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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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Vara

VARA

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

•

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

•

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

•

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

•

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

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.

Resources

Whitepaper
Official website

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.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£7.9M

Volume (24h)

£274,977.43

Circulating supply

633.2M VARA

Typical hold time

12 days

Popularity

#1042

All time high

£0.25

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.75%

Price change (1d)

-0.12%

Price change (1w)

-3.17%

Price change (2w)

-13.62%

Price change (1m)

-33.01%

Price change (1y)

-68.84%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Vara on social media

119 unique individuals are talking about Vara and it is ranked #1,890 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Vara has an average sentiment score of 3 out of 5. Finally, Vara is becoming more newsworthy, with 0 news articles published about Vara. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Vara. There were 33.33% of tweets with bullish sentiment compared to 13.33% of tweets with a bearish sentiment about Vara. 53.33% of tweets were neutral about Vara. These sentiments are based on 15 tweets.

On Reddit, Vara was mentioned in 0 Reddit posts and there were 0 comments about Vara. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

119 people

Posts

6 posts

Dominance

0.01%

Volume rank

#1,890

Average Sentiment

3 out of 5

Twitter

Vara is on the decline this week.

The price of Vara has increased by 0.75% in the last hour and decreased by 0.12% in the past 24 hours. Vara’s price has also fallen by 3.17% in the past week. The current price is £0.0125 per VARA with a 24-hour trading volume of £274.98K. Currently, Vara is valued at 95.10% below its all time high of £0.25. This all-time high was the highest price paid for Vara since its launch.

The current circulating supply of Vara is 633,174,848 VARA which means that Vara has as total market cap of 633,174,848.

FAQ

What is the current price of Vara?

We update our Vara to GBP 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 £7.91M. 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 £0.25. 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 £274.98K.

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 633 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 12 days.

What is the relative popularity of Vara?

Vara ranks 97 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.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024