Token Symbol: VANRY3L

Brief:

Vanar is an L1 blockchain designed for real world adoption, based on our years of experience working with games, entertainment and brands. Vanar incorporates a series of products, including gaming, metaverse, AI and brand solutions. Vanar's products include Virtua Metaverse and VGN games network. Vanar is powered by the VANRY token. According to Vanar team, as a pivotal aspect of the rebranding initiative and the transformation of Virtua, Vanar initiates a token transition from $TVK to $VANRY.

VANRY3L is a leveraged token that goes long on VANRY with 3x leverage, which means that for every increase in the price of VANRY in the market, the leveraged VANRY token seeks a 3x increase in its price. VANRY3L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of VANRY goes up by 1%.

Due to such rebalancing and investment costs, VANRY3L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

Official Website：https://vanarchain.com/en/

Whitepaper：https://docs.vanarchain.com/documentation-v2

Risk Disclosure:

Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.