrate blockchain-based items, marketplaces, and reward systems seamlessly, providing players with a real-time experience.
  • Decentralized Finance (DeFi): For DeFi applications, Vanar Chain’s EVM compatibility enables developers to leverage existing protocols and tools while taking advantage of Vanar’s high transaction throughput. The platform supports secure, affordable exchanges, lending, and other financial services, enhancing DeFi accessibility and usability.
  • Entertainment and Media: Vanar’s efficient infrastructure is also suited for content distribution platforms, enabling cost-effective and secure sharing of digital media like music, videos, and art. Blockchain verification ensures content authenticity, while the low transaction costs support micropayments for creators.
  • Supply Chain Management: Vanar’s robust, secure, and scalable infrastructure enables real-time tracking of goods and materials across the supply chain. Its transparency and immutability ensure reliable record-keeping, enhancing trust and collaboration among stakeholders, especially in global logistics and inventory management.

Each of these use cases highlights Vanar Chain’s capacity to support mainstream adoption across diverse sectors.

Vanar Chain Main Features

Vanar Chain is designed with advanced, community-driven features that promote innovation, sustainability, and efficient blockchain operations. Below are key features that position Vanar as a leader in the blockchain space.

The Vanar Foundation

The Vanar Foundation is the guiding entity of Vanar Chain, overseeing its development, governance, and sustainability. This organization defines and enforces protocols, consensus mechanisms, and governance standards, ensuring Vanar operates fairly and transparently. With responsibilities spanning community engagement, strategic partnerships, and support services, the Foundation also promotes environmental consciousness by mandating green energy for all validators and ecosystem participants. By supporting ecosystem projects through funding, guidance, and resources, the Vanar Foundation is instrumental in advancing the platform’s vision and impact.

Fixed Fees

Vanar Chain employs a fixed-fee model for transaction processing, ensuring predictable costs for all users. This fixed structure facilitates budgeting for projects, prevents fee spikes during peak demand, and supports transparency across the network. The First-In-First-Out (FIFO) model avoids prioritization of transactions based on fees, providing fair access for all participants. This model allows projects to plan resource allocation with precision, encouraging scalability and reliable performance, even during high traffic, enhancing trust in the ecosystem’s stability and cost-effectiveness.


Source: vanarchain whitepaper

Green Chain

Vanar Chain champions sustainable blockchain practices by integrating green energy solutions, including a partnership with Google’s eco-friendly infrastructure. This collaboration minimizes the network’s carbon footprint, leveraging renewable energy like solar, wind, and hydropower to ensure energy-efficient operations. Vanar’s commitment to green energy represents its dedication to both technological innovation and environmental stewardship, positioning the blockchain as a model for eco-friendly operations. This emphasis on sustainability aligns with a growing global focus on reducing carbon emissions across the tech industry.

Enhanced EVM Compatibility

Vanar Chain’s full Ethereum Virtual Machine (EVM) compatibility streamlines integration for projects already built on Ethereum. This feature allows developers to seamlessly port their applications to Vanar without extensive code modifications, benefiting from Vanar’s high-speed transactions and low fees. By aligning with the EVM ecosystem, Vanar Chain becomes a flexible platform for developers, fostering a rich and diverse range of decentralized applications and enhancing interoperability within the broader blockchain community. This compatibility ensures a smooth developer experience and enriches the blockchain landscape with collaborative potential.

These foundational features make Vanar Chain a comprehensive solution for developers and users looking for an efficient, sustainable, and versatile blockchain platform.

Vanar Chain Products

Vanar Chain offers a range of products designed to address modern digital demands across industries with innovative, sustainable, and user-friendly solutions.

Vanar ECO

Vanar ECO is a blockchain feature focused on energy transparency and sustainability, appealing to brands with environmental commitments. This tool provides real-time analytics on energy consumption, allowing users and businesses to make eco-conscious choices. It includes advanced machine learning for predictive analytics, essential for forecasting emissions and setting future carbon targets. With this feature, companies can achieve regulatory compliance by meeting environmental standards across jurisdictions. Vanar ECO also allows brands to measure supply chain emissions, aligning with the values of younger, eco-conscious generations who seek environmentally sound practices.


