Vana Price
(VANA)
USD($)
Vana (VANA) Live Price Chart
Overview
About
Analysis
FAQ
Vana Live Price Data
The live price of Vana is $14.19, with a total trading volume of $ 18,596 in the last 24 hours. The price of Vana changed by -6.87% in the past day, and its USD value has decreased by -24.81% over the last week. With a circulating supply of -- VANA, the market cap of Vana is currently -- USD, marking a --% increase today. Vana currently ranks #126 in market cap.
How do you feel about Vana today?
Note: This data is for reference only.
Vana(VANA) Profile
Rank126
--Expand 
Website
- --
Documentation
- --
Explorer
- --
Contract
- --
Audited By
- --
Code & Community
- --
Investors
- --
$13.87
$15.25
- ATH
- --
- Price Change (1h)
- +2.04%
- Price Change (24h)
- -6.87%
- Price Change (7d)
- -24.81%
- Market Cap
- --
- 24h Volume
- $18,596
- Circulating Supply
- --
- Max Supply
- --
About VANA
How can I buy Vana (VANA)?
Buying VANA on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Vana (VANA) for more information. What Is Vana (VANA) Crypto?
Vana is a blockchain project that lets you control and monetize your personal data. It operates as an EVM-compatible Layer 1 blockchain, enabling you to contribute your data to decentralized pools called DataDAOs. These DataDAOs tokenize and securely store your data, making it accessible for applications like AI development and decentralized apps (dApps).
By participating in Vana, you can earn rewards when your data is used to train AI models. The platform ensures your privacy and security through advanced technologies like Trusted Execution Environments (TEEs) and Zero-Knowledge Proofs (ZKPs). Additionally, as a VANA token holder, you can participate in governance decisions, influencing the network's future direction.
How Does Vana Network Work?
Vana empowers you to control and monetize your personal data. You can export your data from various platforms and store it securely in your personal server, protected by your private encryption key.
By joining DataDAOs—decentralized data collectives—you pool your data with others. These DataDAOs negotiate directly with AI companies and developers, allowing you to earn rewards when your data is used to train AI models.
The VANA token facilitates this ecosystem. It enables data validation, governance, and access within the network. When AI companies want to access data from a DataDAO, they use VANA tokens to purchase and burn the DataDAO's specific tokens. This process ensures that value flows back to you and other data contributors.
History of Vana (VANA) Coin
Vana began as an MIT research project in 2018, aiming to give users control over their data and the AI models they help create.
In September 2024, Vana secured $25 million in funding to advance user-owned AI. This included a $5 million strategic round with Coinbase Ventures, an $18 million Series A with Paradigm, and a $2 million seed round led by Polychain.
The Vana Foundation, established to promote decentralized AI, announced the mainnet launch on December 16, 2024. This launch introduced the VANA token, central to data validation, governance, and access within the network.
Looking ahead, Vana plans to onboard 100 million users, aggregate the world's largest training dataset, and develop a user-owned foundation model.
What Is VANA Token Used for?
VANA is the native token of the Vana network, serving multiple purposes:
1. Transaction Fees: You use VANA to pay for all transactions within the network, including smart contract executions and data operations.
2. Network Security: Validators stake VANA to secure the blockchain and validate transactions, ensuring network reliability.
3. DataDAO Staking: By staking VANA in DataDAOs, you support data liquidity pools and earn rewards, promoting high-quality data contributions.
4. Governance: Holding VANA allows you to participate in voting on proposals and network parameters, contributing to decentralized decision-making.
5. Data Access: VANA serves as the default currency for accessing datasets managed by DataDAOs, facilitating seamless data utilization across applications.
Additionally, you can trade VANA tokens on various cryptocurrency exchanges, including the KuCoin Spot Market, providing liquidity and investment opportunities.
What Is Vana Tokenomics?
VANA is the native token of the Vana network, designed to facilitate user-owned data and decentralized AI. The total supply of VANA tokens is capped at 1 billion.
1. Core Contributors: Allocated 18.8% of the total supply. No tokens are released at the Token Generation Event (TGE). These tokens have a 12-month lock-up period, followed by a 48-month linear unlock, becoming fully unlocked by month 60.
