This research report aims to explore relevant issues of the project in depth and provide valuable information to investors. This article does not constitute any investment advice; please invest rationally.
Notably:
Now live on Binance Launchpool
Time: December 14, 2024, 08:00 to December 16, 2024, 08:00 (UTC+8)
Total Launchpool: 4,800,000 VANA (4% of the maximum token supply)
BNB pool: Total rewards 4,080,000 VANA (85%)
FDUSD pool: Total rewards 720,000 VANA (15%)
Project introduction
Vana is an EVM-compatible Layer 1 blockchain designed to transform personal data into a new class of on-chain assets, allowing users to securely own, manage, and profit from their data. The project addresses the current issue of centralized data silos to enhance the performance of AI models while ensuring data privacy and security.
Project investment
The project has completed two rounds of financing, totaling $23 million. In December 2022, it completed $18 million in financing, backed by institutions such as Paradigm*, Polychain, Packy McCormick, and Casey K. Caruso.
Completed $5 million strategic financing in September 2024, invested by Coinbase Ventures*
Project advantages
Decentralized data ownership and control: Vana allows users to truly own, control, and profit from their personal data, breaking the data monopoly of centralized platforms through blockchain technology and private key management.
Data as a new asset class: Data is viewed as a tradable digital asset, allowing users to tokenize data and circulate it in the market, driving data to become a new source of value in the mainstream market.
Efficient data market and ecological incentives: Vana incentivizes users to contribute high-quality data to the platform through the DataDAO mechanism, staking VANA tokens to support quality DataDAOs, thereby ensuring data liquidity and the continuous growth of the network.
EVM compatibility and developer friendliness: Vana is compatible with Ethereum's EVM, supports smart contract migration, and provides developers with SDKs, APIs, and TEE integration tools to simplify the development process of data applications.
Advancements in privacy and data verification technologies: Vana adopts technologies based on TEE (Trusted Execution Environment) and zero-knowledge proofs to ensure the authenticity and privacy of data contributions while protecting users' data privacy rights.
Strong ecological cooperation and market strategy: Vana has established strategic partnerships with leading projects such as Flower AI, Reclaim Protocol, and TensorSource to expand ecological development paths and promote effective use and value enhancement of user data.
Efficient data flow and cross-chain interoperability: Data can flow and trade freely between multiple DataDAOs. Vana also plans to achieve cross-chain interoperability to ensure data compatibility and sharing between different blockchain ecosystems.
Token distribution
Token name: Vana (VANA)
Total supply of Genesis tokens: 112,641,600 VANA (93.87% of the maximum token supply)
Maximum token supply: 120,000,000 VANA
Initial circulating supply on Binance spot: 30,084,000 VANA (25.07% of the maximum token supply)
Total Launchpool: 4,800,000 VANA (4% of the maximum token supply)
Binance Launchpool: 4%
Investors: 14.26%
Community: 44%
Ecosystem: 18.93%
Team: 18.81%
Project evaluation
Vana is an innovative EVM-compatible Layer 1 blockchain aimed at transforming user data into tradable assets, breaking the monopoly of centralized data platforms, and promoting data circulation and AI development. By incorporating privacy protection technologies such as TEE and zero-knowledge proofs, Vana ensures data security and authenticity. Additionally, the project boasts a diverse DataDAO ecosystem, powerful development tools, and strategic partners. However, Vana also faces challenges such as market competition, data privacy protection, complexity of token economic models, and cross-chain interoperability. Overall, Vana has the potential to become an important platform in the data economy, supporting the comprehensive development of data contributors, developers, and the AI ecosystem.
