The token generation event and trading of VANA tokens will start on December 16, 2024, in the Binance Launchpool. Users can trade VANA tokens against profitable trading pairs such as VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY. The listing and airdrop of the native, EVM-compatible L1 blockchain of the VANA network will be the 62nd project on the Binance Launchpool. The airdrop farming for the VANA tokens will begin on 14th December 2024. Users can receive VANA airdrops by locking in BNB and FDUSD.
Of the maximum total supply of 120,000,000 VANA tokens, 4,800,000 (4% of the maximum token supply) are set aside for the Launchpool token rewards. The farming period for the airdrop will be from 2024-12-14 00:00 (UTC) to 2024-12-15 23:59 (UTC). If you lock BNB tokens, you get 4,080,000 VANA in rewards (85%). If you lock FDUSD, you get 720,000 VANA in rewards (15%).
What is Vana?
Vana is a layer 1 protocol for user-owned data that transforms the process of sharing, owning, and monetizing data. With the Vana protocol, developers can create data-driven decentralized applications (dApps) using AI technology.
Unlike similar data-sharing platforms, Vana lets you own and earn from the data. You get to decide the use cases of the data. Here is how the Vana platform works. First of all, you create and contribute data to DataDAOs which are encrypted and stored offline. After the right amount of validation, it is tokenized. The users eventually get access to the governance of different DataDAOs and get a share of the profit.
The Vana ecosystem also provides many benefits to the users such as data ownership, access to tokenized data, privacy and security, and an opportunity to participate in decentralized governance.
More about the VANA Tokens
VANA tokens enable users to own the data both at individual and collective levels. The tokenomics of VANA tokens is designed in such a way that every stakeholder and participant of the Vana ecosystem, such as validators, DLP creators, stakers, and community members, are adequately incentivized.
The token emission schedules of VANA tokens are carefully planned by focussing on long-term sustainability and development. The VANA tokens lay the foundation for bringing in data usability through the use of AI technology.
VANA tokens have many use cases which are explained below.
- VANA tokens secure the blockchain through reliable blockchain transactions and provide staking rewards to validators for their conservation efforts.
- All the fees related to the VANA network transactions such as those for data-related operations, smart contract executions, and interactions with DataDAOs are paid using the VANA tokens.
- Users can also stake VANA tokens on various DataDAOs to earn increased rewards.
- VANA token holders can actively participate in the governance of the Vana ecosystem and voting.
The following table shows the token distribution of VANA tokens for various purposes.
| Category | Allocation |
|---|---|
| Core Contributors | 18.8% |
| Community | 44% |
| Investors | 14.2% |
| Ecosystem | 22.9% |
How to Participate in VANA Airdrop?
To determine the eligibility for the VANA airdrop, the platform had opened a pre-mine application till December 9. The users’ interaction with the VANA telegram bot and their engagement with the community determine their share of VANA tokens in the airdrop period.
The steps to participate in the VANA airdrop are as follows.
- Visit the VANA website and connect your Telegram account to it.
- Connect an EVM-compatible wallet such as MetaMask to the VANA website.
- Engage with the Vana Telegram bot through chatting.
- Get involved in various social tasks to get free VANA tokens.
- Earn an additional 1000 VANA coins by inviting a friend to the Vana ecosystem.
The pre-mine window for this phase of the VANA airdrop has been closed. No new applications are accepted now. You can make use of these steps to take part in the next phase of the VANA airdrop.
The Bottom Line
VANA airdrop and official token listing are important events as the VANA ecosystem is expected to become a platform of great utility. You should boost your engagement with the Vana ecosystem and participate in all the social tasks to gain greater rewards.
