VaraNetwork (VARA)

VaraNetwork (VARA) Price

Rank 1567

$0.0005295
-$0.0000075(-1.41%)

Market Cap

$3.60M

24h High

$0.0007614

24h Low

$0.0005192

24h Turnover

$9.53K

Total Supply

10.00B

Market Sentiment

Neutral

VaraNetwork (VARA) Price Performance

View VaraNetwork (VARA) Price Prediction

VaraNetwork (VARA) has a Last Price of $0.0005295, with a 24h change of -1.41%. The 24h low is $0.0005192, the 24h high is $0.0007614, and the 24h turnover is $9.53K. The current market cap is approximately $3.60M, ranking 1567 by market cap and accounting for 0.0001% of the total crypto market cap. The All-Time High is $0.2700700 (⁦2023-09-20⁩), with a change from the All-Time High of -99.80%.

  • 7 Days

    +3.19%

    Low
    $0.0004955
    High
    $0.0008360
  • 30 Days

    -17.44%

    Low
    $0.0004876
    High
    $0.0009316
  • 90 Days

    +26.64%

    Low
    $0.0003665
    High
    $0.0010183
  • 1 Year

    -75.93%

    Low
    $0.0003665
    High
    $0.0023400

Fear & Greed Index

0 Extreme Fear100 Extreme Greed
Yesterday
55
Normal
Last Week
62
Greed
Last Month
70
Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did VaraNetwork (VARA) Fall in the Last 24 Hours?

The decline may have been influenced by two factors. A claim circulating on social media said that an AI fund associated with VARA sold assets after locking in losses, prompting withdrawals from related assets; however, the event signal was weak and does not confirm that a sale occurred or establish its scale. Concerns about CoreWeave’s debt may also have contributed to a reassessment of risk across the AI sector, but this is broader industry context rather than a direct VARA event. The top-five-level order-book depth ratio was 1.12, indicating broadly balanced depth with a slight bid-side advantage and no marked one-sided imbalance. Bid and ask quantities were 400,855 and 356,849 units, respectively, and the largest individual orders were each about one-third or less of the depth on their respective sides. A change to crypto-advertising eligibility in the UAE concerns the VARA regulatory framework, not the VARA token, and was neutral to positive in direction. Without volume, technical-indicator, or fundamental data, the available figures cannot verify the rumor or determine its specific contribution to the decline.

About VaraNetwork (VARA)

The Vara Network stands at the forefront of Web3 evolution, providing an environment for developers to craft decentralized applications (dApps). At its core, Vara amalgamates the prowess of the Actor Model and Persistent Memory within its architecture. The Actor Model facilitates secure, asynchronous communication through 'actors,' bolstering the network's security by ensuring state isolation and asynchronous messaging. Concurrently, Persistent Memory revolutionizes data handling by allowing each program's complete state to reside in dedicated memory spaces, simplifying development and closely emulating real-life operating systems. This innovative combination amplifies network efficiency and security, setting Vara apart as a platform for building next-gen dApps.

Use Cases and Features

VARA is the native token of Vara Network. Vara is an independent Layer 1 network built on Gear Protocol for running decentralized applications; holders can use VARA to pay transaction fees for transfers and smart-contract interactions, and can support validators through staking to help maintain network security. VARA is also used for on-chain governance: holders can vote or delegate their votes to participate in network upgrades and rule decisions. Network documentation labels it as being in the Beta stage, so potential technical risks should still be considered when using applications.

Supply and Issuance Mechanism

VARA's initial total supply is 10 billion tokens. The network incentivizes validators and their nominators through block rewards, and new issuance varies with participation by stakeable tokens. In the initial allocation, team, advisor, and investor tokens are each locked for 12 months before unlocking linearly according to their respective schedules; the network also designed an inflation-offset pool to offset part of reward issuance by burning tokens.

How to Buy and Use VaraNetwork (VARA)

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Frequently Asked Questions About VaraNetwork (VARA)

What is VARA?

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What is VARA used for on the network?

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How does staking VARA help the network?

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Can holding VARA enable participation in governance?

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How is VARA issued and unlocked?

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Do network rewards affect the VARA supply?

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What should be considered when using VARA?

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Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

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