1. What is VANA? 😀

Vana is an EVM-compatible L1 blockchain network whose technical architecture includes data liquidity pool (DLP), proof of contribution mechanism, Nagoya consensus, user self-hosted data, and decentralized application layer.

Vana originated from a research project at the Massachusetts Institute of Technology (MIT) in 2018 and was co-founded by two entrepreneurs, Anna Kazlauskas and Art Abal. They are committed to allowing users to own their own data and the AI ​​models they create.

2. Functions of Vana😀

Network Security: Validators stake VANA to protect the blockchain and verify transactions, ensuring the reliability and stability of the network.

Transaction Fees: VANA is required for all transactions on the network, including smart contract execution, data operations, and interactions with the DataDAO, which serves as the ecosystem’s primary medium of exchange.

DataDAO Staking: Users stake VANA to support top-performing DataDAOs, earn emissions, and influence the eligibility of top DataDAOs for rewards. This mechanism incentivizes competition and improves data quality.

Default Data Access Currency: VANA is the default token for accessing datasets managed by DataDAO, and can be redeemed for other tokens by buyers, sellers, or agents, enabling seamless data usage across a variety of applications.

Trading Pairs: VANA is the primary trading pair for tokens issued by DataDAO, ensuring smooth interoperability and liquidity within the ecosystem.

Governance: Token holders vote on proposals and network parameters, facilitating decentralized decision-making. Governance will transition to the community through the Vana DAO, enabling shared ownership and control.

Three token supply details 😀

As of December 15, 2024, the maximum supply of VANA is 120,000,000, the circulating supply after listing is 30,084,000 (approximately 25.07% of the total token supply), and the Binance Launchpool allocation is 4,800,000 (4.00% of the maximum supply).

IV. Project highlights and advantages😀

For Users: Vana enables individuals to earn income by contributing their data through a decentralized DataDAO, while also providing true ownership and portability of their data, enabling them to unlock value beyond monetary rewards.

For developers and researchers: Vana provides high-quality, user-owned datasets that are transparent, portable, and collectively curated, helping them overcome inefficiencies in current data markets and build better AI models.

For the ecosystem: Vana eliminates intermediaries, creates efficient data marketplaces, and ensures data contributors are rewarded fairly, aligning incentives for all participants in the AI ​​economy.

This time, you can get airdrops by depositing BNB into a current account, which is a considerable profit.

Register on Binance and fill in the invitation code: ESKVKO40

New registered users click here to save a lot of transaction fees!