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 deal with 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 person autonomy and knowledge privateness. Its design emphasizes pace, scalability, and person empowerment, providing a strong basis for constructing decentralized apps (dApps).
Key Advantages of Vana
- Knowledge Possession: Customers retain full management over their knowledge and its utilization.
- Tokenized Knowledge: Knowledge is transformed into safe, tradable belongings.
- Privateness & Safety: Superior applied sciences like Trusted Execution Environments (TEEs) and Zero-Data Proofs (ZKP) guarantee knowledge stays personal and safe.
- Decentralized Governance: Individuals affect the community’s growth via on-chain voting.
About VANA Community
The VANA Community is constructed on two key layers:
- Knowledge Liquidity Layer: This foundational layer treats knowledge as a liquid asset. It validates, tokenizes, and facilitates knowledge buying and selling via decentralized markets often called DataDAOs.
- Knowledge Validation: Ensures the standard and uniqueness of knowledge through Proof of Contribution mechanisms.
- Knowledge 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.
- Knowledge Portability Layer: The applying layer that ensures knowledge stays interoperable throughout platforms and programs whereas sustaining person management.
- Cross-Software Sharing: Permits 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 stream throughout 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 person participation.
Token Utilities
- Community Safety: Validators stake $VANA to safe the community, incomes rewards in return for guaranteeing its stability.
- Transaction Charges: $VANA is used for all operations throughout the community, together with good contracts and DataDAO interactions.
- DataDAO Assist: $VANA tokens are staked in DataDAOs to assist knowledge liquidity swimming pools, rewarding contributors for his or her invaluable knowledge.
- Governance: $VANA token holders take part in decentralized governance by voting on proposals, influencing the community’s future course.
- Knowledge entry forex: $VANA is the first forex for accessing datasets inside DataDAOs, enabling the usage of tokenized knowledge in varied 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 energetic participation within the ecosystem, rewarding early contributors and staking members. This strategic distribution helps long-term development and growth for the Vana community, which goals to deliver actual worth to customers via decentralized knowledge possession and monetization. The distribution of $VANA token is as follows:
VANA Launchpool Particulars
Binance Launchpool is providing customers the possibility to farm VANA tokens as a part of its newest challenge. 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 entire token provide, will likely 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 simply 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 person per hour.
- FDUSD Pool: Most of 1,500 VANA per person per hour.
This can be 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 permits customers to earn new tokens by staking their current belongings like BNB, FDUSD, and extra. It helps modern blockchain initiatives by providing them visibility and early adoption inside Binance’s ecosystem.
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 begin farming VANA.
- Declare Rewards: Accumulate VANA tokens over the farming interval and declare them straight 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 modern use of blockchain expertise and a deal with person empowerment, Vana is poised to redefine how knowledge is owned, shared, and monetized.
Don’t miss the possibility to take part on this transformative challenge and farm $VANA tokens on Binance Launchpool beginning December 14, 2024.
