Data source: Golden Finance, Vana official website, white paper, Twitter Compilation: Golden Finance

2024 December On March 13, Binance announced that Binance Launchpool launched the 62nd project - Vana (VANA), a native EVM-compatible L1 blockchain for user-held data. Users can invest BNB and FDUSD into the VANA reward pool on the Launchpool website after 08:00 on December 14, 2024 (East Eighth District time) to obtain VANA. The VANA activity lasts for a total of 2 days.

Reminder: Binance will be the first platform to list this token, and any claim to sell the token before the specified timeline is false advertising.

New currency listing

Binance will list Vana (VANA) at 18:00 on December 16, 2024 (Eastern Eighth District time), and open VANA/USDT , VANA/BNB, VANA/FDUSD and VANA/TRY trading markets, seed tag trading rules apply.

1. Launchpool details

Token name: Vana (VANA)

Generation token supply Total supply: 112,641,600 VANA (93.87% of the maximum supply of tokens)

Maximum supply of tokens: 120,000,000 VANA

Initial circulation of the spot when Binance listed the currency: 30,084,000 VANA (25.07% of the maximum supply of the token)

Total Launchpool amount: 4,800,000 VANA (4% of the maximum supply of tokens)

Network details: Vana web browser

2. Introduction to Vana (VANA) 1. What is Vana?

Vana is a distributed private user data network designed to enable user-owned AI. Users own, manage and profit from the AI ​​models they contribute. Developers can access cross-platform dataData to power personalization applications and train cutting-edge AI models.

Vana originated as a 2018 MIT research project dedicated to letting users own their own data and the AI ​​models they create. It is completely open source and operates as a permissionless decentralized network. The Open Data Foundation works to drive mass adoption of the Vana protocol, while other contributing organizations such as Corsali focus on research and development.

In the Web2 era, platform companies achieve commercialization by collecting user data for free. For example, ByteDance's Toutiao's advertising revenue alone can reach tens of billions of yuan a year. And even if content creators get a certain share of the platform, the core interests are still firmly controlled by the company.

In the Web3 era, this phenomenon has become more and more intense. Reddit made $203 million in 2024 alone from data licensing deals with AI companies, but users who contribute content to the platform receive next to nothing. This imbalance drove the creation of Vana.

2. Technical architecture

Just like Bitcoin realizes trustless value transfer, Ethereum realizes programmable state transition, and Vana realizes programmable data ownership. The core principle is personal data sovereignty.

2.1 Double-spending problem of data

The core challenge of capitalizing data is to Unlike other digital assets, the economic value of data depends on controlled access—once the data becomes public, its market value is lost. Traditional blockchain emphasizes public verification and is therefore not suitable for handling private data. Vana solves this problem by combining private data hosting with public ownership records.

Blockchain maintains the following global state:

• Data ownership record: Data holdings Cryptographic proof

•Access rights: who can access which data and under what conditions

;">•Proof of verification: Proof of data quality and authenticity

•On-chain data collective contract and token balanceUM: Economic Rights and Governance

Although the data itself is kept in encrypted personal servers or trusted secure areas, blockchain allows programmatic control of the data. conditions of access, and how revenue flows back to the data creators.

2.2 Core Components

Personal server provides a secure basis for data sovereignty. Users can choose to Run these servers on local devices, trusted service providers, or lightweight clients.

Data Liquidity Pools (DLPs) serve as the coordination layer for collective data assets, managing data verification rules, access rights and token distribution.

Trusted Security Zone provides a Trusted Execution Environment (TEE) for private computing to complete complex operations without exposing data.

2.3 State transition of data economy

Vana through privacy protection and programmable access rights The combination solves the "double spending" problem of data. Data transactions are regarded as state transitions, and each transaction updates the global state while processing data and economic transactions.

These technical foundations provide support for the subsequent creation, governance and large-scale monetization of collective data assets.

3.Vana’s vision

Vana’s goal is to break the existing data economic model, allowing users to regain ownership and control of their own data, and through data training AI models, gain direct benefits from it, and become the master of their own data.

3. Founding Team

Vana is jointly founded by two Filipino entrepreneurs, Anna Kazlauskas and Art Abal. Founded by:

Anna Kazlauskas: Has a background in computer science and economics, participated in Ethereum mining in the early days, and has conducted data research in international financial institutions. She also served as an advisor to the Prime Minister of East Timor and designed a legal system for equality for all.

Art Abal: Harvard University PublicMaster, once led innovative data collection methods at Appen, an AI training data provider.

The two have collaborated on the TOCA project, which provides low-income people in the Philippines with the opportunity to get paid for contributing data, laying the foundation for the development of Vana.

4. Token Economics

VANA is the native token of Vana Network, powering its ecosystem and supporting secure, user-owned, decentralized data trade. It plays a central role in the network’s multi-token ecosystem.

Supply Overview

•Total Supply: 120,000,000 $VANA

•Ecosystem and Community Distribution : 66.9%

•Circulating supply at TGE: 28.5%

VANA Token Purpose

•Network security: Support the verifier mechanism through staking to protect network security.

•Governance voting: holders can participate in governance decisions.

•Transaction fees: used to pay for network operations.

•DataDAO participation: As the core participation tool of the data liquidity pool.

•Data access currency: used to purchase and trade data access.

The total supply of VANA tokens is 120 million, of which 44% will be allocated to the community (unlocked in 36 months), 22.9% will be allocated to the ecosystem (unlocked in 48 months), 18.8% will be allocated to core contributors (part unlocked after 1 year + unlocked in 4 years), 14.2% will be allocated to investors (1 Partially unlocked after 2 years + unlocked after 3 years). Circulation at the time of TGE (Token Generation) is 28.5%.