Binance Launchpool is back again for this month, with a Layer 1 blockchain Vana.

Vana is a decentralized blockchain focused on user data. It enables users to access dApps and smart contracts within the Ethereum ecosystem using their personal data. Additionally, it introduces the concept of data liquidity pools, allowing verified datasets to be used to train AI models, creating opportunities to earn income.

Use Cases:

The native token of the Vana network is $VANA which is practically used for:

Governance: Voting on network decisions.

Transaction fees: For network operations.

Staking rewards: Rewards for stakers.

Data sharing rewards: Incentivizing contributors who share valuable data.

VANA token supply is noticeably small as it’s only 120 million.

Initial Circulating Supply would be 30,084,000 VANA upon Binance listing.

Detailed Token Allocation is as follows:

Binance Launchpool: 4%

Ecosystem Growth: 22.9%

Community: 44%

Investors: 14.2%

Early Contributors: 18.8%

You can start farming VANA on Binance Launchpooll from December 14, 2024, 6:30 AM to December 15, 2024, 6:30 AM (Myanmar Time).

Users can stake BNB and FDUSD to farm VANA tokens and BNB Pool will have 4,080,000 VANA and FDUSD Pool will have 720,000 VANA.

For BNB staking, users can farm up to 8,500 VANA per hour depending on the amount staked.

For FDUSD staking, users can farm up to 1,500 VANA per hour.

Listing Date:

VANA will be listed on Binance Spot Market on December 16, 2024, at 4:30 PM (Myanmar Time). Unlike previous launches, there will be no pre-market phase.

Additional Note:

If your BNB is locked in staking, there’s no need to redeem it manually and you can still use it to participate in the Launchpool for dual benefits.

Project Significance:

Vana is a platform that allows users to reclaim ownership and control of their personal data. Instead of big companies profiting off your data without permission, Vana enables you to contribute your data to secure, private data pools called DataDAOs. From there, companies can pay to access and use the data, and you earn rewards in return.

The platform ensures privacy, provides proof of data value, and allows users to govern the network. For example, if you share fitness data, a health AI company must compensate you to use it. Vana transforms data into a valuable asset while keeping you in control.

As the AI models continue to grow rapidly, high-quality data becomes increasingly essential for training them. Vana taps into this need by creating a decentralized platform for data monetization, making it an exciting project to watch.

#Vana $VANA #BinanceLaunchPool🔥