Source: vanarchain.com

Vanar Gaming

Vanar Chain’s gaming tools empower developers to leverage blockchain for a seamless gaming experience. Its micropayment system enables quick, low-cost transactions ideal for in-game purchases, making NFTs and DLCs accessible without high fees. Vanar’s digital asset marketplace tools let developers create ecosystems for buying, selling, and trading in-game items. The gaming API supports popular engines like Unreal and Unity, facilitating easy blockchain integration. With gamification modules, social wallets, and metaverse support, Vanar enhances player engagement and enables immersive gaming experiences, while multichain minting ensures interoperability for diverse digital assets.


Source: vanarchain.com

Vanar AI

Vanar AI represents Vanar’s commitment to integrating Artificial Intelligence for a smarter Web3. In gaming, generative AI creates dynamic 3D characters and environments, while interactive AI agents provide personalized digital experiences. In eCommerce, AI drives content personalization, tailoring customer engagement to individual preferences. Vanar’s avatar intelligence upgrades NPCs into responsive personas, enriching digital experiences. With cutting-edge fraud detection, identity verification, and KYC protocols, Vanar AI strengthens security. Vanar’s DApp tools further streamline development, accelerating the market readiness of blockchain applications through AI-enhanced tools.


Source: vanarchain.com

Vanar AI in Content and eCommerce

Vanar AI revolutionizes content creation and eCommerce, leveraging data-driven personalization to engage users with customized experiences. Through intelligent recommendations, Vanar AI aligns products, games, and digital content with users’ unique tastes and activities. This approach benefits businesses by increasing customer retention and enhancing user satisfaction through relevant and targeted interactions. For artists, creators, and brands, Vanar AI provides tailored content that aligns with consumer trends, maximizing brand visibility and reach. This innovative use of AI solidifies Vanar’s position at the intersection of blockchain, creativity, and technology.

Vanar Ecosystem

The Vanar Chain ecosystem is rapidly expanding through strategic collaborations that strengthen its position in blockchain, gaming, finance, and security, bringing together some of the industry’s most influential players.

NVIDIA

As a leader in AI and graphics technology, NVIDIA enhances the Vanar ecosystem by equipping developers with advanced tools and infrastructure critical for innovation in AI, the metaverse, and gaming. This collaboration provides Vanar with unparalleled computational power and resources, empowering developers to build high-performance, immersive digital experiences. NVIDIA’s expertise in machine learning and graphics opens new avenues for the ecosystem, positioning Vanar as a hub for next-generation applications in the blockchain space.

Gaming - Viva Games Studios

Viva Games Studios, known for its robust portfolio with over 700 million downloads, joins Vanar to elevate gaming experiences. With titles developed for industry giants like Hasbro and Disney, and a massive reach across 100 million mobile users, Viva Games Studios integrates Vanar’s blockchain capabilities to set new standards for in-game economies, user engagement, and digital ownership. This partnership strengthens Vanar’s gaming ecosystem and broadens its audience reach.

Finance - Emirates Digital Wallet (EDW)

In the financial sector, Emirates Digital Wallet, owned by 15 primary banks in the Middle East, integrates Vanar’s blockchain for enhanced speed, security, and efficiency. Serving over 13 million customers, EDW’s collaboration with Vanar reflects the growing demand for blockchain in mainstream finance, providing a secure and efficient framework for digital transactions within this significant user base.

Security - Immunefi

Vanar partners with Immunefi, the leading bug bounty platform in web3, to ensure top-notch security across the ecosystem. Immunefi’s high-stakes bug bounty programs and extensive hacker network safeguard Vanar’s assets, protecting blockchains, NFTs, and smart contracts. Known for rapid response times and exceptional support, Immunefi’s expertise is vital in maintaining the integrity and security of the Vanar ecosystem.

Community Engagement - Galxe

Galxe, a prominent player in Web3 community building, enhances Vanar’s ecosystem through a sophisticated rewards system. Galxe’s loyalty programs, utilized by over 14 million users, offer rewards like NFTs and loyalty points to increase user engagement. By supporting loyalty and community interaction, Galxe plays a crucial role in fostering a connected and active Web3 community within Vanar.

These partnerships represent only a fraction of Vanar’s collaborations, highlighting its broad reach and commitment to innovation across industries.

What is the VANRY Coin?

VANRY is Vanar Chain’s utility token, fueling transactions, rewards, and ecosystem governance. Its maximum supply is capped at 2.40 billion units, of which 1.66 billion are already in circulation (November 2024).

