What is VANA?
Vana is a native EVM-compatible layer 1 blockchain designed to give users ownership and control of their data. Designed to meet the growing demand for decentralized, user-centric solutions, Vana combines the efficiency of Ethereum Virtual Machine (EVM) compatibility with the mission of redefining how data is managed and monetized.
Vana operates as a scalable and secure blockchain network, providing developers and users with a decentralized infrastructure tailored for applications that prioritize user autonomy and data privacy. Its design emphasizes speed, scalability and user empowerment, providing a solid foundation for building decentralized applications (dApps).
Main advantages of Vana
- Data ownership: Users retain full control over their data and its use.
- Tokenized data: Data is converted into secure, tradable assets.
- Privacy and security: Advanced technologies such as Trusted Execution Environment (TEE) and Zero-Knowledge Proof (ZKP) ensure the privacy and security of data.
- Decentralized governance: Participants influence the development of the network through on-chain voting.
About VANA Network
The VANA network is built on two key layers:
- data flow layer: This base layer treats data as liquid assets. It verifies, tags, and facilitates data transactions through a decentralized marketplace called DataDAO.
- Data validation: Ensure the quality and uniqueness of data through the contribution certification mechanism.
- data tokenization: Convert verified data into tradable tokens for decentralized applications (dApps).
- DataDAO: Serves as a marketplace where users can contribute, manage, and profit from their data assets.
- data portability layer: The application layer ensures data interoperability between platforms and systems while maintaining user control.
- Share across applications: Supports secure, seamless data movement between services.
- interoperability: Supports compatibility with multiple ecosystems.
- dApp integration: Provide support for applications such as artificial intelligence models and data-driven tools.
Vana L1 serves as an open, real-time record of data flow within the ecosystem.
KIDS Token ($KIDS)
VANA Token ($VANA) is the native currency powering the VANA ecosystem. $VANA, with a token supply capped at 120 million, is the core of network operations and incentivizes user participation.
Token Utility
- Internet security: Validators stake $VANA to protect the network and earn rewards by ensuring its stability.
- Transaction fees: $VANA is used for all operations within the network, including smart contracts and DataDAO interactions.
- DataDAO support: $VANA tokens are staked in DataDAO to support the data liquidity pool and reward contributors for their valuable data.
- governance: $VANA token holders participate in decentralized governance by voting on proposals, influencing the future direction of the network.
- Data access currency: $VANA is the primary currency for accessing data sets within DataDAO, supporting the use of tokenized data in a variety of applications.
Token supply and distribution
- Maximum supply: $120,000,000 Old
- Genesis Token Supply: 112,641,600 $VANA (93.87% of maximum supply)
- Initial circulation at launch: 30,084,000 $VANA (25.07% of maximum supply)
VANA’s token economics are designed to incentivize active participation in the ecosystem, rewarding early contributors and staking participants. This strategic distribution supports the long-term growth and development of the Vana network and aims to bring real value to users through decentralized data ownership and monetization. The allocation of $VANA tokens is as follows:
VANA launch pool details
As part of its latest project, Binance Launchpool offers users the opportunity to farm VANA tokens. Started with 00:00, December 14, 2024 (UTC)users can stake BNB or FDUSD in designated pools to earn VANA tokens as rewards. There are total 4,800,000 old,represent 4% of total token supplywill be distributed during this event.
The reward distribution is structured as follows:
- Binance Coin Mining Pool: 4,080,000 VANA (85% of total rewards).
- FDUSD pool: 720,000 VANA (15% of the total reward).
Please note that the farming period only lasts until December 15, 2024 23:59 (UTC).
VANA agricultural accumulation
Binance users who stake BNB or FDUSD will accumulate VANA tokens every hour during the two-day mining period. Events have hourly limits to ensure fairness:
- Binance Coin Mining Pool: Maximum 8,500 VANA per user per hour.
- FDUSD pool: Maximum 1,500 VANA per user per hour.
This is a unique opportunity to acquire VANA Tokens before they are widely released, so participate early to maximize your rewards.
About Binance Launch Pool
Binance Launchpool is a platform that allows users to earn new tokens by staking existing assets such as BNB and FDUSD. It supports innovative blockchain projects by providing visibility and early adoption within the Binance ecosystem.
How to participate in Launchpool
- Login to Binance: Make sure your account has completed KYC verification.
- Go to launch pool: Navigate to the Launchpool section under the Earn tab.
- select pool: Select BNB or FDUSD pool.
- Pledge your assets:Lock your BNB or FDUSD to start mining VANA.
- claim rewards: Accumulate VANA tokens during farming and receive them directly in your wallet.
in conclusion
Vana’s debut on Binance Launchpool marks the emergence of a new paradigm in the digital economy – one in which data ownership shifts from companies to individuals. With its innovative use of blockchain technology and focus on user empowerment, Vana is poised to redefine how data is owned, shared and monetized.
Don’t miss the opportunity to participate in this transformative project and farm $VANA tokens on Binance Launchpool starting December 14, 2024.
