Nirvana Token Soars 2700% by Mistake: The Real Story Unveiled

How Binance's VANA Launchpool Led to Nirvana Token's 2700% Jump

A Forgotten Token Rises 2700% Thanks to Binance VANA Listing Buzz

In a stunning turn of events, the Nirvana project’s token, VANA, exploded in value, surging by up to 2700% after a major announcement by Binance Launchpool. The buzz wasn’t even about this specific token, but the sheer misunderstanding fueled the meteoric rise.

Binance Sparks a Frenzy

The chaos began when Binance revealed it would list a new token from the Vana explorer—a native EVM-compatible L1 blockchain token supporting user-owned data—on Dec. 16 at 10:00 UTC. But here’s the kicker: the Nirvana project’s VANA token has no connection to the one Binance plans to list. Yet crypto traders, seemingly confused, flocked to the Nirvana token, mistakenly associating it with the Binance announcement.

A 2700% Surge for a Dormant  VANA Token

Since the announcement, the Nirvana project token saw its value soar wildly by 2700%, forming a dramatic candlestick on the charts. 

At the time of writing, the token is still holding onto gains of around 965.38% from the past 24 hours. The trading volume of NIRVANA (VANA) nears $989,743 in the last 24 hours, signalling a recent rise in market activity. The market cap stands at around $989,743

VANA is currently trading at $0.00125 - an astonishing comeback for a token whose associated X (formerly Twitter) account has been silent since June 2024.

Binance’s VANA: Not What You Think

The real token Binance is listing comes from the Vana network, a metaverse-driven blockchain ecosystem. It markets itself as “the first open protocol for AI data sovereignty,” focusing on empowering user-owned decentralized data transactions. The native token has not been launched yet, but its ecosystem plans are ambitious.

According to Binance, trading pairs for the new VANA token—VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY—will go live on Dec. 16 at 10:00 UTC. To manage demand, Binance has implemented hourly caps: 8,500 VANA per user for the BNB pool and 1,500 VANA for the FDUSD pool.

Farming Rewards and Tokenomics

Binance also supports VANA farming, allocating 2.4 million tokens in daily rewards. With a maximum supply of 120 million tokens, the network has distributed its allocation as follows:

• 44% for the Vana community (36-month unlocking period)

• 22.9% for the ecosystem (48-month unlocking period)

• 18.8% for core contributors

• 14.2% for investors

A Mistake That Revived a Token

The Binance Launchpool announcement brought a nearly forgotten token back to life. While the Nirvana project’s VANA token has no connection to Binance’s listing, the hype turned it into an overnight sensation.

For the crypto community, this serves as a stark reminder: always check the facts before jumping into the market frenzy. The actual VANA token debuts Dec. 16—this time, make sure it’s the right one.