Decentralized ecosystem created by blockchain technology, that operates without third parties involvement is capable to provide much faster transactions with pretty fast speed. There are no hidden charges and no boundaries restrictions. The users can operate anonymously in the trustless environment of decentralized ecosystem. There is much transparency as the data is stored on blockchain and anyone can see it via a distributed ledger and there is no chance of manipulations. So blockchain is best engine that is providing data immutability.
With the further innovation of blockchain technology, finance is merged in this decentralized ecosystem and a revolutionary concept Decentralized Finance (DeFi) came in to existence. With the help of DeFi, the financial and real asset transactions are possible to be conducted on blockchain. World is experiencing a drastic growth and acceptance of DeFi.
Non fungible tokens (NFTs) are the most scarce tokens that can not be forged and can be stored only in a single wallet on the blockchain. We are seeing huge hype of NFTs. Art lovers and Gaming industries are earning millions of dollars by creating unique NFTs, each NFT having specific role in the games created by them. Art lovers and passionate pro game players are always ready to pay huge amount to get these unique and scarce tokens.
Concept of ETNA
The base project is Cyclops that using the ETH blockchain & has took the initiative to create a technically advanced and hybrid platform that is providing access to all DeFi applications and protocols to users with a sound concept of merging NFTs with DeFi. That means NFT holders can use their NFTs in DeFi applications and protocols as such they can stake, do liquidity mining and use Yield farming protocols of the project with their NFTs. That is the revolutionary concept that took mush hype in the market. But due to congestion and insane price hike of transactions execution, most of the investors and traders are not able to conduct frequent transactions so they can not participate and use this technology revolution to its full potential.
The innovative team took the courageous decision and shifted the whole momentum on BSC network and that is the rise of ETNA. The ETNA name is representing the abode place of Cyclops. In the Greek Mythology, Cyclops made their home on Mount Etna, hence the name was a perfect fit for Cyclops Finance’s migration onto BSC.
User friendly platform with advanced Features
ETNA platform is easy to use and loaded with latest technology developments and providing lots of features to users of the platform as such :
Fast Transactions with Low cost
ETNA platform is providing lots of earning opportunities while supporting fast transactions with very low cost. Being built on Binance Smart chain, ETNA is providing more scalability and allowing the users to do transactions when there is huge rush in the market that can be because of sudden ups/downs of the market. The users of the platform can transact freely on the platform and can do asset management according to market move to avoid huge loss. That also creating an opportunity to earn even when there is dip in the market. That is the power of fast and low cost transactions of the platform that the users can get benefits in this highly volatile market.Transparency and Immutability
The innovative smart contracts of the platform together with smart chain are executing the transactions on the platform, And the technically advanced nodes of the platform are validating the transaction on the blockchain, the data is stored on blockchain via blocks and is spread on a distributed ledger on blockchain. Anyone can see the data with a clause that no one can get access to the processed data. The data is well stored in user’s account and is out of the reach of manipulators and hackers as the transactions confirmed on blockchain can not be revoked and changed.Interoperability of blockchains
The users of ETNA platform can operate without taking in to consideration the particular blockhain or smartchain of the tokens they are dealing with. The ETNA platform is allowing interoperability as such the users can transact freely on the platform and can use all the liquidity pools to do yield farming with their NFTs. Getting access to different blockchains on a single platform is one of the best features of the platform and that is providing much comfort and mentally relaxation to users as now they are not required to search different platforms to conduct transactions. ETNA is supporting every earning opportunity on the platform.Trustless Environment
ETNA platform is capable to operate by itself and this platform do not require third parties to conduct transactions on the platform. the financial and real asset transactions are well executed on the platform and the innovative smartchain and nodes of the platform are capable to handle all the trust required to execute the transactions.The users can operate anonymously on the platform without revealing their identities.
Real use case of NFTs
ETNA is really a game changing platform that has impressed the world with most technically advancements. NFTs are getting hype and ETNA has modified the platform to next level where the users of the platform can use their NFTs as real assets. That means they can lend/borrow NFTs on the platform. Can use NFTs in different passive earning protocols of the platform as such they can do staking or liquidity mining/yield farming.
