#CryptoUsersHit18M Vana - The 62nd Bullish Project on Binance Launchpool
On December 13th, Binance launched the 62nd project on Binance Launchpool, $Vana and listed $Vana on 16th of December!
What is Vana?
Vana is a layer 1 blockchain designed specifically for private, user-owned data. The project focuses on transforming data into assets to propel the development of decentralized AI. Users can own, control and monetize the AI models they contribute to. Developers can also access data across multiple platforms to power personalized applications and train advanced AI models.
Vana is EVM-compatible and designed for collective ownership of private datasets. The project drives data's impact on the future of AI, providing integration support through "Data DAOs" and rewards for the top 16 liquidity pools.
At its core, Vana addresses the double-spending problem, ensuring that data is used as a financial asset in flexible and structured ways. This is achieved through proof-of-contribution to verify data's value while preserving privacy and ensuring data is used only for approved activities.
These mechanisms create a trustless environment where data can be tokenized and traded without compromising user privacy or control. This paradigm shift not only democratizes AI development but also balances the interests of data owners, developers and consumers, creating an economy owned by participants rather than centralized entities.
Vana successfully raised a total of $25 million in funding to advance its mission of creating user-owned AI and overcoming the data barrier. This funding includes $5 million from a strategic round with Coinbase Ventures, $18 million in a series A round with Paradigm and $2 million in a seed round led by Polychain. The project has also garnered support from Casey Caruso, Packy McCormick, Manifold, GSR, SCB 10X, Defiance Capital, Auros Ventures, MH Ventures...
The project released a mini-app on Telegram, allowing participants to earn VANA points that can be converted into valuable rewards in the future.
VANA token information
On December 12, Vana Network announced the VANA token and related information. Out of the total supply of 120,000,000 VANA, the project allocates 66.9% to the community and ecosystem. The floating supply at TGE is 25.1%.
In the next phase, the project will maintain global development, focusing on:
👉Data ownership profiles: Cryptographic proof of data ownership.
👉Access rights: Classification of user groups that can access decentralized data under specific conditions.
👉Authenticity proof: Certification of data quality, authenticity, and metadata.
👉On-chain collective data contracts and token balances: Enhancing governance rights and strengthening the economic model.
🔥VANA is the native token of the Vana Network, powering the ecosystem and supporting user-owned, decentralized, secure data transactions. VANA plays a central role in the network's multi-token ecosystem.
Token name: Vana Network
Symbol: VANA
Total supply: 120,000,000 VANA
Allocation
Community: 44%
Ecosystem: 22.9%
Core contributors: 18.8%
Investors: 14.2%