Binance, the world’s leading crypto exchange, has unveiled VANA as its 62nd Launchpool project. VANA, an EVM-compatible Layer 1 blockchain, focuses on user data ownership and monetization. This innovative project promises to revolutionize how data is managed in a decentralized ecosystem.
Stake and Earn $VANA Tokens on Binance Launchpool
The VANA farming event begins on December 14, 2024, at 03:00 UTC and runs for two days, ending on December 15, 2024, at 02:59 UTC. Participants can stake BNB and FDUSD to earn $VANA rewards during the event.
What is VANA?
VANA is a blockchain platform designed to give users full control over their data. It is scalable, secure, and EVM-compatible, making it an ideal infrastructure for decentralized apps (dApps). By prioritizing user autonomy and data privacy, VANA redefines how personal data is handled.
Key Features of VANA
- Data Ownership: Users maintain full control over their data.
- Tokenized Data: Converts data into tradable digital assets.
- Privacy & Security: Implements technologies like Zero-Knowledge Proofs (ZKP) and Trusted Execution Environments (TEEs) for robust security.
- Decentralized Governance: Community members vote on network decisions via on-chain proposals.
$VANA Token Utilities
The $VANA token is the lifeblood of the VANA ecosystem. With a maximum supply of 120 million tokens, it powers all network operations and incentivizes user participation.
Key Token Utilities:
- Network Security: Validators stake $VANA to secure the network.
- Transaction Fees: Used for smart contracts and DataDAO interactions.
- Data Liquidity: Tokens support DataDAOs, rewarding contributors for valuable data.
- Governance: Token holders influence the platform’s future through voting.
- Data Access: $VANA is the main currency for accessing tokenized datasets.
Token Supply and Distribution
- Maximum Supply: 120,000,000 $VANA
- Genesis Supply: 112,641,600 $VANA (93.87% of the total supply)
- Circulating Supply at Launch: 30,084,000 $VANA (25.07% of the total supply)
The tokenomics are designed to reward early adopters and ensure long-term growth. By actively engaging in staking and governance, participants can help shape the ecosystem’s development.
A Decentralized Future with VANA
Binance’s launch of VANA marks a significant step toward decentralized data ownership. By staking and earning $VANA, users can play an active role in shaping this groundbreaking ecosystem.
