Data has become one of the most valuable resources in the modern era, often referred to as the “new oil.” Data drives innovation, decision-making, and growth across industries. But many don’t realize how valuable data is, holding a wealth of privacy and information.
A real-world example is the use of social media, they take your data and sell it as they please and you get nothing. Vana changes that by giving you ownership of your data. Through DataDao, you can contribute, tokenize, and share your data. You decide how the data is used, and you will be rewarded for it. With Vana, data becomes an asset that empowers you whether used in AI development or other applications.
What's that #VANA
Oldis the first network for user-owned data. This network is changing the way data is owned, shared, and monetized. Vana L1 allows users to pool their data in a DataDAO while maintaining control and privacy.
Here's how Vana works for you:
Data Contribution: Users contribute data to DataDAO. Contributions range from social media data to IoT and sensor data, all stored securely and encrypted off-chain.
Tokenization: Validated data is tokenized, enabling secure use of data across a variety of decentralized applications, particularly for AI model development.
Earn and Manage: Users gain governance rights across various DataDAOs, influencing decisions about data usage and earning a share of the profits when data is used.
Vana leverages blockchain to ensure transparency, security, and decentralization in how data is owned and shared.
Benefits:
Data Ownership: Users retain ownership of their data, with full control over how it is used within the app.
Tokenized Data: Data is transformed into verifiable and tradable assets for decentralized AI and data-driven applications.
Privacy & Security: Zero-Knowledge Proofs (ZKP) and Trusted Execution Environments (TEE) ensure the privacy and security of data contributions.
Decentralized Governance: Participants influence ecosystem rules and data pool operations through on-chain voting.
The total number of VANA tokens to be traded is:
Total Supply : 120,000,000 $VANA
% to Community : 66.9%
Float : 25.1%
Participate in the#VANALaunchpool on Binance, viaBinance Launchpool by :
Log in to Binance: If you don't have a Binance account yet, sign up and complete the verification process.
Navigate to the Binance Launchpool section via the Binance app or website.
Lock Your Tokens: Choose a supported asset such as BNB or FDUSD to stake into the VANA token pool.
Earn Tokens #VANA When you stake, you will start earning VANA tokens in real time. The more you stake, the higher the rewards you will get.
Binance will then list VANA on 2024-12-16 at 10:00 AM (UTC) and open trading with VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY trading pairs.