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

• The Vana mainnet empowers users to own, monetize, and govern their personal data.
• iDEGEN is currently conducting a presale with a dynamic pricing model.
• VANA token faces market volatility as iDEGEN quickly gains traction, raising over $5.8 million.

The Vana mainnet has gone live, introducing the VANA token as a new digital asset aimed at empowering users to maintain ownership and control over their personal data. However, despite the positive development, the price of VANA has plunged raising concern among investors.

At the same time, iDEGEN, an AI-powered meme token, is quickly gaining traction with a dynamic presale model, that 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 designed to empower users to maintain ownership and control over their personal data.

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

Today, we’re introducing:

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

This is just the beginning of a new open data economy and the future of user-owned AI.

Here’s everything you need to know 👇 pic.twitter.com/y10UdOWtek

— vana (@withvana) December 16, 2024

Developed by Open Data Labs, a San Francisco-based research and technology company born out of the MIT Media Lab, the Vana network is an EVM-compatible blockchain that uses privacy-preserving technologies to allow data to be used for AI model training.

Over 1.3 million users participated in the testnet phase, contributing more than 6.5 million data points, which were processed at a rate of approximately 1.7 million transactions daily. This robust test phase demonstrated that programmable data ownership is feasible and essential in today’s AI development landscape, according to Anna Kazlauskas, CEO of Open Data Labs and inventor of Vana.

The mainnet launch aims to break through the so-called “data wall” that has been limiting AI’s full potential. Vana’s unique approach allows users to not only own their data legally but also monetize it through DataDAOs, collective data ownership organizations that use the VANA token for governance and value-sharing.

The key features of the Vana mainnet include trustless validation via secure data ingress and trusted execution nodes, granular permissioning, on-chain data provenance, and data liquidity pools that enable collective data pooling.

By staking VANA to DataDAOs through the Data Hub, users can earn by contributing their data and receiving dataset-specific tokens that grant governance rights. These tokens can be traded for VANA, aligning user incentives with the network’s economic goals.

However, despite the excitement around Vana’s mainnet launch, the VANA token has faced market volatility. As of the latest data, the VANA token experienced a significant drop, trading at $20.59, down 39.1% in the past 24 hours.

Though fluctuations are common in the early stages of new blockchain networks, the VANA token plunge has caused concerns among holders.

iDEGEN offers an alternative to VANA investors

While VANA navigates market volatility amid 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 has raised over $5,817,897.7 in its ongoing presale, with more than 1 billion tokens sold.

What sets iDEGEN apart is its dynamic presale 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 appeals to traders who thrive on volatility.

The AI-powered meme token leverages artificial intelligence (AI) to engage with its community, adapting its development based on feedback received through interactions on X. This integration of AI not only makes iDEGEN stand out as more than just a meme coin but also positions it as a project deeply rooted in community engagement and innovation.

As iDEGEN prepares for its mainnet listing, it is expected to have an initial listing price 10% higher than the final presale price, providing a compelling case for investors looking to hedge against market volatility.

If interested in the iDEGEN presale, visit the project’s official website for more information.