Vanar Migrates Infrastructure to Base Starting Next Tuesday, 1:1 Token Conversion Confirmed

According to BlockBeats, on July 25, Layer 1 project Vanar announced that its infrastructure migration to Base will begin next Tuesday (July 29). The project advised users currently staking VANRY tokens to unstake before the transition and wait for cooldown periods to expire before claiming tokens.

Vanar confirmed that existing VANRY token holders will participate in a 1:1 migration, with holdings remaining unchanged. However, the total VANRY supply will increase from 2.4 billion to 10 billion tokens, with approximately 62% locked at the time of migration. Upon completion, Vanarchain validator staking will cease.