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VANA Token is Now Live on Binance after Its Debut on Launchpool

DATE POSTED:December 16, 2024

VANA has been successfully listed on Binance today, following its 62nd Launchpool. During the event, users had the opportunity to receive a VANA airdrop from a 4.8M VANA pool by locking BNB and FDUSD.

About Binance Launchpool

Binance Launchpool allows users to earn new tokens by locking their assets, such as BNB or FDUSD, without the need to make a purchase. Unlike Binance Launchpad, which focuses on token purchases, Launchpool offers a simple way to earn rewards proportional to the amount and duration of your lock. It provides flexibility in receiving rewards and unlocking funds at any time.

Additionally, Binance supports featured projects with advisory services, marketing, and community engagement, ensuring a safe, fair, and globally accessible platform with professional guidance and liquidity.

What is Vana?

Vana is a user-owned data network that transforms how data is controlled, shared, and monetized. The Vana L1 blockchain lets users pool their data in DataDAOs while maintaining privacy and control. Developers can leverage these decentralized datasets to build AI models and data-driven dApps. As an EVM-compatible blockchain, Vana helps individuals regain control over personal data, supporting secure, private data transactions and user-owned AI at both individual and collective levels.

Vana Token

VANA is the native token of the Vana Network, driving its ecosystem and supporting secure, decentralized data transactions. It plays a central role in the multi-token ecosystem through these key use cases:

  • Network Security: Validators stake VANA for blockchain stability.
  • Transaction Fees: VANA pays for transactions, smart contract executions, and interactions with DataDAOs.

DataDAO Staking: Users stake VANA to earn rewards and boost DataDAO performance.

The post VANA Token is Now Live on Binance after Its Debut on Launchpool appeared first on BeInCrypto.