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Bitvavo makes Vanar Chain as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Vanar Chain (VANRY) is a layer 1 blockchain focused on real-world practical applications. It's led by a team with experience in the gaming, entertainment, and branding industries. The Vanar Chain ecosystem includes the metaverse, artificial intelligence, and gaming. The aim is to offer innovative solutions for both the digital and analog worlds using all these modern technologies.
The decentralized ecosystem of Vanar Chain uses the blockchain as its foundation. The platform emphasizes gaming, entertainment, and branding. Key components of the Vanar ecosystem include Virtua Metaverse and Virtua Games Network (VGN). Players can immerse themselves in these virtual game worlds, play various games, and interact with each other.
Vanar Chain addresses the rising demand for practical uses of digital currency. It is a dynamic ecosystem where digital and physical experiences are interconnected. This means there is an increasing number of blockchain applications for everyday and practical purposes. For instance, in various blockchain games today, it's possible to purchase real items from e-commerce stores using crypto. Additionally, some video game developers are already earning royalties through the sale of gaming products in the metaverse.
Vanar Chain (VANRY) was co-founded by Jawad Ashraf, an entrepreneur boasting over thirty years of experience in the tech world, viewing crypto and blockchain as a compelling challenge. Ashraf is also the co-founder and CEO of the Web3 platform Virtua. Naturally, this entrepreneur isn't working alone. He is supported by Gary Bracey, a veteran of the video game industry, with over 35 years of experience in the gaming and tech domains and several BAFTA nominations to his name. As a co-founder of Virtua and Vanar Chain, Bracey leverages his extensive knowledge of digital product management. Thus, he significantly influences the platform's strategic direction, in collaboration with the team.
Entering the Vanar Chain ecosystem presents a wealth of opportunities in gaming and technology. Here’s an overview of all user possibilities on Vanar Chain:
Vanar Chain is a layer 1 blockchain focused on innovation. It targets modern technologies like AI, the metaverse, blockchain, and NFTs. The VANRY token symbolizes this forward-thinking approach. For the team behind this platform, innovation means more than just technological advancement. The platform aims to connect the digital realm of the metaverse and gaming with real-world experiences. Blockchain technology is indispensable in this process. On Vanar Chain's decentralized network, digital transactions occur without the intervention of authorities. Additionally, all network data is securely stored.
Virtua Metaverse is a core product of Vanar Chain. Without this digital world, the project has no foundation. In the Virtua Metaverse, players have the opportunity to trade digital products. Consider in-game items or NFTs, for example. Additionally, there is an extensive network of VGN games. This is a crucial tool for game developers, as they are free to develop anything in the ecosystem: from digital scavenger hunts to exclusive game lounges. All of this is possible even before the game is officially released.
Staking on Vanar Chain provides crypto investors the opportunity to earn passive income while supporting the network. Staking involves locking your digital assets to aid the network's operation. In return, you earn rewards. By holding VANRY tokens in a wallet, you help improve the ecosystem's security and stability. This can be done through staking pools or, for instance, by lending out tokens. In exchange, a user receives interest.
The return from crypto staking sometimes reaches up to 20 percent. Your exact annual earnings depend on the cryptocurrency. Always carry out thorough research before you start staking coins. Market fluctuations can affect the value of the tokens. Nevertheless, it is easy to start staking - all you need is a wallet that supports VANRY tokens.
Vanar Chain integrates gaming, entertainment, and blockchain into one, but that's not the only unique feature of this platform. The following characteristics also make it stand out from other blockchain platforms:
Want to buy Vanar Chain (VANRY)? VANRY is available for purchase at Bitvavo, a platform suitable for beginner and experienced traders. Follow these steps to buy VANRY via our website or mobile app:
The cost of VANRY tokens is directly linked to the exchange rate. After purchase, the tokens are automatically added to your Bitvavo account, where you can easily manage and trade them. You can also see at a glance how much the cryptocurrency is worth. Keep a close eye on the news to stay updated on developments in the crypto market.
Would you like to store your VANRY tokens securely and reliably? You can do this through your Bitvavo account. The exchange keeps the majority of customer balances in secure and offline cold storage. In addition to these security measures, we advise using two-factor authentication (2FA) as an additional security measure, meaning you will enter an extra code along with your password when logging in.
Activating 2FA is simple. Just download an app like Google Authenticator and link the app to your Bitvavo account. A code will then appear on the screen, allowing you to log in. This code changes every minute to guarantee complete security.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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Trading digital assets involves significant risks. Digital assets are highly volatile and you may lose some or all of your investment. The information on this page does not constitute advice, and should not be relied upon as such. Bitvavo is authorized as a crypto-asset service provider under Regulation (EU) 2023/1114 (MiCA) by the Autoriteit Financiële Markten (AFM), Vijzelgracht 50, 1017 HS Amsterdam. More info can be found in our Risk Disclosure.
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