Binance will officially list VANA at 18:00 (UTC+8) on December 16, 2024 and apply the trading rules under the label “Seed Label Trading”.
I. Launchpool Details
- Token name: Vana (VANA)
- Initial Total Supply: 112,641,600 VANA (93.87% of Max Supply Total Supply)
- Max Supply: 120,000,000 VANA
- Initial Circulating Supply on Binance: 30,084,000 VANA (25.07% of total Max Supply)
- Total Allocation to Launchpool: 4,800,000 VANA (4% of Max Supply)
- Network Information: Vana Network Explorer
II. Introduction to Vana (VANA)
1. What is Vana?
Vana is a decentralized user data network, aiming to realize user-owned AI . Users own and manage the AI models they contribute, and monetize them. Developers can access cross-platform data, power personalized applications, and train advanced AI models.
- Origin: The project stems from a 2018 MIT study, with the goal of empowering users to control their personal data and the AI models they create.
- Open Source: Operates as a decentralized and permissionless network.
Market context:
- In the Web2 era, platform companies (like ByteDance) make huge profits from user data. For example, ByteDance with Jinri Toutiao achieves hundreds of billions of yuan in advertising revenue every year, but the core benefits still belong to the company.
- In the Web3 era, this phenomenon is even more pronounced. In 2024, Reddit earned $203 million from licensing data to AI companies, but users who contributed content received almost no benefit.
This prompted the creation of Vana , which aims to bring fairness to the data economy.
2. Technical architecture
Just as Bitcoin achieves Trustless value transfer and Ethereum achieves programmable state transitions, Vana achieves programmable data ownership, with the core principle of personal data sovereignty.
2.1 The “Double Spending” Problem of Data
Traditional blockchains emphasize public transparency and are therefore unsuitable for handling personal data. Vana solves this problem by combining private data storage with public ownership records.
Blockchain maintains the following global states:
- Data Ownership Record: Cryptographic Proof of data ownership.
- Access: Who can access what data and under what conditions.
- Proof of authenticity: Proof of the quality and authenticity of the data.
- On- chain data collective contracts and Token balances: Economic and governance rights.
While the data itself is stored on encrypted private servers or trusted secure environments, blockchain allows for programmatic control over the conditions of data access and how rewards flow back to the data creator.
2.2 Core Components
Private Servers : This is a secure platform for data sovereignty where users can choose to run servers on personal devices, trusted service providers, or lightweight clients.
Data Liquidity Pools (DLPs) : Vai as the orchestration layer for collective data assets, managing data verification rules, access permissions, and Token distribution.
Trusted Execution Environments (TEEs) : Provide trusted execution environments for private computations, performing complex operations without exposing data.
2.3 State transitions in the data economy
Vana solves the “double-spending” problem in data by combining privacy protection and programmatic access. Data transactions are XEM as state transitions, with each transaction updating the global state while simultaneously handling both a data transaction and an economic transaction.
These technical platforms support the creation, governance, and commercialization of collective data assets at scale.
3. Vana's Vision
Vana's goal is to disrupt the current data economy model, allowing users to regain ownership and control of their own data, as well as profit directly from training AI models with their data, becoming the true owners of their personal data.
III. Founding team
Vana was co-founded by two Filipino entrepreneurs, Anna Kazlauskas and Art Abal :
Anna Kazlauskas : With a background in computer science and economics, she was one of the first Ethereum miners and has done data research at international financial institutions. She also served as a policy advisor to the Prime Minister of East Timor, designing an egalitarian legal system.
Art Abal : Harvard University public policy graduate, previously led innovative data collection methods at AI training data provider Appen.
The two collaborated on the TOCA project, which offers data contribution rewards to low-income people in the Philippines, laying the foundation for the development of Vana.
IV. Token Economics
VANA is the native Token of the Vana network, powering its ecosystem and maintaining a secure, decentralized, user-owned data economy. It plays a core Vai in the network's multi- Token ecosystem.
Supply Overview:
Uses of VANA Token :
Token allocation details:
The total supply of VANA Token is 120 million, distributed as follows:
- 44% for community (unlocked in 36 months).
- 22.9% for ecosystem (unlocked in 48 months).
- 18.8% for core contributors (partial unlock after 1 year + 4 years full unlock).
- 14.2% for investors (partial unlock after 1 year + 3 years full unlock).
Initial circulating supply at TGE is 28.5% .
