Dear Data Lake Community and Investors,
We’re truly excited to be able to share with you our revised Data Lake Whitepaper! Not only have we redesigned it to match our new branding, but we’ve also made some important changes and updates to reflect the greater vision of the Data Lake system that has taken form over the past few months. From improved tokenomics and token utility to expanding the system stakeholders and their participation incentives, the updated Whitepaper means exciting things for the future of Data Lake and the international medical donation system we’re building. If you want to jump straight in, you can view the brand new Whitepaper by clicking here!
What has been changed in the Data Lake Whitepaper?
New and more balanced tokenomics
Expanded $LAKE Token utility and value accrual mechanisms
System stakeholders/participants expanded
New incentives distribution model
New team members and advisors
A new section for the long-term vision of Data Lake
Updated and improved roadmap
Why make these changes?
At Data Lake we’re committed to doing whatever it takes to create a thriving and international medical data donation program. Over the past few months our partners, advisors, and investors have grown exponentially. With increasing input and enthusiasm from our growing coalition, there has been a significant expansion of the concept of Data Lake and the system that we are building, based on advise from some of the top experts and opinion leaders in Europe. Combined with the incredible experience in blockchain, technology, and medicine represented in the team we have assembled, the new Whitepaper is not just a small change of the Data Lake concept, but an evolutionary leap that will help power sustainable, long-term, and exponential growth.
We know that designing the right incentives – ones that will be fair, merit-based, easy to understand – will be the key to the long-term success of Data Lake. As we are getting exposure to more and more partners and stakeholders the need for more inclusive tokenomics mechanisms has become evident. The inclusion of a broader array of market players who will be building their business on top of Data Lake will also be pivotal for faster expansion of our operations internationally.
Although the crypto market has seen better times, external signals for Data Lake are actually very encouraging. The European Union recently adopted the Data Governance Act, which will come into force in around 14 months. Enactment of this piece of legislation universal for the whole of the European Union is fantastic news for Data Lake, as we have a chance to become the first entity that will be a data intermediary compliant with the Data Governance Act. We are the first mover in the new newly established data market, and some of the changes made to the Whitepaper will position us as the leader in altruistic and innovative data exchange.
Our legal, political and economical environment is shifting at an unheard-of pace. It is our pledge that our main general tokenomics assumptions based on our values and vision will remain unchanged throughout the life of Data Lake. However, the choice of tactics and mechanisms of stimulation of desired behaviors by the market players will have to be adjusted to the changing business reality. This level of flexibility is also reflected in our new proposal.
We’re greatly looking forward to what the future holds for Data Lake as well as our community and investors, and we believe that the changes represented in the updated Data Lake Whitepaper will play a crucial role in our joint success.
Wojciech Sierocki, CEO & Ligia Kornowska, Chairperson of the Board