Vanar Coin (VANRY) is the native cryptocurrency and gas token for the Vanar Chain, a Layer 1 blockchain optimized for entertainment, AI, and Metaverse applications. Formerly known as Terra Virtua Kolect (TVK), it powers transaction fees, smart contracts, and marketplace activities in a sustainable, eco-friendly ecosystem.
Key Aspects of Vanar Coin (VANRY):
Usage Examples: Used to pay for transaction fees on the network, facilitate smart contract execution, participate in governance, and purchase, sell, or trade virtual goods and NFTs within the Vanar ecosystem.
Rebranding: Rebranded from TVK to VANRY on December 1, 2023, reflecting its transition to a broader, native Layer 1 blockchain.
Ecosystem Focus: Specifically targets gaming, AI-powered systems, and metaverse experiences, including partnerships like NVIDIA to drive innovation.
Synonyms/Related Terms: Often referred to as VANRY token, Vanar Chain token, or by its former ticker, TVK.
Sustainability: Utilizes a Proof-of-Stake (PoS) consensus mechanism to maintain a low environmental footprint.
The network aims to provide a fast, secure, and scalable infrastructure for Web3, supported by a strong focus on AI-driven data retrieval and user engagement.
