Introduction to Binance Launchpool's Latest Project: Vana (VANA)
Binance Launchpool has introduced its 62nd project, Vana (VANA), a groundbreaking Layer 1 blockchain designed for user-owned data. Starting December 14, 2024, at 08:00 (UTC+8), users can stake BNB or FDUSD in dedicated pools to earn VANA tokens over a 2-day farming period.
👉 Explore Vana's official network browser for real-time updates.
Key Highlights:
- Binance will be the first platform to list VANA.
- Trading begins December 16, 2024, at 18:00 (UTC+8) with VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY pairs.
Launchpool Details
| Metric | Details |
|---|---|
| Token Name | Vana (VANA) |
| Total Genesis Supply | 112,641,600 VANA (93.87% max supply) |
| Max Supply | 120,000,000 VANA |
| Initial Circulating Supply | 30,084,000 VANA (25.07%) |
| Launchpool Allocation | 4,800,000 VANA (4%) |
What Is Vana (VANA)?
1. The Vision: User-Owned AI and Data Sovereignty
Vana is a decentralized data network empowering users to own, manage, and monetize their AI models and cross-platform data. Born from a 2018 MIT research project, it addresses Web2 inequities—like platforms profiting from user data without fair compensation (e.g., Reddit’s $203M AI data deals in 2024).
2. Technical Architecture
Vana solves the "double-spend" problem of data by combining:
- Encrypted personal servers for data storage.
- Data Liquidity Pools (DLPs) for collective asset management.
- Trusted Execution Environments (TEEs) for private computations.
Core Innovation: Programmable data ownership via blockchain-tracked access rights and monetization.
Founders and Background
- Anna Kazlauskas: Computer scientist and economist; ex-Ethereum miner and policy advisor.
- Art Abal: Harvard public policy expert; pioneered data collection at AI firm Appen.
Their prior project, TOCA, laid the foundation for Vana by enabling low-income Filipinos to earn via data contributions.
VANA Tokenomics
Supply Breakdown
- Total Supply: 120M VANA
- TGE Circulation: 28.5%
Allocations:
- 44% Community (36-month vesting)
- 22.9% Ecosystem (48-month vesting)
- 18.8% Team (1-4 year vesting)
- 14.2% Investors (1-3 year vesting)
Utility
- Staking: Secures the network.
- Governance: Voting rights for holders.
- Data Access: Currency for purchasing permissions.
- Transaction Fees: Powers network operations.
FAQs
Q: When can I start staking for VANA?
A: Farming begins December 14, 2024, at 08:00 UTC+8.
Q: What’s Vana’s unique value proposition?
A: It returns data ownership to users, enabling fair monetization of AI training contributions.
Q: How does Vana prevent data misuse?
A: Through encrypted storage and programmable access controls via smart contracts.
Q: Is Vana open-source?
A: Yes, it’s fully open-source and permissionless.
👉 Learn more about decentralized data networks
Conclusion
Vana represents a paradigm shift toward user-centric data economies, leveraging blockchain to democratize AI profits. With its Binance debut and robust tokenomics, VANA is poised to redefine data ownership in Web3.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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