Binance lists Vana (VANA) on Binance Launchpool $VANA

👉 Binance has introduced its 62nd project on Binance Launchpool, Vana (VANA) – a native EVM-compatible L1 blockchain for user-owned data.

👉 Vana is a decentralized Layer 1 project that allows users to mine, share personal data from platforms like Reddit, LinkedIn, X, and earn income from their data. The project has raised $25 million from Polychain Capital, Paradigm, and Coinbase Ventures.

👉 With its solution, Vana employs a mechanism to incentivize users to share personal data into the network securely and in a controlled manner. This helps build a decentralized, high-quality data source, facilitating the development of advanced AI models, thereby better meeting the diverse needs of people.

Highlights of Vana:

- Data aggregation through data DAOs, secured by contribution proofs

- Contributors receive ownership in the AI models they help develop

- EVM compatibility to create flexible incentives: tokens based on datasets and AI model tokens

- Top 16 data DAOs will receive emission rewards

👉 Total project supply: 120 million Tokens

- Launchpool Token rewards: 4.8 million Tokens (4% of total supply)