Binance, the world’s largest cryptocurrency exchange by volume, has announced the listing of Velodrome Finance (VELODROME), a decentralized exchange (DEX) token, and has added it to its spot trading catalog. In addition, Binance has added Vana (VANA) to its Launchpool platform, and the project’s airdrop campaign is still ongoing.
VELODROME is now available on Binance Spot Markets
Velodrome Finance claims to be the liquidity center of the Superchain ecosystem and represents the next generation of DEX. VELODROME will start trading on the Binance spot market at 14:00 UTC on December 13, with the trading pair being VELODROME/USDT. There is no transaction fee for this launch, and users can trade freely without paying any fees.
Binance said: "Users can deposit VELODROME now, and trading will be open in two hours. Withdrawals will be open on December 14, 2024 at 14:00 UTC."
To ensure the market stability of the new token, Binance has added the Seed tag to VELODROME and will enable trading robots and spot copy trading functions within 24 hours of listing.
With the release of the listing news, the price of VELODROME soared rapidly, with an increase of more than 200%, sparking heated discussions in the market.
Binance announces the launch of VANA, a new project on Launchpool
Binance recently announced the 62nd project of Launchpool - Vana (VANA), an EVM-compatible Layer-1 blockchain focused on user-owned data. According to the announcement, users can participate in the two-day VANA airdrop by locking BNB and FDUSD, and the mining activity will start at 00:00 UTC on December 14, 2024.
VANA Spot Trading Launched
In addition to the launch on Launchpool, Binance also plans to launch VANA spot trading. Trading will open on December 16, 2024 at 10:00 UTC, supporting trading pairs such as VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY. Binance also added a Seed tag to VANA to distinguish risk levels.
The maximum supply of VANA is 120 million tokens, of which Launchpool will allocate 4.8 million VANA as rewards. At the launch of spot trading, the initial circulating supply of VANA is 30,084,000, accounting for approximately 25.07% of the total supply.
Market response and project background
Following the announcement of the launch, VANA’s token value quickly increased by nearly 70%, demonstrating the market’s enthusiastic reaction to its upcoming listing on Binance. This announcement comes on the heels of VANA’s $25 million funding round from investors including Coinbase Ventures, Polychain Capital, and Paradigm. This round of funding further solidifies the project’s position as a tech-focused data protocol while laying the foundation for its airdrop campaign.
VANA: Decentralized AI data protocol, empowering data sovereignty and benefits
VANA is a decentralized AI data protocol that enables users to share ownership and control of private data through data tokenization, while incentivizing users to participate in future economic benefits. The project has received support from top institutions such as Coinbase, Paradigm, and Polychain. The timing is ripe and it is undoubtedly an excellent node for the team.
Project Overview
Objective: To solve the data shortage problem in large AI model training, especially for high-quality data in vertical fields such as medicine and law, as well as data sources that need to be updated in real time.
Architecture: The VANA network consists of three core components:
Data Portability Layer: Supports the application of on-chain data and AI models to ensure data interoperability.
Data Liquidity Layer: On-chain user data to improve data liquidity.
Universal Connectome: Displays data flows in real time to ensure ecosystem transparency and traceability.
This is an AI data project that is worth further study.