NFTs are showing the digital ownership on the blockchain and the innovative smart contracts of the platform are providing this digital ownership on the blockchain, That means the liquidity providers and stake holders of DeFi pools merged with NFTs can transfer digital ownership to other persons without dissolving staking or liquidity pools.That is the revolutionary concept that helps the platform to remain more liquid as when the liquidity provider of NFT is in need of money, he does not required to remove liquidity and sell the NFT, instead he can transfer the digital ownership to buyer that will shift the liquidity pool in favor on buyer and that will be marked on blockcahin.
Some times to pass on and clear the hurdles and various obstacles of the game, special NFT is required. That can be much costlier as the small investor can not purchase. The ETNA platform is providing the best solution as the needy person is not required to buy the NFT, instead he can borrow to serve the purpose and then return it with some interest to owner of the NFT. ETNA being a gaming platform, this feature is much appreciated by the pro player who want to win game but can not afford the NFT.
DeBank is the innovative and technically advanced application of the platform that is fully supporting the NFTs and making it possible to offer NFTs as collateral to take loans on the platform. So the lending and borrowing of NFTs is working smoothly on the platform with the help of DeBank application.
The users of the platform can hold their NFTs on the platform and also can use the NFT market place to sell or buy NFTs on the platform. This platform is allowing the users to create bids with ETNA token and also the holders of ETNA can get access to advanced features as such they can create ads and can add special features to their NFTs so that buyer can notice and purchase them.
Rewards and Hidden Treasures
ETNA platform is creating interesting games with lots of hidden treasures and rewards for winning & clearing the different rounds of the games. There are lots of game supporting tools available on the platform that include special weapons, armor, pets and powerful swords etc. that the players can use and win the game. Then to appreciate the effort and to celebrate the win of the player, he is rewarded with many rewards and also certain hidden treasures are explored during winning the game. These rewards and treasures then can be exchanged into ETNA token, which is already traded in exchanges so the winner can convert and liquidate his rewards in currency of his choice.
ETNA TOKEN
The base currency of the ETNA platform is ETNA token that is supporting all the activities to run smoothly on the platform. The holders of the ETNA token get access to the platform in its full potential and there are various fee concessions for ETNA token holders. Decision making programs of the platform regarding adding new DeFi protocols or deciding fee structure are attended and voted by the ETNA holders so that the platform can workout best future growth strategies. So ETNA is a community oriented platform which is made for community and powered by community. What you need is to hold ETNA to be an active member of the platform and to get access to all applications and protocols of the platform.
The best part with ETNA token is that the holders of this token can get zero interest loan on the platform by using their ETNA tokens as collateral. DeBank is the application that is allowing the users to take zero interest loans by giving ETNA as collateral.
Brief
Blockchain technology is the future and the this revolutionary technology together with its innovations, DeFi & NFTs is well accepted and merged in ETNA's platform that has created a real gem that is providing the best solutions to existing flaws of the highly volatile and ever changing market. This platform is user friendly and is providing lots of earning opportunities. ETNA platform is taking along the community towards the road to success and this platform is allowing the holding and usage of NFTs on the platform. NFTs can be used as real assets on the platform and users can yield good income and interest from NFTs on the platform.This is Gaming platform that is continuously providing best games to game lovers with lots of rewards. The ETNA platform is led and supported by an experienced and innovative team that is capable to handle the project and step by step make it to get all the targeted goals. The team has enough knowledge and resources to create and implement the best current & future growth strategies. It is well depicted in their Roadmap.
Check out for more information and latest updates:
- Website: https://www.etna.network/
DeBank: https://debank-lb.etna.network/ - Whitepaper: https://www.etna.network/assets/ETNA.pdf
- Telegram: https://t.me/EtnaNetwork
- Twitter: https://twitter.com/EtnaNetwork
- Medium : https://medium.com/@EtnaNetwork