Vana (VANA) recently launched on Binance's Launchpool, experiencing a dramatic surge of 2700% initially before stabilizing at around $20. The Vana blockchain aims to empower users by allowing them to control and tokenize their personal data through decentralized DataDAOs. The project has raised $25 million in funding from prominent investors and features a total supply of 120 million tokens. Key Points
Launch Details: VANA launched on December 16, 2024, with a 30% initial surge and current trading around $20. Blockchain Purpose: Vana is an EVM-compatible Layer-1 blockchain designed for user data control and decentralized applications (dApps). Funding Success: Raised $25 million from investors like Coinbase Ventures and Paradigm prior to its launch. Tokenomics: Total supply of 120 million VANA tokens; 44% reserved for community incentives. Market Potential: Current market cap is about $600 million, suggesting significant growth potential in the future.
