Vanar Chain
VANRY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Vanar Chain (VANRY) is undergoing a major, disruptive strategic migration away from its proprietary Layer-1 blockchain to Coinbase's Base network, resulting in the wind-down of native L1 development (leading to an insufficient data score of -1.0 in Active Development). The migration introduces severe tokenomics risks, notably expanding total supply from 2.4 billion to 10 billion tokens, creating substantial future dilution and overhang despite a 1:1 holder swap. Market structure is deeply impaired, trading 99.9% below all-time highs with micro-cap liquidity and severe aggregator data inconsistencies. Security posture is deficient, lacking verified third-party audits and suffering recent hostile exchange delistings, specifically KuCoin on August 14, 2026, and Bitvavo on August 27, 2026. While the team is publicly identified with corporate structure in Dubai, the legacy token instance faces deprecation and exchange fragmentation during the migration window.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Vanar Chain (VANRY)
Vanar Chain (VANRY), originally launched as Terra Virtua Kolect (TVK), is a cryptocurrency project undergoing a migration from its proprietary Layer-1 blockchain to Coinbase's Base network. Operated by VANRY Technology DMCC in Dubai, United Arab Emirates, under the leadership of co-founders Jawad Ashraf and Gary Bracy, the project traces its operational history back to 2017. Following an announcement in July 2026, Vanar Chain began winding down native Layer-1 development following its v1.1.7 release to execute a 30-day migration window to Base between August 11 and September 10, 2026.
Under the migration structure, existing VANRY holders are offered a 1:1 token swap, accompanied by an expansion of total token supply from 2.4 billion to 10 billion tokens. Approximately 62% of the newly expanded supply is allocated to ecosystem incentives, developer grants, infrastructure, and partners, subject to a 60-month vesting schedule post-cliff. The transition to Base terminates native validator staking on the Vanar Layer-1 network. Remaining token utility is designated for transaction fees, access to AI tools such as Neutron and Kayon, tool subscriptions, and corporate-led governance proposals.
The project has experienced significant operational challenges, market declines, and security vulnerabilities. VANRY has declined roughly 99.9% from its historical all-time high of $1.22. In August 2026, the token faced several hostile exchange actions related to the migration, including a full delisting by KuCoin on August 14, a Special Treatment (ST) risk warning from BYDFi on August 19, and a delisting by Bitvavo on August 27 that auto-converted remaining user balances to EUR. In addition, the project lacks documented third-party security audits, and records reference an on-chain hacking incident that exposed deficiencies in security auditing, transaction monitoring, and emergency response, with specific loss figures remaining undisclosed.