The VANRY token is the native currency powering the Vanar Chain ecosystem, evolving from Virtua’s original $TVK through a one-to-one swap. This transition to $VANRY represents Vanar’s shift towards providing affordable and accessible blockchain solutions for sectors like gaming, entertainment, AI, and branding. VANRY serves as the ecosystem’s “gas” token, facilitating transactions, covering costs for dApp access, and enabling smooth user interaction across the network.

VANRY’s tokenomics structure is designed for sustainability. With a total capped supply of 2.4 billion tokens, an initial 1.2 billion were minted within the genesis block, mirroring the original $TVK supply to ensure a seamless transition for users from Virtua to Vanar. The remaining supply will be issued gradually over two decades as block rewards, motivating validators to support network security and enhancing the ecosystem’s stability. These rewards, spread across 20 years, introduce a predictable, gradual release that prevents abrupt supply fluctuations.


Source: vanarchain.com

VANRY tokens are primarily allocated for network incentives, with 83% of the additional supply dedicated to validator rewards, 13% earmarked for development, and 4% set aside for community initiatives and airdrops. Notably, no tokens are reserved for team allocations, underscoring Vanar’s community-centered approach. In the future, VANRY holders may also gain governance rights, enabling them to participate actively in shaping the ecosystem’s development. Through its thoughtfully structured distribution model, VANRY aims to promote long-term growth and stability, securing its role as the foundation of Vanar’s expanding real-world applications.

Is VANRY a Good Investment?

VANRY has a robust structure supporting Vanar Chain’s focus on real-world applications in entertainment, gaming, AI, and branding. The project emphasizes user accessibility, eco-friendliness, and low-cost transactions, which appeal to the growing demands of Web3 integration. The VANRY token’s role in staking, governance, and covering transaction fees adds utility, making it central to the ecosystem. However, as a relatively new project, its success hinges on Vanar’s adoption rates and ability to deliver on its promises within a competitive blockchain space. Investors should carefully monitor these factors as the project evolves.

How to Own VANRY?

To own VANRY, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy VANRY.

News on Vanar Chain

On October 17, 2024, Vanar announced on its official blog the launch of the “Brainstorming Cohort,” a new initiative aimed at empowering Web3 communities through collaborative innovation. This cohort invites CTOs and NFT project leaders to participate in sessions identifying community challenges and brainstorming tailored solutions. Successful projects will be welcomed into the Vanar Communities Council, gaining dedicated DEX pools on Vanar and support with CEX partnerships. Vanar aims to provide the resources needed for Web3 communities to thrive and expand their impact.

Take Action on VANRY

Check out VANRY price today, and start trading your favorite currency pairs.

Auteur: Mauro
Vertaler: Piper
Revisor(s): Edward、Matheus
Translation Reviewer(s): Ashely
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.

What is Vanar Chain? All You Need to Know About VANRY

Intermediate12/9/2024, 6:18:31 AM
Vanar Chain is a blockchain network focused on privacy, scalability, and efficient cross-chain transactions, supporting DeFi, NFTs, and Web3 apps.

Vanar Chain is a blockchain network focused on privacy, scalability, and efficient cross-chain transactions, supporting DeFi, NFTs, and Web3 apps.

As blockchain technology advances, there’s an increasing demand for networks that prioritize both efficiency and environmental impact. Users and developers want platforms capable of handling high transaction volumes with minimal fees and energy consumption. Many existing blockchains struggle with scalability and sustainability, creating a gap in the market for eco-friendly, high-performance solutions. Addressing these needs, Vanar Chain aims to provide a fast, low-cost, and environmentally conscious option for decentralized applications, positioning itself as a next-generation blockchain built for the demands of a sustainable digital future.

What is Vanar Chain (VANRY)?

Vanar Chain, originally known as Virtua, has undergone a significant transformation to establish itself as a dedicated Layer 1 blockchain for the entertainment industry. This shift was announced on November 15, 2023, following the approval of a proposal to create a new blockchain with ultra-low costs, microtransaction support, and a focus on bringing Web3 experiences to the entertainment sector’s global audience. To mark this evolution, the brand transitioned to “Vanar,” reflecting its enhanced vision and strategic goals for real-world adoption across entertainment and gaming.