2. Community: Receives 44.0% of the total supply. At TGE, 20.3% of this allocation is released. The remaining tokens are unlocked linearly over 36 months, with no initial lock-up, reaching full availability by month 36.
3. Investors: Granted 14.2% of the total supply. There is no release at TGE. These tokens are subject to a 12-month lock-up, followed by a 36-month linear unlock, becoming fully unlocked by month 48.
4. Ecosystem: Allocated 22.9% of the total supply. At TGE, 4.8% of this allocation is released. The remaining tokens are unlocked linearly over 48 months, with no initial lock-up, reaching full availability by month 48.
Vana (VANA) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-1.08 | -7.09% |
| 7 Days | $-4.73 | -25.06% |
| 30 Days | $-4.73 | -25.06% |
| 3 Months | $-4.73 | -25.06% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Vana Conversion Rate
FAQ
How much is 1 Vana (VANA) worth?
KuCoin provides real-time USD price updates for Vana (VANA). Vana price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time VANA to USD exchange rates. Is Vana (VANA) a Good Investment?
Investing in Vana (VANA) offers several advantages:
1. User-Owned Data Economy: Vana empowers you to control and monetize your personal data, transforming it into a valuable asset.
2. Decentralized AI Development: By participating in Vana, you contribute to AI models and applications, promoting a more open and user-centric AI ecosystem.
3. Community Rewards: Vana dedicates 44% of its total token supply to rewarding community participation, contributions, and innovation, providing you with opportunities to earn through active engagement.
4. Strategic Partnerships and Funding: Vana has secured significant funding, including investments from Coinbase Ventures and Paradigm, enhancing its growth and development prospects.
5. Access to Decentralized Trading Platforms: Vana's ecosystem includes platforms like DataDex, enabling you to trade VANA tokens and other data-related assets efficiently.
These factors position Vana as a promising investment in the expanding landscape of user-owned data and decentralized AI.
What Is Vana Price Prediction?
Several factors can influence the VANA crypto price prediction:
1. Network Usage: As more AI companies seek access to user data through Data Liquidity Pools (DLPs), they must use VANA tokens to purchase and burn DLP tokens. This increased demand can positively impact the $VANA price.
2. DataDAO Performance: The success and quality of DataDAOs within the Vana ecosystem can attract more participants and investors, influencing token demand and VANA to USD price.
3. $VANA Staking and Rewards: Staking VANA tokens in support of DataDAOs can yield rewards, incentivizing holding and reducing circulating supply, which may affect the VANA token price.
4. Ecosystem Development: The growth of dApps and platforms like DataDex on the Vana network can enhance token utility and demand, supporting the VANA coin price.
5. Market Dynamics: General cryptocurrency market trends, investor sentiment, and macroeconomic factors can also impact VANA's price.
How to Stake VANA Tokens on Vana
Staking your VANA tokens allows you to support DataDAOs and earn rewards within the Vana ecosystem. Here's how to get started:
1. Create a Wallet: Set up a compatible cryptocurrency wallet that supports VANA tokens. Ensure it's securely configured to protect your assets.
2. Acquire VANA Tokens: Purchase VANA tokens through supported exchanges or platforms, such as KuCoin. Ensure you have enough tokens for staking and to cover any associated transaction fees.
3. Select a DataDAO: Research and choose a DataDAO that aligns with your interests or data contributions. Each DataDAO has unique focus areas and reward structures.
4. Stake Your Tokens: Within your wallet interface, navigate to the staking section. Select the chosen DataDAO and specify the amount of VANA tokens you wish to stake. Confirm the transaction to initiate staking.
5. Earn Rewards: By staking, you support the DataDAO's operations and, in return, earn rewards based on the DataDAO's performance and the amount you've staked. Rewards are typically distributed periodically.
6. Monitor and Manage: Regularly check your staking status and rewards. You can choose to unstake your tokens or adjust your staking preferences as needed.
What is the market cap of Vana (VANA)?
The current market cap of VANA is $87.64M. It is calculated by multiplying the current supply of VANA by its real-time market price of $87.64M.
How do I store Vana (VANA)?
You can securely store your Vana in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your VANA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.