Vana mainnet goes reside, VANA token faces market volatility as iDEGEN soars above $5.8M

• The Vana mainnet empowers customers to personal, monetize, and govern their private information.
• iDEGEN is at present conducting a presale with a dynamic pricing mannequin.
• VANA token faces market volatility as iDEGEN shortly good points traction, elevating over $5.8 million.

The Vana mainnet has gone reside, introducing the VANA token as a brand new digital asset aimed toward empowering customers to take care of possession and management over their private information. Nevertheless, regardless of the optimistic growth, the value of VANA has plunged elevating concern amongst traders.

On the similar time, iDEGEN, an AI-powered meme token, is shortly gaining traction with a dynamic presale mannequin, that’s attracting traders in droves.

Vana mainnet launch

The Vana mainnet went reside on December 16, introducing the VANA token as a brand new digital asset designed to empower customers to take care of possession and management over their private information.

We’re excited to announce that Vana mainnet is reside!

At the moment, we’re introducing:

⭐️ Testnet Group Rewards
🏵️ $VANA Staking
🎄 12 Days of DataDAOs

That is only the start of a brand new open information financial system and the way forward for user-owned AI.

Right here’s every part it’s worthwhile to know 👇 pic.twitter.com/y10UdOWtek

— vana (@withvana) December 16, 2024

Developed by Open Information Labs, a San Francisco-based analysis and know-how firm born out of the MIT Media Lab, the Vana community is an EVM-compatible blockchain that makes use of privacy-preserving applied sciences to permit information for use for AI mannequin coaching.

Over 1.3 million customers participated within the testnet section, contributing greater than 6.5 million information factors, which had been processed at a fee of roughly 1.7 million transactions day by day. This strong take a look at section demonstrated that programmable information possession is possible and important in immediately’s AI growth panorama, in accordance with Anna Kazlauskas, CEO of Open Information Labs and inventor of Vana.

The mainnet launch goals to interrupt by the so-called “information wall” that has been limiting AI’s full potential. Vana’s distinctive method permits customers to not solely personal their information legally but additionally monetize it by DataDAOs, collective information possession organizations that use the VANA token for governance and value-sharing.

The important thing options of the Vana mainnet embody trustless validation by way of safe information ingress and trusted execution nodes, granular permissioning, on-chain information provenance, and information liquidity swimming pools that allow collective information pooling.

By staking VANA to DataDAOs by the Information Hub, customers can earn by contributing their information and receiving dataset-specific tokens that grant governance rights. These tokens may be traded for VANA, aligning person incentives with the community’s financial targets.

Nevertheless, regardless of the joy round Vana’s mainnet launch, the VANA token has confronted market volatility. As of the most recent information, the VANA token skilled a big drop, buying and selling at $20.59, down 39.1% prior to now 24 hours.

Although fluctuations are frequent within the early levels of latest blockchain networks, the VANA token plunge has triggered issues amongst holders.

iDEGEN presents a substitute for VANA traders

Whereas VANA navigates market volatility amid its mainnet launch, a brand new revolutionary AI crypto challenge, iDEGEN, has shortly gained consideration as a brand new alternative for crypto lovers.

Launched in late November 2024, iDEGEN has raised over $5,817,897.7 in its ongoing presale, with greater than 1 billion tokens bought.

What units iDEGEN aside is its dynamic presale pricing mannequin, which adjusts each 5 minutes based mostly on market exercise. Costs improve by 5% after consecutive purchases or lower by the identical margin during times of inactivity. This progressive method creates a fast-paced buying and selling setting that appeals to merchants who thrive on volatility.

The AI-powered meme token leverages synthetic intelligence (AI) to interact with its group, adapting its growth based mostly on suggestions acquired by interactions on X. This integration of AI not solely makes iDEGEN stand out as greater than only a meme coin but additionally positions it as a challenge deeply rooted in group engagement and innovation.

As iDEGEN prepares for its mainnet itemizing, it’s anticipated to have an preliminary itemizing value 10% increased than the ultimate presale value, offering a compelling case for traders seeking to hedge towards market volatility.

If within the iDEGEN presale, go to the challenge’s official web site for extra info.