This transformation was accompanied by the launch of the Vanar Vanguard testnet, an essential phase that allowed Vanar to rigorously test and refine its network, ensuring a robust, secure, and scalable ecosystem. Additionally, the Vanar Chain team announced a one-to-one token swap from $TVK to $VANRY, aligning its token with the platform’s new identity and focus. For each $TVK token held, users would receive an equivalent amount of $VANRY, streamlining the transition to Vanar’s redefined blockchain infrastructure.

Under the leadership of founders Jawad Ashraf and Gary Bracey, Vanar Chain has continued to expand its ecosystem, leveraging the team’s extensive experience in technology, entertainment, and gaming. With its recent inclusion in NVIDIA’s Inception program and a dedicated approach to eco-friendly, high-performance blockchain technology, Vanar Chain has positioned itself as an important player in the blockchain landscape, ready to drive mass adoption within the entertainment sector.

How Does Vanar Chain Work? Architecture and Proof of Reputation

Vanar Chain’s architecture is crafted with a keen focus on high speed, cost efficiency, and ease of integration, optimized for extensive use in gaming, entertainment, and interactive applications. Built on Ethereum’s foundation, Vanar inherits the secure and established Ethereum codebase while introducing unique customizations to meet its performance objectives and drive sustainable growth. Central to Vanar’s design is its reliance on the Go Ethereum (GETH) framework as the primary execution layer, complemented by a Proof of Authority (PoA) consensus mechanism enhanced with Proof of Reputation (PoR). This layered approach not only ensures stability and scalability but also introduces a validator election process that encourages transparent and inclusive governance.

The chain’s commitment to compatibility extends through its Ethereum Virtual Machine (EVM) alignment, allowing developers accustomed to Ethereum’s ecosystem to transition effortlessly. By mirroring EVM standards, Vanar taps into a well-resourced community and an extensive library of developer tools. This compatibility grants Vanar the flexibility to adopt existing protocols and offer a familiar environment for developers, thus accelerating integration and onboarding for projects already established on EVM-based blockchains.

In deciding to create a new Layer 1 chain rather than adopting Layer 2 scaling solutions like rollups, Vanar prioritizes full control over network governance, security, and customization, enabling the platform to cater specifically to applications requiring minimal fees and high transaction speeds. Rollups, while beneficial for general scalability, often introduce transaction fees, potentially impacting Vanar’s vision of feeless, seamless user experiences for high-frequency microtransactions. Furthermore, owning a Layer 1 blockchain allows Vanar to engineer its infrastructure to support real-time applications without depending on Ethereum’s base layer, an essential feature for gaming, entertainment, and interactive applications where speed, high transaction throughput, and user accessibility are paramount.


Source: vanarchain.com

Through meticulous auditing and constant enhancement, Vanar ensures that every customization aligns not only with Ethereum standards but also with its commitment to optimal performance and rapid accessibility. Each architectural modification undergoes thorough review, guaranteeing it supports Vanar’s mission of providing a robust, scalable, and flexible ecosystem for entertainment-centric applications. Vanar’s infrastructure is designed to support widespread adoption by providing a user-friendly experience, minimal costs, and speed—a foundation further secured through the Proof of Reputation mechanism, which enhances trust and stability across its validator network.

Proof of Reputation

Vanar Chain’s Proof of Reputation (PoR) introduces a unique approach to blockchain security and validator selection that is designed for mainstream adoption. Unlike traditional consensus mechanisms like Proof of Work (PoW), which relies on computational power, or Proof of Stake (PoS), which requires financial commitment, PoR emphasizes validator credibility. By allowing only well-known, reputable entities to operate as validator nodes, PoR helps secure the network while fostering trust and reliability. This system is central to Vanar’s goal of creating a safe, widely accessible blockchain infrastructure.

PoR determines eligibility for validation based on a validator’s brand recognition and industry reputation. This model prioritizes organizations with a significant presence in either Web2 or Web3 infrastructures. By including entities with a vested interest in maintaining their reputation, Vanar mitigates the risk of fraudulent activities, as these organizations are less likely to harm their brand through malicious behavior. Furthermore, this transparency helps deter Sybil attacks, where one entity creates multiple fake identities to disproportionately influence the network.

In addition to brand-based validation, PoR encourages transparency by making each validator’s identity public. Known validators are accountable to the community, enhancing overall network security. Vanar Foundation initially manages the validator onboarding process, assessing potential validators’ reputations through predefined criteria like market position, transparency, and community feedback. The Foundation assigns an internal reputation score, continually monitored to ensure sustained performance and compliance with network rules. Poor behavior or network violations can lead to reduced privileges or disqualification, creating an ongoing incentive for validators to act responsibly.

