Data LakePrice

(LAKE)

$LAKE serves as the fundamental utility token for the Data Lake ecosystem. It acts as the native gas token for the Data Lake Chain, which is an Arbitrum Orbit rollup, to facilitate transaction fees. Researchers and medical institutions must hold or pay $LAKE to access the platform's data tools and recruitment services. Furthermore, it is used to provide bounties to patients and healthcare providers for trial participation, while data donors receive $LAKE as a reward for sharing their medical information for research.

Yes, the project incorporates a deflationary burning mechanism. To manage the total supply over time, a portion of the fees collected by the platform—up to 100% in some instances—along with transaction fees generated on the Data Lake Chain, are permanently removed from circulation. This system ensures that as the platform's usage for medical research and data sharing grows, the total supply of $LAKE is consistently reduced.

Users can earn rewards by providing liquidity to $LAKE trading pairs on supported platforms or by participating in the ecosystem's staking programs. Data donors can specifically stake tokens to unlock a "Benefit Panel," which offers discounts on various healthcare services and wellness products. While participants can typically unstake their tokens with flexibility, they may opt for specific lock durations to earn higher reward multipliers, incentivizing long-term commitment to the medical data ecosystem.

The Data Lake Chain is a specialized blockchain infrastructure built on Arbitrum Orbit, designed specifically for the healthcare and AI sectors. It provides a transparent and secure ledger for managing medical data consent. Hospitals and other healthcare institutions act as nodes to manage this consent securely. The network is transitioning toward an open validation model, allowing qualified participants who meet specific hardware and compliance requirements to become validators following an official onboarding process.

LAKE.fun is a dedicated research launchpad that allows scientific projects to tokenize their work within the Decentralized Science (DeSci) framework. Community members can use $LAKE to support real-world medical research and earn rewards based on the value of the data that the research generates. Despite its approachable branding, it is a professional tool designed to bridge the gap between the Web3 community and the funding requirements of serious medical breakthroughs.

The platform prioritizes privacy by using the blockchain to store only consent records, not the actual medical data. Raw data is shared through secure off-chain channels only after consent is verified on-chain. This architecture is designed to comply with global regulations like HIPAA and GDPR. Additionally, the smart contracts have undergone independent security audits by firms such as Hacken, and the consent mechanisms are open-sourced under the Digital Public Good framework to ensure transparency and trust.