A long, long time ago, I can't remember how long, I bought the $RDAT @rdatadao coin.
The reasons are as follows⬇️
1. Vana's investment background is very strong, with Coinbase Ventures + Paradigm as the lead investors;
2. The concept is good, a decentralized data DAO;
But the result is disappointing, I cleared the shit coin on Base shortly before the RDAT rebound. I'm a bit frustrated.
As of now, $VANA has been listed on Binance Launchpool and Upbit, and I estimate that Coinbase is also very likely to announce a listing (similar to $MOVE $ME). So I'm also riding the hype and sharing my thoughts on $VANA with everyone.
1. Data
The AI+data thing has actually been an old topic, and there are also many projects doing related things, such as $GRASS. Grass uses users' network resources to obtain Internet data, and then filters out high-quality data through its unique model, and finally feeds it to AI models. The secret to AIXBT's success is also related to the data behind it.
Vana's main selling point is the "Own" of personal user data, allowing users to truly own and control their own data. At the same time, Vana also provides a destination for the data (with strict data quality review, verification and privacy protection), and users can provide their own data for AI model training and earn income. We can also classify Vana as an AI Agent infrastructure track.
This concept is not bad, but whether users will buy in (willing to sell their own data) is still up for debate. Or, Vana may consider introducing an ecosystem Token in the future to incentivize more users to provide data, thereby expanding the user data volume. The increase in the scale of data will be directly related to Vana's own influence - as the ecosystem expands, it will draw market attention to $VANA.
The core of the AI+data track is the quality of the data itself.
2. Token model
$VANA has a total supply of 120 million, with an initial circulating supply of 28.5% at TGE.
https://x.com/withvana/status/1867038751979081923
Those who have read my previous tweets should be able to get a sense of my thoughts on the future: there will be more and more projects releasing more tokens at TGE, with the initial circulating supply becoming higher and higher. I think this will be a trend, like the current $MOVE $VANA, which have over 20% initial circulations. In the future, there may be projects with 50% TGE circulations, we'll see.
From a valuation perspective, Vana is a Layer1, so we should use Layer1 valuations to value Vana, just as we should use Layer1 valuations to value $HYPE. One of the utilities of $VANA is for Network security and Transaction fees. Considering its listings on Binance and Upbit, a high opening price is not surprising. I'm more inclined not to buy at the opening, and will observe its ecosystem heat before making an investment decision.
The above are my insights on $VANA. NFA.
Finally, a small advertisement for my paid group, which currently has around 450 members. It is jointly operated by me and Mantou, with me mainly responsible for research and fundamentals, and Mantou mainly looking at secondary markets and on-chain memes. We both keep an eye on Alpha content. The price is 3SOL/year.
TG Channel: https://t.me/SleepinRain
Reading List: https://docs.google.com/spreadsheets/d/1JSmI-YDvbdxXJ1Tud2sK8mly33zh1VmcH8i5wUgSYs0/edit?usp=sharing
Quality CT Information Flow: https://x.com/i/lists/1795371206344130752
