What is Vana?
A decentralized open protocol for data sovereignty. Vana makes user data a new digital asset class in the global AI economy.
The Vana Network is an EVM-compatible layer-1 blockchain designed to restore individual control over personal data and enable user-owned AI through private and secure data transactions at the individual and collective level. In an era where artificial intelligence is driving immense value from user data, Vana ensures that data creators—individuals—have a fair share of the value generated while allowing researchers to access unique datasets.
By combining blockchain coordination, privacy-preserving technology, and tokenized economic incentives, Vana enables users to maintain full control over their data while contributing to a collective data asset that powers AI and other applications.
VANA’s tokenomics are designed to align incentives across all participants in the Vana network—validators, DLP creators, stakeholders, and community members. By prioritizing early data liquidity, supporting strong contributions through DLP, and encouraging decentralized governance, Vana aims to unlock the full potential of user-owned data and AI technology.
With clear participation incentives, carefully planned emissions, and a focus on long-term sustainability, Vana is creating a dynamic and self-sustaining ecosystem where individuals and communities can realize the true value of their data. The $VANA token serves as the foundation for this transformative vision, empowering users to take control of their data while driving innovation in AI and beyond.
Ticker : $VANA
Total Supply : 120,000,000 $VANA
% to Community : 66.9%
Float : 25.1%
Token Standard : Vana L1: Native $VANA\ Wrapped Version as ERC-20 on Ethereum
Network Security
Validators stake $VANA to secure the blockchain, ensuring reliable transaction validation and operational stability. Validators receive staking rewards for their role in maintaining the integrity of the network. However, during Phase 1 of the Network, all Layer 1 validator rewards will be diverted to a public good fund to support the broader ecosystem.
Transaction Fees
$VANA is used to pay for all network transactions, including data-related operations, smart contract executions, and interactions with DataDAO. This makes $VANA a medium of exchange for activities within the ecosystem.
DataDAO Staking
Users stake $VANA on DataDAO and earn emissions to support DataDAO adding valuable data capital to the ecosystem. Staked $VANA also determines the top 16 DataDAOs eligible for rewards for their stakeholders and community, leveraging natural competition to drive data performance and quality.
Default Data Access Currency
Accessing datasets managed by DataDAO uses $VANA by default, which can be exchanged for other tokens as desired by the buyer, seller, or agent. This token unlocks the datasets for use in applications by researchers, developers, and businesses.
Trading Pairs
$VANA serves as the primary trading pair for all tokens issued by DataDAO, facilitating seamless exchange and interoperability across the ecosystem.
Governance
$VANA holders actively participate in the decentralized governance of the Vana Network, voting on proposals and influencing key decisions. This supports decentralized decision-making and broad community engagement.
Initially, the Vana Foundation is responsible for managing the VANA token and treasury. Treasury governance will be extended to other network stakeholders and contributors through the Vana DAO. Governance will gradually shift to community control, ensuring a fair and inclusive approach to ecosystem management. This will broaden the scope of decision-making, allowing participants to help shape the direction of the network and manage key parameters, such as reward and emission structures.
Data Token Ecosystem
The Vana Network supports a dynamic ecosystem where DataDAOs can issue their own tokens tied to specific datasets or rights. $VANA serves as the base token that connects these activities, encourages collaboration, and enables a robust data economy.
Vana Supply and Distribution
The total supply of VANA is limited to 120 million tokens, distributed as follows:
Community
Community Allocation focuses on encouraging participation and rewarding contributors to the Vana Network. This includes rewards for high-quality data contributions to DataDAO, airdrops to early adopters, and support for developers building Vana. Future incentives will ensure continued community engagement and alignment with the Vana vision.
Ecosystem
Ecosystem Allocation will ensure the sustainability of the Vana protocol through grants and rewards that drive the long-term growth of the Vana network. Grants will be allocated to activities including DataDAO bootstrapping, support for new DataDAO tokens, network partnerships, and block rewards to incentivize decentralization, innovation, and network adoption.
Phase
VANA emissions are structured to align with the network growth trajectory, distributed across four 6-month phases:
Phase 1: Building Data Liquidity (0-6 months)
Focus: Onboarding data contributors and Data DAO; Incentivizing DataDAO and onboarding users.
Emissions: Majority goes to DataDAO creators and rewards early data contributors for bootstrapping adoption.
Phase 2: Accelerating AI Innovation and Adoption (6-12 months)
Focus: Encouraging the creation of AI agents with collectively owned models.
Emissions: Start incorporating contribution revenue to fund emissions; reward high-value data contributors and developers creating new AI applications.
Phase 3: Decentralization and Governance (12-18 months)
Focus: Transitioning to community governance and increasing user rewards.
Emissions: Start reducing emissions, relying more on transaction fees.
Enable community-based control over rewards and key parameters.
Phase 4: Network Expansion (18-24 months)
Focus: Driving ecosystem sustainability and enhancing cross-DLP integration.
Emissions: Shift to demand-driven rewards with deflation in steady state.
Vana Launchpool
Vana is the 62nd project on Binance Launchpool, where users can lock BNB or FDUSD to get Vana airdrop for 2 days, starting from 2024-12-14 00:00 (UTC).
Listing
Binance will then list VANA on 2024-12-16 at 10:00 AM (UTC) and open trading with VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY trading pairs.
How to participate in Binance Launchpool
Log in to your Binance account and go to [More] - [Launchpool].
Scroll down to [Launchpool]. You will see a list of available and completed projects.
You can choose to lock your BNB or FDUSD to receive the airdrop.
For more information about Vana Binance Launchpool, click here.
#Vana #VanaLaunchpool $Vana
