The VANA token serves as the native currency of the Vana Network, a decentralized platform that enables users to own, govern, and monetize their personal data, particularly for AI model training. By aggregating private datasets through Data Decentralized Autonomous Organizations (Data DAOs), Vana allows individuals to transform their data into financial assets, granting them greater control over their digital information.
Tokenomics:
Total Supply: 120 million VANA tokens.
Distribution:
Community: 44% allocated to the community, unlocked over 36 months.
Ecosystem: 22.9% allocated to ecosystem development, unlocked over 48 months.
Core Contributors: 18.8% allocated to core contributors.
Investors: 14.2% allocated to investors.
Upcoming Developments:
Binance Launchpool: VANA will be available for farming on Binance Launchpool starting December 16, 2024, at 10:00 UTC. Users can stake BNB and FDUSD to farm VANA tokens.
Trading Pairs: Upon listing, VANA will have trading pairs including VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY.
To participate in the VANA Launchpool on Binance, follow these steps:
1.Create a Binance Account.
2.Deposit Funds:
Ensure you have either BNB or FDUSD in your Binance account.
3.Go to the Launchpool Section.
4.Find the VANA Pool.
5.Stake Your Tokens:
Stake BNB or FDUSD into the VANA Launchpool.
After staking, you will start earning VANA tokens based on the amount you’ve staked. VANA tokens will be distributed according to the farm rate and your share of the total staked amount.
6.Claim VANA Tokens:
The VANA tokens you earn will be available to claim periodically, depending on the farming schedule.
You can withdraw the earned tokens to your Binance wallet once they are credited.
7.Unstake Your Tokens (Optional):
If you decide to unstake your BNB or FDUSD, you can do so at any time. However, be mindful of the terms related to staking rewards.
For additional details, always check the official Binance announcement for updates on the VANA Launchpool event.
