Vanar migrates to Base, total VANRY supply increases from 2.4 billion to 10 billion

Odaily AI infrastructure project Vanar has announced its migration to the Base network. The positioning of the VANRY token will shift from supporting blockchain infrastructure to coordinating and incentivizing the AI Organizations ecosystem.

Vanar stated that it is building an AI Organization economic system, enabling functions such as product development, service delivery, order processing, USDC settlement, and reputation recording through organization-level AI agents. The team believes that the core bottleneck for future AI development will shift from model capabilities to identity, trust, memory, and organizational structure.

Regarding the token migration, existing VANRY holders will migrate at a 1:1 ratio, meaning their holdings will not change. 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.

According to the official statement, 62% of the total supply will remain locked initially. Newly allocated tokens will adopt a lock-up and 60-month linear release mechanism, with the full release cycle expected to be 5 years.

Additionally, Vanar will terminate the validator node staking mechanism on Vanarchain and integrate its infrastructure into the Base network. The team plans to launch the Vanar Genesis event on August 3rd, where the first batch of AI Organizations will go live, alongside a reward pool of 100 million VANRY tokens to incentivize high-performing ecosystem projects.