Przycisk z rozwijanym menu
Uniswap Logo and Wordmark DataLake
Cowswap Logo

Data Lake’s First Data Sale and Inaugural LAKE Buyback!

Data Lake’s First Data Sale and Inaugural LAKE Buyback graphics Data Lake

Data Lake is proud to announce its first buyback of LAKE token after the successful completion of our first data sale!

As outlined in our whitepaper, a percentage of our revenue from each data purchase is allocated towards buying LAKE tokens from the market. These tokens are subsequently distributed to our ecosystem stakeholders – including Data Donors – with a vesting period.

Thanks to our deal with an innovative healthcare startup here in Poland, we have used 3 ETH to purchase 1,469,744 $LAKE from the market! This amounts to 100% of the total revenue of the closed deal, and will be assigned to a dedicated Data Donor’s token vesting pool.

We would like to emphasize that this buyback is just the beginning of our efforts to build the sustainable $LAKE tokenomics based on the data. While we have successfully completed our first data sale and subsequent buyback, we are already actively working on securing and completing larger deals which take longer to be completed because of volumes and complexity.

We appreciate your patience as we work towards becoming among the main consent-sourced medical data providers on the European continent!

Proof of Buyback

Transparency was one of the primary reasons we chose a public blockchain. Here is the transaction ID related to our LAKE buyback: https://etherscan.io/tx/0xc1214e9cd704558f0a067b519c67a4c40f5e67570791dc4221576235b49f8633

Become a Data Donor!

The successful conclusion of the first data sale and the LAKE token buyback are the first steps towards our goal of unlocking a fair and ethical market of consent-based medical data.

We are excited to continue rolling out more deals and advancing our platform, and we are thankful to each of our Data Donors for making this all possible. If you haven’t signed up yet, we renew our invitation to visit https:donateyourdata.io – depending on your country you will either be able to sign up as a data donor, or join the waiting list to be the first one to know when it becomes available in your area.

Onwards and Upwards!

Share:

Related Posts

Announcing the First LAKE.fun Project: Revolutionizing Dermatological AI Algorithms & Patient Recruitment.

We are thrilled to announce we’ll be kicking off 2025 with the launch of the first-ever project on the LAKE.fun platform! This milestone marks the beginning of a new era in decentralized, community-driven research.  Starting January 2025, we’re launching a new project to enhance access to Dermatological AI algorithm available on the MedMetrix platform as well as clinical trials dedicated for patients with skin diseases – MedMetrix platform provides access to a cutting-edge technology that can analyze up to 73 skin diseases from a simple smartphone photo! It is a trusted source for certified AI-powered medical solutions, delivering reliable, personalized health insights. Here’s what you need to know about the project and the platform that’s making it all possible.   About LAKE.fun Platform LAKE.fun is a groundbreaking platform where researchers can recruit participants, and build communities around their research. By leveraging the Blockchain technology, together with the Data Lake Chain and the LAKE Token, we enable researchers to democratize access to funding, incentivize participation, and advance data-driven science. Here’s what makes LAKE.fun unique: For Researchers: Easily recruit participants. For Participants: Engage in impactful research and earn rewards for contributions. For the Community: Decide on the amount of $LAKE tokens to

Read More

Announcing LAKE.fun: An Ecosystem for Supporting Scientific Projects Backed by the Value of Data

We are excited to introduce LAKE.fun, a groundbreaking platform that empowers researchers to tokenize their scientific projects, build communities around their research, and enable participants to contribute meaningfully while being rewarded in LAKE tokens. LAKE.fun is poised to create a vibrant ecosystem where data becomes the backbone of research funding and collaboration for the Decentralized Science (DeSci) space. LAKE.fun is a tool enabling tokenization of research projects, backed by the value of data they generate, as well as leveraging the Data Lake blockchain infrastructure. It’s an additional product in the Data Lake ecosystem to further support decentralized, ethical, and efficient scientific research, leveraging the Data Lake Application and Chain. Let’s dive into what makes this platform unique and how it compliments the efforts of other projects in DeSci.    The Data Lake Journey: A Foundation for LAKE.fun Data Lake has proven the success of building a business model rooted in data. From enabling consent on-chain transactions to forging partnerships with global players, we’ve demonstrated the demand for decentralized, data-driven solutions in research. Our state-of-the-art patient recruitment application already supports evidence generation in healthcare and advancing collaboration between researchers and the industry. With LAKE.fun, we will enable researchers to: Fund research

Read More

Ecosystem

About

Media

Connect