Vanar’s PoR integrates a delegated proof-of-stake (DPoS) model, allowing token holders to delegate their VANRY tokens to chosen validators. This delegation process enables broader participation, letting stakeholders earn yield while contributing to network security. By engaging diverse participants, Vanar’s consensus mechanism remains decentralized, ensuring that no single entity gains excessive control.

Validators are rewarded based on their reputation scores, with those holding higher scores receiving greater incentives. This reward system forms a positive feedback loop, motivating validators to maintain and even enhance their reputation. PoR thus aligns validators’ interests with network security, leading to efficient governance where qualified entities uphold high standards, fostering trust among users and stakeholders.

The Proof of Reputation mechanism, supported by Proof of Authority (PoA), strengthens Vanar’s architecture by onboarding reputable stakeholders as validators. This dual-layered approach reinforces network resilience, supports reliable validation, and contributes to long-term ecosystem sustainability.

Vanar Chain Use Cases

Vanar Chain’s infrastructure is designed to address the unique demands of sectors that require fast, low-cost, and scalable blockchain solutions, particularly those involving high transaction volumes and a focus on user accessibility. With its Ethereum-compatible Layer 1 structure and eco-friendly Proof of Reputation (PoR) mechanism, Vanar Chain opens the door to a variety of use cases that benefit from its secure and adaptable ecosystem.

  • Gaming and Virtual Assets: Vanar Chain’s low-cost transactions and high-speed processing make it ideal for gaming and digital asset transactions. By allowing microtransactions without high fees, game developers can integrate blockchain-based items, marketplaces, and reward systems seamlessly, providing players with a real-time experience.
  • Decentralized Finance (DeFi): For DeFi applications, Vanar Chain’s EVM compatibility enables developers to leverage existing protocols and tools while taking advantage of Vanar’s high transaction throughput. The platform supports secure, affordable exchanges, lending, and other financial services, enhancing DeFi accessibility and usability.
  • Entertainment and Media: Vanar’s efficient infrastructure is also suited for content distribution platforms, enabling cost-effective and secure sharing of digital media like music, videos, and art. Blockchain verification ensures content authenticity, while the low transaction costs support micropayments for creators.
  • Supply Chain Management: Vanar’s robust, secure, and scalable infrastructure enables real-time tracking of goods and materials across the supply chain. Its transparency and immutability ensure reliable record-keeping, enhancing trust and collaboration among stakeholders, especially in global logistics and inventory management.

Each of these use cases highlights Vanar Chain’s capacity to support mainstream adoption across diverse sectors.

Vanar Chain Main Features

Vanar Chain is designed with advanced, community-driven features that promote innovation, sustainability, and efficient blockchain operations. Below are key features that position Vanar as a leader in the blockchain space.

The Vanar Foundation

The Vanar Foundation is the guiding entity of Vanar Chain, overseeing its development, governance, and sustainability. This organization defines and enforces protocols, consensus mechanisms, and governance standards, ensuring Vanar operates fairly and transparently. With responsibilities spanning community engagement, strategic partnerships, and support services, the Foundation also promotes environmental consciousness by mandating green energy for all validators and ecosystem participants. By supporting ecosystem projects through funding, guidance, and resources, the Vanar Foundation is instrumental in advancing the platform’s vision and impact.

Fixed Fees

Vanar Chain employs a fixed-fee model for transaction processing, ensuring predictable costs for all users. This fixed structure facilitates budgeting for projects, prevents fee spikes during peak demand, and supports transparency across the network. The First-In-First-Out (FIFO) model avoids prioritization of transactions based on fees, providing fair access for all participants. This model allows projects to plan resource allocation with precision, encouraging scalability and reliable performance, even during high traffic, enhancing trust in the ecosystem’s stability and cost-effectiveness.


Source: vanarchain whitepaper

Green Chain

Vanar Chain champions sustainable blockchain practices by integrating green energy solutions, including a partnership with Google’s eco-friendly infrastructure. This collaboration minimizes the network’s carbon footprint, leveraging renewable energy like solar, wind, and hydropower to ensure energy-efficient operations. Vanar’s commitment to green energy represents its dedication to both technological innovation and environmental stewardship, positioning the blockchain as a model for eco-friendly operations. This emphasis on sustainability aligns with a growing global focus on reducing carbon emissions across the tech industry.

