Hello Binancians!
After previously we successfully made money through the HODLer $MOVE airdrop, here's some more exciting news for you! Binance has just announced its 62nd Launchpool project, and this time the main star is $VANA. Before discussing how to get the money, let's get to know this project first!
What is $VANA?
$VANA is an open and decentralized protocol designed to return data sovereignty to users. The project unlocks the potential of user-owned data as a new type of digital asset in the global AI economy.
The Vana Network is an EVM-compatible layer-1 blockchain. Its goal is to restore individual control over their personal data and enable secure and private use of data-driven AI, both individually and collectively.
In the era of artificial intelligence, where data is becoming the primary source of value, Vana ensures that data creators (you!) get their fair share of the value generated, while enabling researchers to access unique datasets.
What is the Tokenomics of $VANA?
$VANA tokenomics is designed to align incentives between all ecosystem participants, such as validators, DLP creators, stakers, and the community. By prioritizing early data liquidity, supporting contributions through DLP, and encouraging decentralized governance, Vana aims to maximize the potential of user-owned data and AI technology.
Uses of $VANA
1. Network Security
Validators stake $VANA to secure the blockchain, ensuring smooth transaction validation and operational stability.
2. Transaction Fees
All transactions on the network, including data operations, smart contract executions, and interactions with DataDAO, use $VANA.
3. Staking in DataDAO
You can stake $VANA on DataDAO to support the data ecosystem and earn rewards.
4. Default Currency for Data Access
$VANA is used by default to access datasets managed by DataDAO, but can also be swapped to other tokens as needed.
5. Major Trading Pairs
$VANA becomes the primary pair for all tokens issued by DataDAO, facilitating trading within the ecosystem.
6. Governance
$VANA holders can participate in network governance, vote on proposals, and influence important decisions.
How to Join $VANA Launchpool
You can lock BNB and FDUSD to receive the $VANA airdrop for two days, with the farming period starting at:
December 14, 2024 at 07:00 (UTC+7)
Listing:
Binance will list $VANA on December 16, 2024 at 10:00 AM (UTC) with the tag "Seed". Trading will be open for the following pairs:
- VANA/USDT
- VANA/BNB
- OLD/FDUSD
- PRICE/TRY
Detail Launchpool VANA
- Token Name: Shooting ($shooting)
- Maximum Total Supply: 120,000,000 VANA
- Total Genesis Token Supply: 112,641,600 VANA (93.87% of total supply)
- Launchpool Token Rewards: 4,800,000 VANA (4% of total supply)
- Initial Circulation Supply: 30,084,000 VANA (25.07% of total supply)
Hourly Limit Per User
- 8,500 VANA in BNB pool
- 1,500 VANA in FDUSD pool
Prize Pool
1. Lock BNB: Total prize pool 4,080,000 VANA (85%)
2. Lock FDUSD: Total prize pool 720,000 VANA (15%)
How to Start Farming $VANA
1. Set up a Binance Account: Register and verify your Binance account by completing the KYC process.
2. Start Farming: Once your account is verified, you can start farming by locking BNB and/or FDUSD in Launchpool.
Period Farming:
Farming starts from December 14, 2024 at 00:00 (UTC) to December 15, 2024 at 23:59 (UTC).
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Ready to farm and make money together? Don't miss it, Binancian! ๐
