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Binance has announced its 62nd project for Launchpool, which has led to a remarkable 78-fold increase in a different altcoin due to name similarity. In cryptocurrencies with low liquidity, exaggerated speculative rises often occur under the pretext of name resemblance. This situation raises questions about which altcoin Binance will list and conduct an airdrop for.
Binance Airdrop and Listing
Binance has provided the good news of listing the EVM-compatible layer 1 network VANA. Additionally, as part of Binance Launchpool’s 62nd project, investors can also benefit from an airdrop. With the Launchpool screen set to open in 12 hours, investors can stake BNB and FDUSD for two days to earn their airdrop allocations.
Listing Details and Token Distribution
The listing will occur on December 16. Binance will activate trading pairs for VANA Coin, including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. The listing will be tagged as a seed, indicating a warning for high volatility.
The Genesis token supply will be 112,641,600 VANA (93.87% of the maximum token supply), with 4% (4.8 million tokens) distributed as rewards to investors. At the time of the listing, the circulating supply will be approximately 30.084 million (25% of the total supply).
Following the Binance announcement, the token VANA (NIRVANA) experienced a significant 78-fold increase due to name similarity, supported by low liquidity. However, this token is unrelated to the altcoin that Binance will list.
