The decentralized AI data network Vana has announced the launch of its native token VANA

ChainCatcher news, the decentralized AI data liquidity network vana will launch its native token VANA. The main functions of VANA include staking to participate in data liquidity pools, governance voting rights, paying network transaction fees, network contribution rewards, and data access payments. When AI companies want to access data in the DLP, they must use VANA to purchase and burn DLP tokens. This establishes a direct economic link between network usage and token value.

The top 16 members of DataDAO will receive a certain share of emissions, aimed at rewarding early contributors who added data to the network. Every 3 weeks, the top 16 will be selected based on who holds the most VANA shares. The rewards for the top 16 will be distributed according to a series of performance metrics set by Vana DAO.

It is reported that DataDAO refers to a larger ecosystem of data contributors, developers, and researchers that has developed around a specific data ecosystem. When users contribute data to DataDAO, they receive DLP-specific tokens based on DataDAO's unique proof of contribution.