Enhanced EVM Compatibility

Vanar Chain’s full Ethereum Virtual Machine (EVM) compatibility streamlines integration for projects already built on Ethereum. This feature allows developers to seamlessly port their applications to Vanar without extensive code modifications, benefiting from Vanar’s high-speed transactions and low fees. By aligning with the EVM ecosystem, Vanar Chain becomes a flexible platform for developers, fostering a rich and diverse range of decentralized applications and enhancing interoperability within the broader blockchain community. This compatibility ensures a smooth developer experience and enriches the blockchain landscape with collaborative potential.

These foundational features make Vanar Chain a comprehensive solution for developers and users looking for an efficient, sustainable, and versatile blockchain platform.

Vanar Chain Products

Vanar Chain offers a range of products designed to address modern digital demands across industries with innovative, sustainable, and user-friendly solutions.

Vanar ECO

Vanar ECO is a blockchain feature focused on energy transparency and sustainability, appealing to brands with environmental commitments. This tool provides real-time analytics on energy consumption, allowing users and businesses to make eco-conscious choices. It includes advanced machine learning for predictive analytics, essential for forecasting emissions and setting future carbon targets. With this feature, companies can achieve regulatory compliance by meeting environmental standards across jurisdictions. Vanar ECO also allows brands to measure supply chain emissions, aligning with the values of younger, eco-conscious generations who seek environmentally sound practices.


Source: vanarchain.com

Vanar Gaming

Vanar Chain’s gaming tools empower developers to leverage blockchain for a seamless gaming experience. Its micropayment system enables quick, low-cost transactions ideal for in-game purchases, making NFTs and DLCs accessible without high fees. Vanar’s digital asset marketplace tools let developers create ecosystems for buying, selling, and trading in-game items. The gaming API supports popular engines like Unreal and Unity, facilitating easy blockchain integration. With gamification modules, social wallets, and metaverse support, Vanar enhances player engagement and enables immersive gaming experiences, while multichain minting ensures interoperability for diverse digital assets.


Source: vanarchain.com

Vanar AI

Vanar AI represents Vanar’s commitment to integrating Artificial Intelligence for a smarter Web3. In gaming, generative AI creates dynamic 3D characters and environments, while interactive AI agents provide personalized digital experiences. In eCommerce, AI drives content personalization, tailoring customer engagement to individual preferences. Vanar’s avatar intelligence upgrades NPCs into responsive personas, enriching digital experiences. With cutting-edge fraud detection, identity verification, and KYC protocols, Vanar AI strengthens security. Vanar’s DApp tools further streamline development, accelerating the market readiness of blockchain applications through AI-enhanced tools.


Source: vanarchain.com

Vanar AI in Content and eCommerce

Vanar AI revolutionizes content creation and eCommerce, leveraging data-driven personalization to engage users with customized experiences. Through intelligent recommendations, Vanar AI aligns products, games, and digital content with users’ unique tastes and activities. This approach benefits businesses by increasing customer retention and enhancing user satisfaction through relevant and targeted interactions. For artists, creators, and brands, Vanar AI provides tailored content that aligns with consumer trends, maximizing brand visibility and reach. This innovative use of AI solidifies Vanar’s position at the intersection of blockchain, creativity, and technology.

Vanar Ecosystem

The Vanar Chain ecosystem is rapidly expanding through strategic collaborations that strengthen its position in blockchain, gaming, finance, and security, bringing together some of the industry’s most influential players.

NVIDIA

As a leader in AI and graphics technology, NVIDIA enhances the Vanar ecosystem by equipping developers with advanced tools and infrastructure critical for innovation in AI, the metaverse, and gaming. This collaboration provides Vanar with unparalleled computational power and resources, empowering developers to build high-performance, immersive digital experiences. NVIDIA’s expertise in machine learning and graphics opens new avenues for the ecosystem, positioning Vanar as a hub for next-generation applications in the blockchain space.

Gaming - Viva Games Studios

Viva Games Studios, known for its robust portfolio with over 700 million downloads, joins Vanar to elevate gaming experiences. With titles developed for industry giants like Hasbro and Disney, and a massive reach across 100 million mobile users, Viva Games Studios integrates Vanar’s blockchain capabilities to set new standards for in-game economies, user engagement, and digital ownership. This partnership strengthens Vanar’s gaming ecosystem and broadens its audience reach.

