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What is the project about? Vara Network is a substrate-based future proof smart contract platform that is fast, scalable, and makes it simple to create and deploy next-generation Web3.0 dApps Vara is the first standalone network in the Gear Protocol Gear is a next-gen cloud infrastructure platform providing most intuitive and frictionless environment for web2 and web3 developers to build complex infrastructure solutions and disruptive dApps for any ecosystem What makes your project unique? Vara is built upon three core concepts: The actor model, and persistent memory — two widely adopted primitives from massive computation and microservices architecture spaces Wasm — a WebAssembly-based virtual machine that runs on all modern browsers. Proven to be faster than any alternative web2 virtual machines Vara was created to serve as a wasm-native hub for innovative protocols that leverage parallel execution and asynchronous programming to deliver leading decentralized products in any segment History of your project. Gear Protocol and the Vara Network were originally created by Nikolay Volf, one of the core developers of Polkadot. In 2021, he embarked on building an advanced layer 1 smart contract platform using Substrate, Polkadot's custom framework. His vision included creating a platform that enables fast and efficient execution of robust, feature-rich dApps while in a seamless development environment similar to that of Web 2.0 development. He did this by harnessing the power of innovative technologies like Wasm, the Actor Model, and Persistent Memory. These technologies significantly enhance smart contract development and provide a seamless end-user experience and provide the foundation for the development of Vara Network. 1. Q2 2021 - Pre-Seed Round: In the second quarter of 2021, the Protocol secured its initial funding through a pre-seed round. This likely involved seeking investment from early-stage investors or venture capitalists to kickstart the development of the project. 2. Q4 2021 - Seed Round: In December 2021 raised $12 Million in Venture Round. Private investment round led by Blockchange Venture. In addition to Blockchange, other top venture capital funds participated in this round, including Three Arrows Capital, Lemniscap, Distributed Global, LAO, Mechanism Capital, Bitscale, Spartan Group LLC, HashKey, DI Ventures, Elysium Venture Capital, Signum Capital and P2P Economy lead by Konstantin Lomashuk, along with a number of top executives of Web3 Foundation and Parity Technologies. Dr. Gavin Wood, Founder and ex-CEO of Parity Technologies and one of the key individual investors participating in this round. 3. 2022 - Intensive Scaling and Development, First Test Integrations: Throughout the year 2022, Vara was focused on two primary activities. First, the engagement in an extensive outreach process to build up the team. Second, the project advanced its technical development efforts and started working on integrating their technology with various test environments to ensure its functionality and viability. 4. Q4 2022 - Testnet Launch. 5. Q1 2023 - PoA Launch: In the first quarter of 2023, Vara achieved launch of its Proof of Authority (PoA) consensus network, which is a chain candidate for mainnet. Current Status of Vara: Presently, the project boasts a talented and diverse decentralized workforce, consisting of dozens of engineers and other community members to drive the project's success. One of the remarkable aspects of Vara is its substantial pipeline of initiatives with over 40 projects. What’s next for your project? Current projects being researched and developed by the community: - Intensive testing and improvement of the actor model features in the blockchain space - Launch of the key stack of dApps in our parallel and asynchronous environment - Development of innovative infrastructure solutions (e.g offchain zk actors including machine learning) independently and together with the segment leaders What can your token be used for? VARA tokens maintain core utility features required for the network to operate: transaction fees staking and network security governance other: gas pools for gas reservation Contributors to the Gear protocol are exploring the mechanics of how to distribute a portion of block rewards directly toward dApp developers
The current price of 1 Vara Network in USD is $0.01304.
This price is currently -95.15% than its all-time high (ATH) of $0.2701,
and 8.20% than its all-time low (ATL) of $0.01210.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions,
investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Vara Network’s price.
The market capitalization of Vara Network is $27,587,563.00 as of today.
Vara Network is currently ranked #985 in the market, and this market cap is calculated by multiplying the current price of Vara Network with the circulating supply.
The circulating supply of Vara Network is 2,117,317,962, meaning there are 2,117,317,962 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Vara Network in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Vara Network’s official platforms.
The trading volume of Vara Network today is $1,846,629.00.
This represents the total value of Vara Network transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token.
As of now, Vara Network is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.
The trading volume metric, which plays a vital role in market assessment, reveals the extent of Vara Network's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.
Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Vara Network to make well-informed trading decisions.
The all-time high (ATH) price of Vara Network is $0.2701.
This ATH was reached on 21 Sep 2023, marking the highest value ever for Vara Network in the market.
Currently, Vara Network is lower than its ATH by -95.15%,
reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Vara Network, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.
The all-time low (ATL) price of Vara Network is $0.01210.
This ATL was reached on 22 Feb 2025, marking the lowest value ever for Vara Network.
Currently, Vara Network is higher than its ATL by 8.20%,
reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Vara Network, offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.
To buy Vara Network, you can follow these steps:
1. Choose a Cryptocurrency Exchange: Vara Network is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Vara Network against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Vara Network.
4. Place an Order: After funding your account, navigate to the Vara Network trading pair (e.g., Vara Network/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Vara Network in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Vara Network.
We make every effort to provide the latest market data. However, we cannot guarantee its absolute accuracy.
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