Hello everyone in this post I will show you the 62nd project on Binance Launchpool - VANA (VANA), empowering data sovereignty.
📍 Vana Token Review
An open and decentralized protocol for data sovereignty, VANA unlocks user-owned data as a new digital asset class in the global AI economy.
📍 The VANA Network is an EVM-compatible Layer-1 blockchain designed to restore individual control over personal data and enable user-owned AI through private and secure data transactions at the individual and collective level.
📍By combining blockchain coordination, privacy-preserving technology, and tokenization economic incentives, VANA enables users to maintain full control over their data while contributing to a collective data asset that powers AI and other applications.
📍Vana Tokenomics is designed to align incentives across all participants in the VANA network - validators, DLP creators, stakers, and community members. By prioritizing early data liquidity, supporting strong contributions through DLP, and fostering decentralized governance, VANA aims to unlock the full potential of user-owned data and AI technology.
📍$Vana is the native token of the VANA network, powering its ecosystem and supporting secure and decentralized data transactions.
📌 Network Security
Validators stake $vana to secure the blockchain, ensuring reliable transaction validation and operational stability.
📌 Transaction Fees
$VANA is used to pay for all network transactions, including data-related operations, smart contract executions, and interactions with DatadaOS.
📌 DataDao Staking
Users stake $vana in DataDaos and earn emissions to support datadaos adding valuable data capital to the ecosystem.
📌 Default data access currency
Accessing datasets managed by Datadaos uses $vana by default, which can be exchanged for other tokens as desired by the buyer, seller, or agent.
📌 Trading Pairs
$VANA serves as the primary trading pair for all tokens issued by Datadaos, facilitating seamless exchange and interoperability across the ecosystem.
📌 Governance
$Vana holders actively participate in the decentralized governance of the VANA network, voting on proposals and influencing key decisions. This supports decentralized decision-making and broad community engagement.
📌 Data Token Ecosystem
The VANA network supports a dynamic ecosystem where datadaos can issue their own tokens tied to specific datasets or rights. $Vana serves as the base token that connects these activities, fostering collaboration and enabling a robust data economy.
📌 How to participate:
1. KYC Verification: Make sure your Binance account is verified.
2. Key Token: Navigate to the Vana Launchpool page.
3. Earn Rewards: Stake BNB or FDUSD to Farm Vana during a two-day period.
📌 Binance Launchpool key details:
🔶 Max Supply: 120,000,000 vana
🔶 Launchpool Rewards: 4,800,000 VANA (4% of supply)
🔶 Farming Period: 2024-12-14 00:00 (UTC) to 2024-12-15 23:59 (UTC)
📍vana supply and distribution.
The total supply of vana is capped at 120 million tokens, distributed as follows: