Vanar to migrate to Base, expand VANRY supply to 10 billion
The AI infrastructure project said existing holders will move over on a 1:1 basis as it shifts VANRY toward coordinating incentives for an AI Organizations ecosystem.
Fact Check
The claim is corroborated by an official Vanar X post (@Vanarchain, 2026-07-23) and multiple independent outlets (panewslab, phemex, coinness) that trace back to that announcement. All report the core facts: migration from Layer 1 to Base, VANRY supply expansion from 2.4B to 10B, 1:1 migration for existing holders, and VANRY's role shift toward coordinating incentives for an AI Organizations ecosystem. There is no conflicting evidence.
Summary
Vanar said it will move to the Base network and recast VANRY’s role from supporting blockchain infrastructure to coordinating and incentivizing an AI Organizations ecosystem. Existing holders are set to migrate on a 1:1 basis. Total token supply will increase from 2.4 billion to 10 billion, with 62% initially locked, while new allocations will vest linearly over 60 months. The project also plans to launch a 100 million VANRY reward pool at the August 3 Vanar Genesis event.
Terms & Concepts
- Base network: Ethereum layer-2 scaling network
- vesting: Gradual token release over time
- reward pool: Tokens reserved for incentives