Binance will launch Vana (VANA) on December 16, 2024, at 18:00 (UTC+8), opening related trading markets and applying specific rules, bringing new opportunities for global investors and AI enthusiasts.
1. Launchpool Overview
The total supply of Vana (VANA) genesis tokens is 112,641,600, accounting for 93.87% of the maximum supply of 120,000,000. The initial circulation on Binance is 30,084,000 (25.07%), with a total of 4,800,000 in the Launchpool (4%). Network details can be queried through its browser.
2. Vana Project Analysis
(1) Project Essence
Vana is a distributed private user data network aimed at enabling users to own AI. Users can control their contributed AI models and profit from them, while developers can utilize cross-platform data to develop personalized applications and train advanced AI models. It originated from a research project at MIT in 2018, adhering to the principles of open source and decentralization, supported by an open data foundation for large-scale applications, with organizations like Corsali focusing on research and development. In the Web2 era, platform companies profited by collecting user data for free, and in the Web3 era, this phenomenon has intensified, as seen with Reddit profiting while users gain nothing; thus, Vana has emerged.
(2) Technical Core
Vana realizes programmable data ownership, based on personal data sovereignty. Unlike Bitcoin and Ethereum, it focuses on solving the 'double spending' problem of data. Since the value of the data economy needs controlled access, traditional blockchain public verification is not suitable for private data. Vana combines private data hosting with public ownership records, maintaining various global states through blockchain, with data stored on encrypted personal servers or trusted secure areas, allowing programmable control over access conditions and profit flows. Core components include personal servers (ensuring data sovereignty security), data liquidity pools (managing data verification, permissions, and token distribution), and trusted secure areas (providing private computing environments), which transform data trading into state transitions, supporting collective data asset-related transactions.
(3) Vision Outlook
Vana aims to break the existing data economy model, allowing users to regain ownership and control of their own data, earning profits by training AI models with data, and becoming the masters of data.
3. Team Composition
Co-founded by Anna Kazlauskas from the Philippines (with a background in computer science and economics, having participated in Ethereum mining, international financial data research, and policy advisory work) and Art Abal (with a master's in public policy from Harvard and having led data collection innovations at Appen), whose TOCA project laid the foundation for Vana.
4. Token Economics
VANA is the native token of Vana Network, with a total supply of 120,000,000 tokens. The distribution for ecology and community accounts for 66.9%, with 28.5% in circulation at TGE. Its uses include network security (staking for network protection), governance voting, payment of transaction fees, participation in DataDAO, and as a currency for data access. Token distribution is 44% for the community (unlocked over 36 months), 22.9% for the ecosystem (unlocked over 48 months), 18.8% for core contributors (partial unlocking after 1 year + unlocking over 4 years), and 14.2% for investors (partial unlocking after 1 year + unlocking over 3 years).