Binance announced yesterday (the 13th) that it will launch the 62nd new coin mining project Vana (VAVA) on Binance Launchpool. Users can deposit BNB and FDUSD into the VAVA mining pool starting at 8:00 AM Taiwan time on December 14, 2024, to participate in a two-day new coin mining event. (Background: SCR mining is hot! A whale 'borrowed $138 million' to invest in Binance Launchpool; what is the current status of the battle?) (Supplementary background: New coin SCR listed on Binance Launchpool; what is the Ethereum Layer 2 protocol Scroll?) The world's largest cryptocurrency exchange, Binance, announced yesterday (the 13th) that it will launch the 62nd new coin mining project Vana (VAVA) on Binance Launchpool. Users can deposit BNB and FDUSD into the VAVA mining pool starting at 8:00 AM Taiwan time on December 14, 2024, to participate in a two-day new coin mining event. Additionally, according to Binance's announcement, after the VANA mining ends, Binance will list VANA spot trading at 6:00 PM Taiwan time on December 16, and enable trading pairs VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY, and add seed tags for it. Detailed information about the VANA mining pool According to Binance's announcement, detailed information about the VANA mining pool is as follows: Token name: Vana (VANA) Genesis token supply total: 112,641,600 VANA (93.87% of the maximum token supply) Maximum token supply: 120,000,000 VANA Initial circulation at the time of Binance listing: 30,084,000 VANA (25.07% of the maximum token supply) Total Launchpool amount: 4,800,000 VANA (4% of the maximum token supply) Restriction terms: KYC required, individual mining hard cap per hour: BNB pool: 8,500 VANA; FDUSD pool: 1,500 VANA Note: How to participate in Binance Launchpool can refer to Binance's 'New Coin Mining' complete tutorial What is Vana? It is understood that Vana is an AI Web3 project that has attracted the attention of a16z partner @venturetwins. Vana aims to create a platform that allows users to tokenize and trade data, enabling users to build a user-managed data market using data generated on platforms like Google and Reddit, thus providing high-quality data for AI training and generating revenue from it. The core of Vana is its so-called data liquidity network, which allows user data to be tokenized and traded like financial assets. Its highlights include: Data trading: Users can place their data in the Data Liquidity Pool (DLP), earning token rewards for each submission, similar to data mining; Data DAO: Vana has established a data DAO, where users can not only upload and manage their data but also participate in decision-making and governance through this organization. This structure gives users greater voice and control on the platform, rather than just being data providers. Further reading: What is Vana, the new dark horse in the AI track that a16z focuses on? How to lay low for airdrops? BNB breaks $710 After the announcement of the new coin mining for Vana, Binance's platform token BNB quickly broke through $720, reaching a peak of $722. However, at the time of writing, it has retreated to $715, with a nearly 24-hour increase of 1.3%. BNB trend. Source of the image: Binance Spot Related reports What is Binance Launchpool? How to participate in ‘New Coin Mining’ complete tutorial, is the yield good? Analysis: Binance Launchpool's first project - DeFi aggregator 'Bella' and the path to expanding user scale One-click issuance Rollups) What is the newly listed 'AltLayer' on Binance Launchpool? Token economy, airdrop, features summarized 'Binance launches the 62nd new coin mining project Vana, what is the AI data platform focused on by a16z?' This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).