What’s Vana (VANA)?
Vana is a local EVM-compatible Layer 1 blockchain designed to empower customers with possession and management over their knowledge. Constructed to handle the rising demand for decentralized, user-centric options, Vana combines the effectivity of Ethereum Digital Machine (EVM) compatibility with a mission to redefine the best way knowledge is managed and monetized.
Vana operates as a scalable and safe blockchain community, offering builders and customers with a decentralized infrastructure tailor-made for functions that prioritize consumer autonomy and knowledge privateness. Its design emphasizes pace, scalability, and consumer empowerment, providing a sturdy basis for constructing decentralized apps (dApps).
Key Advantages of Vana
- Information Possession: Customers retain full management over their knowledge and its utilization.
- Tokenized Information: Information is transformed into safe, tradable belongings.
- Privateness & Safety: Superior applied sciences like Trusted Execution Environments (TEEs) and Zero-Data Proofs (ZKP) guarantee knowledge stays non-public and safe.
- Decentralized Governance: Members affect the community’s improvement by means of on-chain voting.
About VANA Community
The VANA Community is constructed on two key layers:
- Information Liquidity Layer: This foundational layer treats knowledge as a liquid asset. It validates, tokenizes, and facilitates knowledge buying and selling by means of decentralized markets referred to as DataDAOs.
- Information Validation: Ensures the standard and uniqueness of knowledge by way of Proof of Contribution mechanisms.
- Information Tokenization: Converts validated knowledge into tradable tokens for decentralized functions (dApps).
- DataDAOs: Act as marketplaces the place customers can contribute, govern, and revenue from their knowledge belongings.
- Information Portability Layer: The appliance layer that ensures knowledge stays interoperable throughout platforms and programs whereas sustaining consumer management.
- Cross-Utility Sharing: Allows safe, seamless knowledge motion between companies.
- Interoperability: Helps compatibility with a number of ecosystems.
- dApps Integration: Powers functions like AI fashions and data-driven instruments.
The Vana L1 serves as an open, real-time file of knowledge circulation inside the ecosystem.
VANA token ($VANA)
The VANA token ($VANA) is the native forex powering the VANA ecosystem. With a capped provide of 120 million tokens, $VANA is central to community operations and incentivizes consumer participation.
Token Utilities
- Community Safety: Validators stake $VANA to safe the community, incomes rewards in return for making certain its stability.
- Transaction Charges: $VANA is used for all operations inside the community, together with good contracts and DataDAO interactions.
- DataDAO Help: $VANA tokens are staked in DataDAOs to help knowledge liquidity swimming pools, rewarding contributors for his or her priceless knowledge.
- Governance: $VANA token holders take part in decentralized governance by voting on proposals, influencing the community’s future path.
- Information entry forex: $VANA is the first forex for accessing datasets inside DataDAOs, enabling using tokenized knowledge in numerous functions.
Token Provide & Distribution
- Max Provide: 120,000,000 $VANA
- Genesis Token Provide: 112,641,600 $VANA (93.87% of max provide)
- Preliminary Circulating Provide at Launch: 30,084,000 $VANA (25.07% of max provide)
The tokenomics of VANA are designed to incentivize lively participation within the ecosystem, rewarding early contributors and staking contributors. This strategic distribution helps long-term development and improvement for the Vana community, which goals to convey actual worth to customers by means of decentralized knowledge possession and monetization. The distribution of $VANA token is as follows:
VANA Launchpool Particulars
Binance Launchpool is providing customers the prospect to farm VANA tokens as a part of its newest mission. Beginning on 2024-12-14 at 00:00 (UTC), customers can stake BNB or FDUSD in designated swimming pools to earn VANA tokens as rewards. A complete of 4,800,000 VANA, representing 4% of the full token provide, will probably be distributed throughout this occasion.
Right here’s how the reward allocation is structured:
- BNB Pool: 4,080,000 VANA (85% of complete rewards).
- FDUSD Pool: 720,000 VANA (15% of complete rewards).
Take observe that the farming interval is barely lasting to 2024-12-15 at 23:59 (UTC).
VANA Farming Accumulation
Through the two-day farming interval, Binance customers who stake their BNB or FDUSD will accumulate VANA tokens hourly. The occasion options hourly limits to make sure equity:
- BNB Pool: Most of 8,500 VANA per consumer per hour.
- FDUSD Pool: Most of 1,500 VANA per consumer per hour.
It is a distinctive alternative to accumulate VANA tokens earlier than their wider launch, so stake early to maximise your rewards.
About Binance Launchpool
Binance Launchpool is a platform that enables customers to earn new tokens by staking their current belongings like BNB, FDUSD, and extra. It helps progressive blockchain tasks by providing them visibility and early adoption inside Binance’s ecosystem.
Easy methods to Take part in Launchpool
- Log In to Binance: Guarantee your account has accomplished KYC verification.
- Go to Launchpool: Navigate to the Launchpool part beneath the “Earn” tab.
- Choose the Pool: Select between BNB or FDUSD swimming pools.
- Stake Your Property: Lock your BNB or FDUSD to start out farming VANA.
- Declare Rewards: Accumulate VANA tokens over the farming interval and declare them immediately in your pockets.
Conclusion
Vana’s debut on Binance Launchpool indicators the emergence of a brand new paradigm within the digital economic system—one the place knowledge possession shifts from companies to people. With its progressive use of blockchain know-how and a concentrate on consumer empowerment, Vana is poised to redefine how knowledge is owned, shared, and monetized.
Don’t miss the prospect to take part on this transformative mission and farm $VANA tokens on Binance Launchpool beginning December 14, 2024.
