VENA NETWORK ((ICO 2018))-OPEN PROTOCOL FOR TOKENIZED ASSET FINANCING AND EXCHANGE
I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know’s, I always carry you along with any information about good crypto related projects through my blog.
Millions of new investors began trading cryptocurrencies. Of course, as with any investment vehicle, there are many different trading strategies, so it’s important to identify which one suits you best.
To be successful in the world of cryptocurrency trading you must know the market very well, but above all, you must know yourself. Perhaps this is even more important than knowing the market, and your future in the world of crypto may depend on this level of self-honesty.
Cryptocurrencies receive news coverage on a daily basis recently, and investing in them can be fun, profitable, and rewarding. respectively over the last years as interest investors flock to the digital currency market, and research has comfirm it that over 100,000 new users sign up every day. And this is just the beginning.
- The starting point is familiarizing yourself with the market caps and prices of popular currencies. The cryptocurrency market is highly speculative, so staying up to date with circulating news is critical. Much of the market seems like a gamble at first glance, but you can become an intelligent cryptocurrency investor by learning about each of the tokens and by a particular project that I will be presenting to you in this article.
In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: VENA NETWORK
WHAT IS VENA NETWORK?
Vena Network: is a blockchain-based open protocol in which the highly generic architecture enables users to write contract terms to define rules for a series of decentralized financial activities including asset issuance, lending, trading and etc. The Vena Protocol provides a standard smart contract library of various kinds including debt contracts (debt financing, credit, collateral loan) and transaction contracts, aiming at helping users to build interactive financial DApps (Decentralized Applications) fastly, conveniently, and safely.
Vena Network aims to build a decentralized digital asset financing and exchange network through Vena Protocol, in which users can process P2P cryptocurrency collateral lending and OTC trading, enabling free exchange between cryptocurrency and fiat currency. In Vena Network, users can benefit from cryptocurrency market and the risks caused by cryptocurrency price fluctuation and dishonest traders can be mitigated. Vena Network uses VENA token as an economic incentive to guarantee the fairness of the network.
ABOUT VENA NETWORK
Vena Network provides significant advantages for Vena nodes and users. Vena Protocol utilizes economic incentives such as cost compensation for various roles in different market competitions in Vena ecology to provide users with accurate market data, real credit data, and digital assets distribution, lending, trading and management services in a fair, transparent, secure manner with rich application scenarios. Each Vena Node represents an independent commercial organization which will gain profit from various financial services it provides. Our mission is to promote the healthy development of cryptocurrency communities.
Vena Network aims to create a decentralized digital asset financing and exchange network through Vena Protocol. The Vena Protocol is divided into two layers: 1) Basic protocol layer, which mainly includes registration, configuration, routing, and management of upper layer financial businesses. 2) The asset protocol layer, based on assets, completes user-defined financial businesses through the implementation of the terms contract interfaces. For example, terms of pledge and repayment can be written into terms contract to make collateral loan; inheriting of ERC721 standard realizes value-added pledge for asset portfolio; establishing individual credit contract model and injecting on-chain and off-chain data to achieve open and transparent credit. In Vena Ecosystem, a closed-loop circulation from tokenized asset issuance to P2P lending or transactions is realized through blockchain. That is, after the digital assets issuance, directly P2P transactions through the Vena Protocol is available, or after digital assets are pledged, right of pledge is transferable and circulation of collaterals (only supporting Stable Coins) is available. All operations are controlled by smart contract codes and are free from human intervention to guard against fraud. Users joining Vena Network can benefit from the development of the cryptocurrency market, realize asset financing and exchange in a cost-effective, safe and efficient manner, while also can mitigate the risks associated with factors such as cryptocurrency price fluctuations and dishonest financial intermediaries.
Vena nodes are the key elements of Vena Network. Vena Protocol pre-sets two roles, appraiser and relayer. A Vena node can consist of either a single role or a combination of two roles, or can contain all kinds of service providers derived from market competition. In the pre-set roles, appraiser is a trustworthy order producer and appraiser of the default risk of the debtor in the business scenario of debt issuance, and relayer accelerates the process of all debt financing orders in Vena Network without need of trustworthy third parties. They can all be authentically appraised based on historical asset performance. Therefore, the market has a clear signal to appraise credit indicators involving any specific appraiser or relayer, and credit indicators include user’s debt default risk index, transaction dispute rate and etc. Vena Protocol uses a mixed technology that we call “off-chain relay, on-chain settlement” to achieve a balance between efficiency and security in debt issuance and asset exchange. In this way, both the debt financing orders and trading orders with the encrypted signature are sent through the off-chain channel, and the potential counterparty can inject one or more orders into the corresponding smart contract, and then the contract is automatically completed following the established logic of the contract. Vena Protocol significantly reduces the friction costs of arbitrage dealers because transaction intentions can be sent off-chain, and the on-chain settlements only occur when the value is transferred. We expand Vena Network by opening up applications for Vena nodes, providing template contract trading market services, and designing the Vena Protocol which is uncoupled from applications.
VENA NETWORK TEAM BOARD
VENA NETWORK ADVISOR BOARD
VENA NETWORK ROADMAP
VENA NETWORK PARTNERS
VENA NETWORK ICO & TOKEN ANALYSIS
The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the VENA NETWORK PLATFORM
Token Symbol »» Vena
Price »» 1 ETH = 10,000 Vena
Platform »» Ethereum
Country »» China
Whitelist/KYC »» None
Thanks to Blockchain Technology andVENA NETWORK Platform for introducing better and incomparable ideas in the World Crypto.
For more information about this project, please! follow the link bellow » » »
••BITCOINTALK USERNAME: Dprince2281
••BITCOINTALK PROFILE LINK:https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary
- AUTHOR: Dprince2281