Preface: Before we know it, Binance Launchpool has reached its 62nd phase. Every mining activity is a day for $BNB holders to get paid. AI concept is a super hot track in this round of bull market, and it has been a long time since a new coin was launched. Next, let me introduce the protagonist of this Launchpool - $VANA , what is its origin!
1. $VANA Project Details
The official introduction of the project is indeed difficult to understand, so we will just talk about it in plain language. This project allows users to create their own AI data person, allowing users to become the masters of their own data.
I believe everyone knows that personal privacy and search history data are valuable. For example, if we search for something we want to buy on the browser, we will see our search needs on the e-commerce platform and various browser ads, and there will be constant recommendations for products that can meet our search needs.
The reason for this is that many apps are currently collecting user data without limits and then commercializing this data to sell to platforms with demand, such as e-commerce related. Our search content is part of user profiling, representing what we most want to buy at the moment, and also the products they are most likely to profit from us, so they keep pushing content to us.
What Vana wants to do is, since there will always be unscrupulous companies that collect user information for sale, why not create a decentralized data market called DataDAOs. This market can provide users with a decentralized data network that helps them build an AI model that contains their various private information and can be fully controlled by themselves. In this way, users can become the owners of their data, whether it is used for scientific research like participating in AI training without compensation or sold commercially for direct profit, all decided by the users themselves.
"Personal data sovereignty is the core philosophy of Vana."
2. Privacy security and data abuse solutions
After watching the project introduction, I think many students may have a question in their minds: where does the data come from? Also, is it safe to put private data on a blockchain that has a public verification mechanism? After all, while the ideals are great, we must also consider the issue of privacy leakage.
As for where the data comes from, the current project answers that it encourages users to export their data from the Reddit platform to upload to the community database, and plans to accumulate data from social platforms like LinkedIn, X, etc.
Regarding the issue of privacy leakage, Vana's proposed solution is private data hosting + public ownership records.
In simple terms, while personal privacy data is on-chain, not everyone can see it. You control the data you own and can use technical means to control who can access the data under what circumstances.
However, when it comes to solving the double-spending problem of data (e.g., sold data being copied and resold), to be honest, I don't think this project has any good solutions, even if they mention some mechanisms and solutions. However, piracy is also a global unsolvable problem, just like how laws and technology can never solve the rampant spread of novels on piracy sites.
So, as a compromise, being able to use data in truly meaningful ways, while also not being completely exploited, and even profiting from it, is indeed a significant improvement.
As for other technical implementation issues, I don't think they are what we secondary investors need to understand. I think the essence of encryption is whether you find the story I present to you after simplification exciting enough to attract you, as your motivation to purchase? If so, then this is a good project for you. Otherwise, it doesn't have much value for you, at most having short-term speculative value.
3. Token economics and token empowerment
1. Token allocation
Total supply: 120 million
Token allocation: 44% will be allocated to the community (unlocked over 36 months), 22.9% will be allocated to the ecosystem (unlocked over 48 months), 18.8% will be allocated to core contributors (part unlocked after 1 year + 4 years unlocking), 14.2% will be allocated to investors (part unlocked after 1 year + 3 years unlocking).
Initial circulation: The initial circulating supply of VANA is 30,084,000, accounting for approximately 25.07% of the total supply.
2. Token empowerment
$VANA is the native token of Vana Network, powering its ecosystem and supporting secure, user-owned, decentralized data transactions. It plays a core role in the network's multi-token ecosystem.
- Network security value (stake $VANA to protect the blockchain and earn rewards)
- Participate in DataDAO staking (staking to earn tokens for empowerment)
- Governance voting rights
- Payment network transaction fees (used as gas within the ecosystem)
- Data access payment (using $VANA to purchase data access rights)
4. Binance Launchpool
Currently, it's probably too late to participate in mining. I envy the miners every day, so let's talk about the related situation of Binance Launchpool.
Total Launchpool: 4,800,000 $VANA (4% of the maximum token supply)
Individual hourly reward cap:
BNB Pool: 8,500 $VANA
FDUSD Pool: 1,500 $VANA
LaunchPool Start Time: 2024-12-14 8:00 to 2024-12-16 8:00 (total of two days)
In addition, although the Launchpool is likely over, this type of AI data platform will definitely have many airdrop activities providing data to you, as they need to collect data. You can explore some official data center websites to earn some $VANA.
Website: https://datahub.vana.org/preregister
