What is Vana?
Vana is a distributed network for private, user-owned data, designed to enable user-owned AI. Users own, govern, and earn from the AI models they contribute to. Developers gain access to cross-platform data to power personalized applications and train frontier AI models.
The "Why"
The problem:Ā In todayās data economy, tech giants profit from the data you generate, while you get nothing in return. Reddit for example, earns $200M from selling user-generated content as AI training data. Worse, you have no say in how your data is used or who benefits from it.
The solution:Ā Vana changes that by giving you ownership over your data. Through DataDAOs, you can contribute, tokenize, and share your data. You decide how itās used, and you get rewarded for it. With Vana, data becomes an asset that empowers you ā whether itās used in AI development or other applications.
The "How"
Hereās how Vana works for you:
Contribute Data:Ā Users contribute data to DataDAOs. Contributions range from social media data to IoT and sensor data, all securely stored encrypted off-chain.Tokenize:Ā Validated data is tokenized, enabling secure data usage across different decentralized applications, particularly for AI model development.Earn and Govern:Ā Users gain governance rights in different DataDAOs, influencing decisions about data use and getting a share of profit when data is used.
Vana leverages blockchain to ensure transparency, security, and decentralization in how data is owned and shared.
VANA is on Binance launchpool
Binance is excited to announce the 62nd project on Binance Launchpool - Vana (VANA), a native EVM-compatible L1 blockchain for user-owned data. The webpage is estimated to be available in 12 hours, before the Launchpool starts.Ā
Users will be able to lock their BNB and FDUSD to receive VANA Airdrops over two days, with farming starting from 2024-12-14 00:00Ā (UTC).
Listing
Binance will then list VANA at 2024-12-16 10:00 (UTC) and open trading withĀ VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY trading pairs. The Seed Tag will be applied to VANA.
VANA Launchpool Details:
Token Name: Vana (VANA)Max Token Supply: 120,000,000 VANAĀ Total Genesis Token Supply: 112,641,600 VANA (93.87% of max token supply)Ā Launchpool Token Rewards: 4,800,000 VANA (4% of max token supply)Initial Circulating Supply When Listed on Binance Spot: 30,084,000 VANA (25.07%Ā of max token supply)Research Report: Vana (VANA) (will be available within 12 hours of publishing this announcementļ¼Layer 1 Network Details: Vana explorerLaunchpool Terms will apply and KYC completed to Binanceās satisfaction is requiredHourly Hard Cap per User:Ā 8,500 VANA in BNB pool1,500 VANA in FDUSD pool
Supported Pools:Ā
Lock BNB (webpage will be available in around 12 hours): 4,080,000 VANA in rewards (85%)Ā Lock FDUSD (webpage will be available in around 12 hours): 720,000 VANA in rewards (15%)Farming Period: 2024-12-14 00:00Ā (UTC) to 2024-12-15 23:59 (UTC).
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get usersā hourly average balances and calculate user rewards. User rewards will be updated each hour.Ā Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each poolās annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be locked in one Launchpool offer at a time. For example, if User A has 100 BNB, they cannot lock 100 BNB in Launchpool offer A and concurrently lock some or all of that BNB in Launchpool offer B. However, User A can divide their BNB holdings across multiple Launchpool offers. For example, User A can allocate 60 BNB into Launchpool offer A and 40 BNB into Launchpool offer B.Tokens can only be locked in one pool at a time when the user locked BNB in BNB Earn Product. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each userās spot accounts at the end of each farming period.Users who have locked their BNB in Flexible Products and Locked Products including Binance BNB Simple Earn Flexible and Locked will automatically participate in the Launchpool, and receive new token rewards.If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally unless otherwise specified.BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Web3 MPC Wallet will be supported in Launchpool reward calculation.BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdropsand VIP benefits.Trading Bots & Spot Copy Trading will be enabled for the aforementioned token within 12 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Currently, users residing in the following countries or regions will not be able to participate in farming VANA: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
$BNB $VANA
#Launchpool #Earn #PassiveIncome. Thanks