Vana on Binance Launchpool: A Revolutionary Data Blockchain

user avatar

by Giorgi Kostiuk

2 years ago

Binance has announced the 62nd project on its Launchpool platform: Vana, a revolutionary blockchain aimed at transforming data ownership and monetization.

What is Vana?

Vana is a decentralized Layer 1 blockchain designed to give users control over their personal data. Unlike traditional data economies where big tech companies own and profit from user data, Vana aims to return power to individuals. The project uses a system called DataDAOs that allows users to securely tokenize and share their data while maintaining ownership and privacy.

How Does Vana Work?

Vana’s platform operates through several key steps empowering both users and developers:

1. **Contribute Data**: Users contribute various types of data into DataDAOs. 2. **Tokenize the Data**: Contributed data is tokenized and can be used in decentralized applications. 3. **Earn and Govern**: Users earn from their data usage and participate in governance decisions.

Launchpool on Binance

Starting from December 14, Binance users can participate in Vana’s Launchpool project. They can lock BNB and FDUSD to earn VANA airdrops. The maximum supply of VANA is capped at 120 million tokens with 4.8 million distributed as rewards.

Vana presents a new decentralized model for data control that could revolutionize how individuals and businesses handle data. With funding from top investors and exposure via Binance, Vana aims for successful rollout and expansion.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hyperliquid Strategies Files for Futures Commission Merchant Status

Hyperliquid Strategies has filed an application to become a futures commission merchant, allowing it to handle certain futures-related client functions.

user avatarAndrew Smith

Hyperliquid Strategies Reports Significant Growth in HYPE Token Treasury

Hyperliquid Strategies announced significant growth in its HYPE token treasury, reaching 385 million tokens as of September 30, following the deployment of 802 million tokens in the previous quarter.

user avatarJacob Williams

Alchemy Pay Expands Regulatory Reach with New License in Mississippi

Alchemy Pay has secured a money transmitter license in Mississippi, increasing its total to 20 states in the US.

user avatarZainab Kamara

Blockchain.com Introduces New Trading API for Institutional Clients

Blockchain.com has launched a trading API designed for institutions to access its liquidity across digital assets.

user avatarSon Min-ho

Warren and Trump Team Up for Credit Card Interest Rate Cap

Senator Elizabeth Warren announced her readiness to collaborate with President Donald Trump to implement a 10% cap on credit card interest rates, aiming to provide relief for millions of Americans burdened by high credit card debt.

user avatarAyman Ben Youssef

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.