Finance - Emirates Digital Wallet (EDW)

In the financial sector, Emirates Digital Wallet, owned by 15 primary banks in the Middle East, integrates Vanar’s blockchain for enhanced speed, security, and efficiency. Serving over 13 million customers, EDW’s collaboration with Vanar reflects the growing demand for blockchain in mainstream finance, providing a secure and efficient framework for digital transactions within this significant user base.

Security - Immunefi

Vanar partners with Immunefi, the leading bug bounty platform in web3, to ensure top-notch security across the ecosystem. Immunefi’s high-stakes bug bounty programs and extensive hacker network safeguard Vanar’s assets, protecting blockchains, NFTs, and smart contracts. Known for rapid response times and exceptional support, Immunefi’s expertise is vital in maintaining the integrity and security of the Vanar ecosystem.

Community Engagement - Galxe

Galxe, a prominent player in Web3 community building, enhances Vanar’s ecosystem through a sophisticated rewards system. Galxe’s loyalty programs, utilized by over 14 million users, offer rewards like NFTs and loyalty points to increase user engagement. By supporting loyalty and community interaction, Galxe plays a crucial role in fostering a connected and active Web3 community within Vanar.

These partnerships represent only a fraction of Vanar’s collaborations, highlighting its broad reach and commitment to innovation across industries.

What is the VANRY Coin?

VANRY is Vanar Chain’s utility token, fueling transactions, rewards, and ecosystem governance. Its maximum supply is capped at 2.40 billion units, of which 1.66 billion are already in circulation (November 2024).

The VANRY token is the native currency powering the Vanar Chain ecosystem, evolving from Virtua’s original $TVK through a one-to-one swap. This transition to $VANRY represents Vanar’s shift towards providing affordable and accessible blockchain solutions for sectors like gaming, entertainment, AI, and branding. VANRY serves as the ecosystem’s “gas” token, facilitating transactions, covering costs for dApp access, and enabling smooth user interaction across the network.

VANRY’s tokenomics structure is designed for sustainability. With a total capped supply of 2.4 billion tokens, an initial 1.2 billion were minted within the genesis block, mirroring the original $TVK supply to ensure a seamless transition for users from Virtua to Vanar. The remaining supply will be issued gradually over two decades as block rewards, motivating validators to support network security and enhancing the ecosystem’s stability. These rewards, spread across 20 years, introduce a predictable, gradual release that prevents abrupt supply fluctuations.


Source: vanarchain.com

VANRY tokens are primarily allocated for network incentives, with 83% of the additional supply dedicated to validator rewards, 13% earmarked for development, and 4% set aside for community initiatives and airdrops. Notably, no tokens are reserved for team allocations, underscoring Vanar’s community-centered approach. In the future, VANRY holders may also gain governance rights, enabling them to participate actively in shaping the ecosystem’s development. Through its thoughtfully structured distribution model, VANRY aims to promote long-term growth and stability, securing its role as the foundation of Vanar’s expanding real-world applications.

Is VANRY a Good Investment?

VANRY has a robust structure supporting Vanar Chain’s focus on real-world applications in entertainment, gaming, AI, and branding. The project emphasizes user accessibility, eco-friendliness, and low-cost transactions, which appeal to the growing demands of Web3 integration. The VANRY token’s role in staking, governance, and covering transaction fees adds utility, making it central to the ecosystem. However, as a relatively new project, its success hinges on Vanar’s adoption rates and ability to deliver on its promises within a competitive blockchain space. Investors should carefully monitor these factors as the project evolves.

How to Own VANRY?

To own VANRY, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy VANRY.

News on Vanar Chain

On October 17, 2024, Vanar announced on its official blog the launch of the “Brainstorming Cohort,” a new initiative aimed at empowering Web3 communities through collaborative innovation. This cohort invites CTOs and NFT project leaders to participate in sessions identifying community challenges and brainstorming tailored solutions. Successful projects will be welcomed into the Vanar Communities Council, gaining dedicated DEX pools on Vanar and support with CEX partnerships. Vanar aims to provide the resources needed for Web3 communities to thrive and expand their impact.

Take Action on VANRY

Check out VANRY price today, and start trading your favorite currency pairs.

Auteur: Mauro
Vertaler: Piper
Revisor(s): Edward、Matheus
Translation Reviewer(s): Ashely
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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