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Vana is a distributed network for private, user-owned data, designed to enable user-owned AI. Users own, govern, and earn from the AI models they contribute to. Developers gain access to cross-platform data to power personalized applications and train frontier AI models.

How Vana works:

• Contribute Data: Users contribute data to DataDAOs. Contributions range from social media data to IoT and sensor data, all securely stored encrypted off-chain.
• Tokenize: Validated data is tokenized, enabling secure data usage across different decentralized applications, particularly for AI model development.
• Earn and Govern: Users gain governance rights in different DataDAOs, influencing decisions about data use and getting a share of profit when data is used.

VANA is a native coin of the Vana ecosystem, operating on Vana blockchain, and can be used to:

• Validators stake VANA to secure the blockchain and receive staking rewards
• Pay for all network transactions
• Data contributors stake VANA to influence reward distribution mechanisms and align incentives for top DataDAOs
• VANA holders actively participate in the decentralized governance of the Vana Network, voting on proposals and influencing key decisions

Specifications

• Name: Vana
• Symbol: VANA
• Platform: Vana
• Type: Utility, Governance
• Total supply: 120,000,000 VANA