Key Points
- Trading will open with the following pairs: VANA/USDT, VANA/BNB, VANA/FDUSD and VANA/TRY.
- Users can farm VANA by locking BNB and FDUSD
Binance has just announced its 62nd project on Launchpool – Vana (VANA), a native EVM-compatible L1 blockchain for user-owned data.
According to the official announcement, users can lock their BNB and FDUSD to receive VANA Airdrops over two days. Farming will start tomorrow, December 14, at 00:00 (UTC).
Binance will be the 1st platform to list VANA.
VANA Listing Details
The exchange will list VANA on December 16 at 10:00 (UTC). Trading will open with the following pairs:
- VANA/USDT
- VANA/BNB
- VANA/FDUSD
- VANA/TRY
Binance also announced that VANA will be listed with Seed Tag applied, meaning that the token might exhibit higher volatility compared to other listed projects, and users should DYOR before deciding to invest.
VANA Launchpool Details
- Maximum Token Supply: 120 million VANA
- Total Genesis Token Supply: 112,641,600 VANA, representing 93.87% of the maximum token supply
- Launchpool Token Rewards: 4,8 million VANA, representing 4% of the maximum token supply
- Initial Circulating Supply: 30,084,000 VANA, representing 25.07% of the maximum token supply
- Hourly Hard Cap per User: 8,500 VANA in BNB pool and 1,500 VANA in FDUSD pool
- Lock BNB: 4,080,000 VANA in rewards (85%)
- Lock FDUSD: 720,00- VANA in rewards (15%)
What is Vana (VANA)?
Vana is a distributed network for private, user-owned data, designed to enable user-owned AI. The platform allows users to own, govern, and earn from the AI models they contribute to. Also, developers gain access to cross-platform data to power personalized apps and train frontier AI models.
Usually AI training data is held by centralized platforms despite being legally owned by users. Data Liquidity Pools (DLPs) incentivize, aggregate, and cryptographically verify valuable data, liberating it to push the frontiers of AI, the official website of the project notes.
Vana makes data portable and non-custodial. Users can simply log in with their wallets.
Vana originated as an MIT project in 2018, that was focused on enabling users to own their data and the AI models they created. Vana is an open-source project that works as a permissionless, decentralized network.
VANA is the native token of the Vana Network, powering the ecosystem and supporting secure, user-owned, decentralized data transactions.
VANA Token Utility
- Network security
- Governance voting
- Transaction fees
- DataDAO participation
- Data access currency
VANA Token Distribution
- 44% of the tokens go to the community (36 months unlocks)
- 22.9% of the tokens go to the ecosystem (48 months unlocks)
- 18.8% go to the core contributors (5 years vesting)
- 14.2% go to investors (4 years vesting)
The team behind the project explained that Vana is the first open protocol for AI data sovereignty.
