The current real-time price of VARA is $0.0010. In the past 24 hours, VARA has traded between $0.0010 and $0.0011, showing strong market activity. The all-time high of VARA is $0.2700, and the all-time low is $0.0008.
From a short-term perspective, the price change of VARA over the past 1 hour is , over the past 24 hours is -5.20%, and over the past 7 days is -7.63%. These figures provide a quick overview of the latest price trends and market dynamics of VARA on LBank.-19.23%
The live price of VARA today is $0.0010, with a current market cap of $5.344M. The 24-hour trading volume is 120K. The price of VARA to USD is updated in real time.
Before deciding whether to buy or sell VARA, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s VARA technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for VARA.
How much will VARA be worth tomorrow, next week, or next month in ? What about your VARA assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! VARA Price Prediction
To learn more about VARA, consider exploring other resources such as the whitepaper, official website, and other published information:
Vara Network is a stand-alone Layer-1 decentralized blockchain built on the Gear Protocol and the Substrate framework. It is specifically designed for high-performance decentralized applications (dApps). Unlike the sequential processing found in the Ethereum Virtual Machine (EVM), Vara utilizes a Wasm-native environment and the Actor Model. This architecture allows for parallel processing, meaning the network can execute multiple transactions simultaneously, leading to significantly higher scalability and speed.
No, there is no connection between the two. VARA is the ticker symbol for the Vara Network blockchain token. In contrast, the Virtual Assets Regulatory Authority (VARA) is the government body that regulates the crypto industry in Dubai. Despite sharing the same name, they are entirely separate entities with different purposes and jurisdictions.
The VARA token serves three core functions: it is used to pay gas fees for transactions and smart contract execution, it secures the network through a Nominated Proof-of-Stake (NPoS) mechanism, and it enables holders to participate in governance by voting on network updates. The total supply is capped at 10 billion tokens, with a significant portion managed in an Inflation Offsetting Pool to ensure long-term supply stability and offset rewards-based inflation.
Users can stake VARA using a supported Substrate-compatible wallet and the official staking dashboard. To act as a nominator, users can start with as little as 1 VARA in a staking pool or 50 VARA for direct nomination. To become a validator, a minimum self-bond of 100,000 VARA is required. Staking rewards are calculated and distributed every 12-hour 'Era.' When a user decides to unstake, there is a 7-day unbonding period before the tokens become transferable.
The Actor Model is a communication framework where smart contracts (actors) exchange asynchronous messages, preventing the 'state bottlenecks' common in traditional blockchains. Persistent Memory further enhances this by allowing smart contracts to retain their state in memory without needing frequent database reads or writes. These features work together to provide high-speed execution and efficiency, making the network ideal for complex, real-time applications.
Vara offers 'Gasless' transactions via Gas Pools, where developers can pre-fund contract costs so that end-users do not need to hold VARA tokens to interact with the app. This creates a seamless experience similar to traditional Web2 applications. Additionally, Vara includes a ZK-powered bridge for transferring assets between Vara and Ethereum. The network is primarily optimized for high-speed use cases, such as Web3 gaming and high-frequency DeFi applications.
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