Question 1

What is Data Lake?

Accepted Answer

Data Lake is a decentralized recruitment platform focused on enhancing medical research by improving access to treatment and advancing research. It aims to provide ethical data for healthier and longer lives through products and services like Patient Pathway Analytics, Consent Management System & Patient Engagement, Patient Registries, Anonymous Health Data Sets, and Data Processing & Governance Tools. Powered by Medical Data Donation, it operates in compliance with high ethical, cybersecurity, and legal standards, including GDPR and the Data Governance Act.

Question 2

What is $LAKE?

Accepted Answer

$LAKE is the ticker/symbol of the Data Lake Token cryptocurrency, which lives on the Ethereum blockchain as an ERC-20 token.

The $LAKE token went live via a fair launch on December 7, 2022. On that day, the Data Lake team added liquidity for the $LAKE-ETH pair on Uniswap V3, on the Ethereum network. The initial $LAKE value was $0.0020.

Question 3

What is the primary purpose of $LAKE?

Accepted Answer

The primary purpose of $LAKE is to serve as a utility token within the Data Lake ecosystem, facilitating access to the platform for researchers, incentivizing healthcare providers and patients, and enabling the unique consent collection technology.

Question 4

What are the $LAKE’s main use cases?

Accepted Answer

$LAKE's main use cases include serving as an access token for researchers to publish trials, an incentive token for setting bounties and rewards for healthcare providers and patients, and facilitating transactions within the Data Lake platform to access rewards and benefits.

Question 5

How is the value of $LAKE determined?

Accepted Answer

The value of $LAKE is determined by its utility within the Data Lake ecosystem, demand from researchers, healthcare providers, and patients for its functionalities, and mainly by market dynamics influenced by its supply and demand on exchanges like Uniswap.

Question 6

What does the token distribution for $LAKE look like?

Accepted Answer

The total supply of $LAKE is capped at 2.5 billion tokens, following a major burn that reduced the total from 7.5 billion.

With this new, more limited supply, the token allocation was as follows: 15% - seed A investors, 12% - seed B investors, 26% - strategic and data donors, 10% - team, 10% - founders, 15% - liquidity pool, 8% - liquidity providers incentives, 1% - data donors incentives, 3% - advisors.

For the live distribution of the $LAKE token, explore the bubble map in the “Supply Distribution” section on this page.

Question 7

What are the vesting schedules for $LAKE?

Accepted Answer

The above-outlined LAKE token allocation follows specific vesting schedules. The only two allocations without any lock-up period are the one for the liquidity pool and the one for liquidity providers incentives.

Here are the details for other allocations:
- Seed A, Seed B, Strategic and Data Donors: 6-month cliff, 12-month vesting
- Team, Founders, Advisors: 6-month cliff, 24-month vesting
- Data Donors Incentives: 6-month vesting

Question 8

What technological innovations does $LAKE bring to its ecosystem?

Accepted Answer

$LAKE introduces technological innovations by leveraging blockchain technology for consent and data access management within a decentralized recruitment platform. This includes integrating the $LAKE token for incentivizing participation, utilizing the Polygon blockchain for donor consents, and employing smart contracts for ethical and democratic data access.

Question 9

Who is the team behind Data Lake and $LAKE?

Accepted Answer

The team behind Data Lake and $LAKE includes medical doctors and entrepreneurs Wojtek Sierocki and Ligia Kornowska, both recognized in Forbes' 30 under 30 lists, along with Oliver Šlapal (CTO & Co-founder), Andrea Dicorato (Marketing and Web3 Lead), and Vlad Starostenko (Fullstack Blockchain Engineer). The advisory board includes Bartłomiej Wnuk and Dr. Jaroslaw J. Fedorowski, reflecting a strong foundation in healthcare, blockchain technology, and legal compliance.

Question 10

Where can I find the latest news and updates about $LAKE and Data Lake?

Accepted Answer

When it comes to exploring the $LAKE token’s price and its live on-chain metrics, there’s no better place than this page. But if you are interested in the Data Lake project’s progress, latest partnerships, new potential token utilities, and other announcements, then you need to check out the project’s official website, social media channels (like X (former Twitter) or Telegram), and other official outlets. You can find links to these sites in the “Data Lake Token Links” section on this page.

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