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Vara

VARA

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About Vara

VARA is the native token of the Vara Network, a blockchain network built on Gear Protocol. The Vara Network allows developers to seamlessly build and deploy decentralized applications. VARA tokens can be staked to secure the network. VARA tokens can also be used to pay network gas fees and participate in governance.

Vara Network (VARA) is a standalone layer-1 decentralized network that forms part of the Gear Protocol. Launched in 2021, Gear Protocol is a new cloud infrastructure platform that aims to provide an environment for web2 and web3 developers to build infrastructure solutions and decentralized applications (dApps) for any ecosystem. Vara Network is built upon three core concepts: the actor model, persistent memory, and Wasm, a WebAssembly-based virtual machine. The network aims to serve as a wasm-native hub for protocols that utilize parallel execution and asynchronous programming to deliver decentralized products in any segment.

Vara Network operates using the actor model and persistent memory, two widely adopted primitives from massive computation and microservices architecture spaces. It also utilizes Wasm, a WebAssembly-based virtual machine that runs on all modern browsers. This combination allows for parallel execution and asynchronous programming, enabling the network to handle complex computations and deliver decentralized applications. Vara Network also aims to provide a library for building dApps using pre-built constructs, including arbitrary async/await syntax for any programs built on Rust. This allows developers to write, compile, test, and upload their contracts directly onto Vara Network from their browser.

Vara Network aims to support a wide range of use cases. It can be used to build gaming projects, aiming to enhance the gaming experience. It can also be used for financial applications, aiming to provide transaction throughput and responses for payment and financial applications. Other potential use cases include tokenizing real-world assets and managing supply chains. Vara Network also aims to provide solutions for games, addressing challenges. Furthermore, it aims to offer solutions for finance applications, addressing issues.

Vara Network was launched as a standalone network in the Gear Protocol in 2021. Gear Protocol is a new cloud infrastructure platform that aims to provide an environment for web2 and web3 developers to build infrastructure solutions and applications for any ecosystem. Since its inception, Vara Network aims to serve as a wasm-native hub for protocols that leverage parallel execution and asynchronous programming to deliver decentralized products in any segment. The network's mainnet went live on September 19, 2023, marking a milestone in its development.

Market

France Market Stats

Market cap

€41.8M

Volume (24h)

€452,448.12

Circulating supply

510.6M VARA

Typical hold time

9 days

Popularity

#644

All time high

€0.31

France Market performance

Price change (1h)

-0.59%

Price change (1d)

-4.3%

Price change (1w)

+7.41%

Price change (2w)

-13.01%

Price change (1m)

-15.87%

Price change (1y)

-73.15%

France News about Vara

Blockworks • May 08, 24

After billionth Bitcoin transaction, a look at the network’s evolution

Bitcoin could become “the supreme base settlement layer” as its DeFi capabilities grow, industry founder says

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DL News • May 08, 24

AI-hungry tech giants can’t build fast enough. They’ll need Bitcoin miners to help

Bitcoin miners are diversifying into AI computing — which could prove a lucrative source of revenue that isn't dependent on Bitcoin.

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Bitcoin Magazine • May 08, 24

Bitcoin Lightning Wallet ZEUS Isn’t Going Anywhere

Evan Kaloudis, the US-based founder of ZEUS, believes that now is the time to take a stand and fight for KYC-free bitcoin self-custody wallets.

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Bitcoin Magazine • May 08, 24

Ordinal Derangement Syndrome (ODS) Is a Real Phenomenon

As a neutral observer from Bitcoin Magazine, I address the misconceptions and dismissive attitudes towards Ordinals in the Bitcoin community, revealing the overlooked complexities and potential within what I term 'Ordinal Derangement Syndrome' (ODS).

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The Uma Project • May 08, 24

Gitcoin has integrated oSnap

Tldr; Gitcoin DAO, the group that oversees the public goods funding platform Gitcoin, now uses oSnap to distribute treasury payments. With oSnap’s total value secured now at $689 million, this move signals oSnap’s growing standing in the DAO ecosystem.Key takeaways:Gitcoin DAO has deployed oSnap ...

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Bitcoin Magazine • May 08, 24

El Salvador's Bitcoin Beach Launches Campaign To Advance Circular BTC Economies Worldwide

This campaign seeks to replicate Bitcoin Beach's success in more communities worldwide.

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Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Vara is on the rise this week.

The price of Vara has decreased by 0.59% in the last hour and decreased by 4.30% in the past 24 hours. Vara’s price has also risen by 7.41% in the past week. The current price is €0.0816 per VARA with a 24-hour trading volume of €452.45K. Currently, Vara is valued at 73.44% below its all time high of €0.31. This all-time high was the highest price paid for Vara since its launch.

The current circulating supply of Vara is 510,556,167 VARA which means that Vara has as total market cap of 510,556,167.

FAQ

What is the current price of Vara?

We update our Vara to EUR currency in real-time. Get the live price of Vara on Coinbase.

What is the market cap of Vara?

The current market cap of Vara is €41.75M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Vara?

The all-time high of Vara is €0.31. This all-time high is highest price paid for Vara since it was launched.

What is the 24 hour trading volume of Vara?

Over the last 24 hours, the trading volume of Vara is €452.45K.

What other assets are similar to Vara?

Assets that have a similar market cap to Vara include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Vara are there?

The current circulating supply of Vara is 511 million.

What is the typical holding time of Vara?

The median time that Coinbase customers hold Vara before selling it or sending it to another account or address is 9 days.

What is the relative popularity of Vara?

Vara ranks 25 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy Vara on Coinbase?

Yes, Vara is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Vara guide.