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What is Data Lake (LAKE)?
Data Lake basic info
Name:Data Lake
Ticker:
LAKEBuy now
Introduction:
What Is Data Lake?
Data Lake is a decentralized recruitment platform that leverages
blockchain technology to enhance the efficiency and security of patient recruitment for medical research. Founded by two medical doctors recognized by Forbes 30 under 30, Data Lake aims to address the significant inefficiencies in the current patient recruitment process. The platform serves as a leading Decentralized Science (DeSci) project, utilizing its native token, LAKE, for incentivizing healthcare providers and patients. With collaborations including two of the top ten pharmaceutical companies globally, Data Lake has demonstrated its capability and intent to stay as a major player in the medical research field.
The conception of Data Lake was driven by the founders' recognition of the need for good quality, ethically-sourced data in healthcare. Officially launched in early 2020 with European Union funding, its first product was a consent management system designed to facilitate medical data donations. This system was part of a significant data donation project focusing on breast cancer research. Over time, Data Lake has evolved to include a broader range of functionalities, aiming to solve the $100 billion global problem of inefficient patient recruitment for clinical trials and data acquisition.
Resources
Official Documents:
https://docs.data-lake.co/
Official Website:
https://data-lake.co/
How Does Data Lake Work?
The Data Lake Application, built on the
Polygon blockchain, serves as a platform where researchers can publish their trials, and healthcare providers can refer patients, facilitating an efficient and transparent recruitment process. This system allows researchers to publish projects, create consent forms, track patient enrollment in real-time, and maintain GDPR compliance. It supports a decentralized recruitment system, crucial for the data economy emerging from recent EU legislation like the Data Governance Act. By integrating the LAKE token, the platform incentivizes participation and compliance, offering a unique solution to the challenges of patient recruitment.
Healthcare providers and patients play vital roles within the Data Lake ecosystem. Providers can browse research projects, collect necessary consents, and communicate with researchers, while patients can manage their consents and potentially receive rewards in LAKE tokens. This innovative approach not only streamlines the process of medical research but also ensures that patients are ethically compensated for their contributions. The platform's functionality extends to various use cases, including AI development, patient pathway analysis, patient registries, and clinical trials, demonstrating its versatility and potential impact on the medical research industry.
What Is LAKE Token?
The LAKE token is the native cryptocurrency of the Data Lake ecosystem, designed to facilitate transactions, access, and incentives within the platform. It serves multiple functions: as an access token for researchers to publish trials and as an incentive token for setting bounties and rewards. Researchers need to hold a minimum amount of LAKE tokens to use the platform, highlighting its role in ensuring engagement and participation. The token was launched as a fair launch on December 7th, 2022, with an initial total supply of 7.5 billion tokens. Following a strategic burn, the supply was reduced to 2.5 billion tokens, aiming to increase its scarcity and value. The LAKE token plays a critical role in the Data Lake ecosystem, driving engagement, facilitating transactions, and ensuring the platform's sustainability and growth.
What Determines Data Lake’s Price?
The price of Data Lake, much like other blockchain-based assets, is influenced by a blend of supply and demand dynamics, web3 innovations, and the latest news affecting the cryptocurrency sector.
Market volatility plays a pivotal role, as investors' reactions to cryptocurrency charts, analysis, and price predictions can significantly impact $LAKE's value. Furthermore, developments within the Data Lake ecosystem, such as updates to its decentralized recruitment platform or
partnerships, contribute to its valuation. Investors keen on making the best crypto investment for 2024 and beyond closely monitor these factors, alongside cryptocurrency adoption trends and regulatory landscapes, which can sway demand.
Security concerns and the broader acceptance of cryptocurrency regulations also shape the investment environment for tokens like Data Lake. As a result, cryptocurrency risks are always a consideration for traders and analysts alike, influencing market sentiment and, subsequently, the price. Investors and enthusiasts looking for cryptocurrency price predictions frequently turn to the latest developments and
cryptocurrency analysis for insights. The ongoing evolution of the blockchain sector, coupled with the increasing integration of web3 technologies, suggests that tokens well-positioned within this framework, like Data Lake, stand to gain from heightened interest and adoption.
For those interested in investing or trading Data Lake, one might wonder: Where to buy LAKE? You can purchase LAKE on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
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Current price:
$0.01079More price details
All-time high:$0.04831
All-time low:$0.001043
LAKE supply and tokenomics
Circulating supply:0 LAKE
Total supply:2,500,000,000 LAKE
Max supply:7,500,000,000 LAKE
Market cap:$0.00
Fully diluted market cap:$80.93M
Links
Website:https://data-lake.co
Whitepaper:https://data-lake.co/whitepaper
Buy Data Lake for $1Buy LAKE now
What is the development prospect and future value of LAKE?
The market value of LAKE currently stands at $0.00, and its market ranking is #3352. The value of LAKE is not widely recognized by the market. When the bull market comes, the market value of LAKE may have great growth potential.
As a new type of currency with innovative technology and unique use cases, LAKE has broad market potential and significant room for development. The distinctiveness and appeal of LAKE may attract the interest of specific groups, thereby driving up its market value.
What will the price of LAKE be in 2025?
Based on LAKE's historical price performance prediction model, the price of LAKE is projected to reach $0.01405 in 2025.
What will the price of LAKE be in 2030?
In 2030, the LAKE price is expected to change by +8.00%. By the end of 2030, the LAKE price is projected to reach $0.02111, with a cumulative ROI of +65.33%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of LAKE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.
Is LAKE worth investing or holding? How to buy LAKE from a crypto exchange?
If you want to buy LAKE, the following information may be helpful for your investment decisions:
In the last seven days, the price of LAKE has risen by 70.59%, leading to positive returns for most LAKE investors. The market is currently optimistic about the price trend of LAKE.
It is important to note that the current price of LAKE has retreated by -77.66% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether LAKE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in LAKE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of LAKE, if you want to buy or sell LAKE, you can consider Bitget for your trading needs. The best place to buy LAKE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Data Lake has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Data Lake. Here's a step-by-step guide on how to buy Data Lake on Bitget.
How to get Data Lake through other methods？
Using cash to buy Data Lake is not the only way to obtain Data Lake. If you have the time to spare, you can get Data Lake for free.
Learn how to earn Data Lake for free through the Learn2Earn promotion.
Earn free Data Lake by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Data Lake airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Data Lake through Bitget Convert, Bitget Swap, or spot trading.
What is Data Lake used for and how to use Data Lake?
The use case of Data Lake may expand as the crypto market and the project itself develop. Currently, you can use LAKE to achieve the following goals:
Arbitrage by trading LAKE: Since LAKE is a frequently traded cryptocurrency, the price of LAKE is always fluctuating. Earn more LAKE by buying low and selling high on the exchange. Bitget spot market provides a variety of LAKE trading pairs to fully meet your needs.
Earn by staking LAKE: You can also generate income through financial management methods such as staking LAKE or lending LAKE. Bitget Earn offers a variety of financial products designed to help you earn more income from your LAKE.
Send or pay LAKE: If you want to give LAKE to your friends, a charity, or a fundraiser, or you want to pay someone with LAKE, you can quickly and easily send LAKE to the recipient through their payment address.
You can also go to the official website of the Data Lake project to learn more about the use cases of LAKE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .
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