The AI craze is still in full swing and shows no signs of cooling down! On December 13, 2024, Binance Launchpool officially announced the 62nd project in the AI field called Vana.
This is seen as a significant step forward in the emerging technology ecosystem.
What is Vana?
Vana is an EVM-compatible layer 1 blockchain focused on building a decentralized data-sharing network. The platform allows users to contribute data to earn passive income. This data source is used to train AI models, serving the development of the artificial intelligence industry.
Vana's goal is to address two major challenges in the AI field: personal data ownership and the shortage of high-quality data. By building a decentralized data-sharing network, the platform empowers users with control while providing low-cost computational resources for developers.
What is the predicted price of Vana (VANA) when listed on Binance?
Vana (VANA), the 62nd Layer 1 project on Binance Launchpool, was previously little noticed in Vietnam before the meme coin and AI trend. However, Binance's decision to list VANA has generated significant interest from investors, especially regarding the token's price upon listing.
Price Prediction Base
Vana is the first open protocol for data sovereignty, allowing users to control and trade their data with companies and AI developers. With support from major funds like Coinbase Ventures and a total raised capital of 25 million USD, the project is evaluated to have outstanding technological potential.
Vana's Infrastructure
The architecture of Vana includes three main components, playing a crucial role in Vana's infrastructure:
Data Liquidity Layer: The data liquidity layer is responsible for aggregating and validating data contributed by users.
Data Portability Layer: The data portability layer converts data into crypto assets on the blockchain, allowing users and developers to extract value from them.
Vana Chain: Blockchain Layer 1, serving as a core foundational layer to manage transactions occurring on the network.
Data Liquidity Layer
The Data Liquidity Layer (DLP) is where shared data is collected, validated, and managed within the network. Here, users contribute data to Vana through DLP liquidity pools.
Each DLP has its own rules and conditions suitable for the type of data it processes, thus distributing rewards to participants.
For example, a DLP focusing on financial data may prioritize factors such as transaction accuracy and completeness of records. In contrast, a DLP focusing on social media may consider factors such as user engagement, account age...
In addition to the rewards received, users also have governance rights over their data, meaning they have the right to decide how their data is used. Furthermore, the project will ensure transparency and user privacy by applying security techniques such as ZKP, TEE technology...
Data Portability Layer
The Data Portability Layer is a data marketplace, acting as a bridge between data providers and application developers. In other words, the Data Portability Layer is where:
Users access to share data on the platform and earn rewards.
Developers can find and use data to serve the training process of high-demand AI models.
Vana Chain
The Vana Chain network is EVM compatible and operates based on the Proof-of-Stake (PoS) consensus mechanism. To participate in transaction validation and network security, validators need to stake a minimum of 35,000 VANA tokens. According to the project, this mechanism aims to ensure the economic model of the network while minimizing potential slashing situations.
Currently, users can track, search, and look up transactions occurring on the network through the Vana Explorer.
What is Vana's token?
VANA Token Information
Token Name: Vana
Ticker: VANA
Total supply: 120,000,000 VANA
VANA Token Sale
On December 13, 2024, Binance Launchpool announced it would list the VANA token. Specifically, users can stake BNB and FDUSD to receive VANA during the period from 7:00 AM on December 14, 2024, to 6:59 AM on December 16, 2024 (Vietnam time).
The number of VANA allocated to each pool is as follows:
BNB pool: 4,080,000 VANA
FDUSD pool: 720,000 VANA
After this period, users can trade VANA with the following token pairs: VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY at 5:00 PM on December 16, 2024.
Vana project investors
According to the project, Vana has successfully raised 25 million USD through 3 rounds. Specific information is as follows:
Strategic:
Date: 18/9/2024
Capital raised: 5 million USD
Investment fund: Coinbase Ventures
Series A:
Date: 1/12/2022
Capital raised: 18 million USD
Investment fund: Paradigm (leading), Polychain Capital...
Seed:
Date: 1/12/2021
Capital raised: 2 million USD
Investment fund: Polychain Capital (leading), MH Ventures...
