Vana Mainnet Goes Live, Vana Token Faces Market Volatility As iDEGEN Raises Over $5.8M
Vana Mainnet allows users to capture, monetize and manage their personal data. iDEGEN is currently conducting pre-sales with a flexible pricing model. iDEGEN Faces Vana Token Market Volatility by Raising Over $5.8 Million
VANA Vannet has gone live, introducing the VANA token as a new digital asset to enable users to own and control their personal data. However, despite the positive development, the value of VANA has fallen due to concern among investors.
At the same time, iDEGEN, an AI-powered meme token, is developing rapidly with a flexible pre-sale model, which is attracting investors in droves.
vana mainnet launch
The VANA Mainnet went live on December 16, introducing the VANA token as a new digital asset to enable users to own and control their personal data.
We are excited to announce that Vana Mainnet is live!
Today, we introduce them:
⭐️ Testnet Community Rewards🏵️ $VANA Staking🎄 12 days of DataDAO
This is the start-up of the data economy and user-owned AI.
Here's everything you need to know 👇 pic.twitter.com/y10UdOWtek
— Vana (@withvana) December 16, 2024
Created by Open Data Labs, a San Francisco-based research and technology company born out of the MIT Media Lab, Vana Network is an EVM-compatible blockchain that uses privacy-preserving technologies to allow data to be used for AI model training.
More than 1.3 million users participated in the testnet phase, contributing more than 6.5 million data points with approximately 1.7 million transactions per day. Anna Kazlauskas, CEO of Open Data Labs and co-creator of Vana, said this robust testing phase demonstrated that ownership of actionable data is practical and important in today's AI development landscape.
The flagship networking startup aims to break down the so-called “data wall” that limits the full potential of AI. VANA's unique approach allows users to not only legally own their data, but also monetize it through DataDAOs, collective data ownership organizations that use the VANA token for governance and value sharing.
Key features of Vana's core network include trustless authentication with secure data entry and trusted execution nodes, volume licensing, on-chain data authentication, and data liquidity pools that enable shared data collection.
By integrating VANA with DataDAOs through the data resource, users can access it by contributing their data and receiving dataset-specific tokens that grant management rights. These tokens can be traded for VANA, aligning user incentives with the economic goals of the network.
However, despite the excitement surrounding the VANA mainnet launch, the VANA token faces market volatility. According to the latest data, the VANA token is trading at $20.59, a significant decline, down 39.1% in the last 24 hours.
Although volatility is common in the early stages of new blockchain networks, the VANA token's decline has raised concerns among holders.
iDEGEN offers an alternative to VANA investors
While Vana is exploring market dynamics during its mainnet launch, a new revolutionary AI crypto project, iDEGEN, has quickly gained attention as a new opportunity for crypto enthusiasts.
Launched in late November 2024, iDEGEN raised over 5,817,897.7 in presale, with over 1 billion tokens sold.
What sets iDEGEN apart is its dynamic pre-sale pricing model, which adjusts every five minutes based on market activity. Prices increase by 5% after consecutive purchases or decrease by the same margin during periods of inactivity. This innovative approach creates a fast-paced trading environment that attracts traders who thrive on flexibility.
AI-Powered Meme Token engages Artificial Intelligence (AI) with the community and adjusts its development based on feedback received from interactions on X. This integration of AI makes iDEGEN stand out not only as a meme coin, but also a niche. It is a project rooted in community engagement and innovation.
When iDEGEN sets its listing for the flagship network, it is expected to have a starting price of 10% higher than the pre-sale price, which is a compelling case for investors looking to buck market volatility.
If you are interested in the iDEGEN presale, visit the project's official website for more information.
