VARA
The native token used for fees, staking and governance on Vara Network.
In plain language
VoteVara keeps VARA as the primary accounting unit and labels any fiat conversion with its source and timestamp.
Why it matters
Governance influence, deposits and many on-chain parameters are denominated in VARA or planck.
Real Vara examples
| Referendum | Governance | Execution | Direct addresses |
|---|---|---|---|
| #23 Return total VARA issuance to exactly 10 billion This referendum reduced total issuance by 3,851.083448969781 VARA, returning the network to exactly 10 billion VARA. | Executed | Dispatch succeeded | 45 |
| #58 Burn 22,526,355.840659541372 VARA from the inflation-offset pool This referendum burned the accumulated 22,526,355.840659541372 VARA inflation offset and returned total issuance to exactly 10 billion VARA. | Executed | Dispatch succeeded | 52 |
| #87 Validator Grant #1: Ray0xNodes Vara token holders approved a Gear Foundation-funded $18,000 grant supporting twelve Ray0xNodes validators for twelve months. | Executed | Dispatch succeeded | 20 |