π΅οΈ Introducing $VANA: the native token powering the future of user-owned AI.
Launching at mainnet, $VANA will be used to power the Vana Network. π
Let's break down how the $VANA token functions to enable data transactions, security, and governance in the Vana protocol π§΅π
2/ The Vana protocol creates an entirely new asset class - data tokens - through two core primitives:
ποΈ Data Sovereignty: users have full control to own and manage their digital data
π Proof-of-contribution: applying ZK and TEE technology to use private data in AI training
3/ The $VANA token sits at the center of three main network components:
π§ Data Liquidity Pools: Enable users to contribute and govern their data via DataDAOs
βοΈ Nodes: Validate data contributions
βοΈ Validators: Secure the network
4/ $VANA's utility is comprehensive:
π Stake to participate in DLPs
π³οΈ Governance voting rights
πΈ Network transaction fees
π Rewards for network contributors
π Data access payments
5/ In the age of AI, where data is currency, $VANA will finally give users a stake in the digital economy
π Learn more about the utility of the $VANA token in the Vana protocol here: vana.org/posts/vana-whiβ¦
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π Weβre entering the next phase of Vana: with the creation of the Vana foundation, we're gearing up for the upcoming launch of Vana mainnet, a bold step forward in accelerating the AI data revolution.
Our mission? To empower individuals to reclaim control over their data and reshape how AI systems are built. Read the full announcement and highlights below π§΅
2/ Our novel approach centers on Data Liquidity Pools (DLPs), a new way for individuals to pool their data. These create high-quality datasets for AI, while ensuring contributors retain agency and benefit from their participation.
3/ DataDAOs pioneer the application of DLPs on Vana, where communities can collaboratively manage and monetize the shared data assets within DLPs. This framework puts users in full control by leveraging data regulation to take data out of walled gardens.