Vanar Announces Migration to Base, Total Token Supply of VANRY Increased to 10 Billion

Vanar has released an announcement stating that it will no longer solely operate as a Layer 1 blockchain but will instead focus on building an AI Organizations economy and migrate to the Base chain. Regarding tokens, existing VANRY holders will migrate at a 1:1 ratio, with their holdings remaining unchanged. However, the total supply will increase from 2.4 billion to 10 billion tokens to support incentives for the AI Organizations ecosystem, developers, partners, and infrastructure development. During the migration phase, 62% of the total supply will remain locked. The newly added portion will have a "cliff period" and a 60-month vesting schedule, meaning it will take five years for the entire allocation to be fully distributed. After the cliff period, approximately 1% of the total allocation will be released monthly.