Hi Tokonauts,
We're excited to announce the addition of two new crypto assets to our platform: Velodrome Finance (VELODROME) and Vana (VANA). This listing aims to provide a wider range of trading opportunities and a more rewarding experience for all Tokocrypto users.
VELODROME trading with the VELODROME/USDT pair will open on December 16, 2024, at 11:00 WIB, while VANA trading with the VANA/USDT and VANA/BNB pairs will commence at 17:00 WIB on the same day.
About Velodrome Finance (VELODROME)
Velodrome Finance is a decentralized exchange (DEX) and liquidity protocol custom-built for the Optimism blockchain ecosystem. Focused on efficiency and low fees, Velodrome offers innovative DeFi solutions.
With seamless token swaps and liquidity incentives powered by the native VELODROME token, the platform has become a cornerstone for decentralized trading and liquidity on Optimism. Led by Alexander Cutler, the team behind Velodrome is known for its innovative approach to improving DeFi efficiency and security.
Key Features of Velodrome Finance:
- Automated Market Maker (AMM): Velodrome serves as an advanced AMM on the Optimism Layer 2 blockchain.
- Vote-Escrowed Governance System: VELODROME token holders can lock their tokens into veVELO to gain voting rights in platform governance.
- Innovative Liquidity Incentives: Velodrome enables external protocols to offer additional incentives, known as bribes, to attract liquidity to specific pools.
- Sustainable Tokenomics: Velodrome adopts a long-term VELODROME token emission strategy to foster ecosystem stability.
VELODROME Tokenomics
The VELODROME token has a market capitalization of approximately $28.9 million USD with a circulating supply of 327.7 million tokens out of a total maximum supply of 1 billion tokens. In addition to being a utility token, VELO also serves as a governance tool on the Velodrome platform. veVELO holders can influence token emission decisions and other protocol governance.
Details:
Velodrome Finance (VELODROME) Website
About Vana (VANA)
Vana is a decentralized platform focused on AI data sovereignty, empowering users to have greater control over their digital data and identity. The platform utilizes the native VANA token for transactions, staking, and governance within the Vana ecosystem. This token incentivizes network participation and allows holders to vote on crucial decisions regarding the platform's future direction.
Background and Vana Team
Founded in 2018 as an MIT research initiative, Vana was born out of the need to address data scarcity in AI research. The project is now backed by the Open Data Foundation and prominent investors such as Paradigm and Coinbase Ventures.
Tokenomics
The VANA token has a maximum total supply of 120 million VANA, with an initial supply of 93.87% of the total supply. Approximately 25.07% of the total supply will be circulating when the token is listed on Binance. Beyond being used for gas fees, the token enables network governance and incentivizes data contributions through a Proof of Contribution (PoC) mechanism.
With this approach, Vana grants users full control over their data while ensuring that data is secure, private, and monetizable for AI model training.
Details:
Vana (VANA) Website
Note:
- Crypto assets are a high-risk investment. Always conduct your own research before investing.
- This article is for informational purposes only and should not be construed as investment advice.
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