The original intention behind cryptocurrency was to create a system of money, value, and payments and make it accessible to everyone. The idea was to open digital currency to every person on the globe without restrictions or permissions from central authorities. A movement called Open Finance, or Decentralized Finance seeks to make all financial services accessible to anyone with access to the Internet.
The Open Finance movement would transform traditional finance functions like banking, loans, savings, insurance, and similar items into decentralized technologies. It would be a global alternative for the financial services now only available through centrally-controlled institutions and governments.
Why Do We Need Decentralized Finance?
Many millions lack access to financial services across the globe, and many millions more have limited or restricted use of financial systems. Some studies place the number as high as 1.7 billion people that lack sufficient access to financial services. The lack of financial assistance can limit individual and group progress because it limits participation in the local and global economy. An open system without the need for permissions from governments, third parties, and central authorities could enable global economic growth.
Some many reasons and barriers prevent access to financial systems around the world. Some are due to governmental actions, while many people live in poverty and neglect conditions that have existed over many decades. Modern technology offers a new day for financial services. The Internet can be a pathway to financial freedom for a large part of the world’s under-served populations.
People could access financial services from any location with Internet service on any available equipment like computers, laptops, Smartphones, tablets, and mobile devices. At Koinal, we take pride in offering services for every level of knowledge and experience with cryptocurrency. Whether new or experienced, we can provide quick and reliable transactions using bank cards.
So, What Is Decentralized Finance?
DeFi is a short way to say decentralized finance; decentralized finance is an outgrowth of blockchain technology platforms accepting smart contracts. Many progressive thinkers view decentralization as an essential pathway for future growth. Decentralized finance systems use codes and Ethereum-type platforms to establish and carry out financial transactions without human interference or assistance.
DeFi products are services and functions that can exist in a decentralized financial environment. These products include savings and loan services, credit, and banking services. Software developers create services through DeFi applications, also called DeFi DApps. The Ethereum platforms can accept decentralized applications that include smart contracts and computer software applications. Innovators and developers can modify existing applications, create new ideas, and place them on public access platforms.
About ETNA.Network
ETNA Network is a one-stop shop for all things DeFi, NFTs and gaming. User-centered technologies that will revolutionize the crypto space and aid in the adoption.
ETNA’s DeFi product combines a hybrid banking network, the first to support the use of NFTs as collateral and a hybrid liquidity protocol with enhanced user experience facilitated by our novel broker-buyer type trading feature.
ETNA’s NFT Factory is an all-in-one marketplace and factory, it is the first NFT marketplace that facilitates spot trading of supported assets. The factory allows creators to easily mint digital assets and showcase them to collectors.
ETNA’s gaming ecosystem is developed to bridge the gap between decentralized gaming applications and conventional ones. With our tech, developers of conventional games are able to deploy such games on the blockchain easily.
FEATURES OF ETNA NETWORK
ETNA Network is an ecosystem for DeFi, NFTs, and gaming, which makes it simple for clients to borrow/lend crypto assets, trade game assets and NFTs, or different things from one platform securely and without any problem. Dispatched on the Binance Smart Chain platform, ETNA will furnish clients with a quick, effective, secure, and cheaper platform. ETNA is equipped with the following features;
Bank: Lending/borrowing platform that permits clients to get credits with NFTs as insurance. Furthermore, for ETNA holders, they will get the chance to borrow without interest.
Hybrid Marketplace: A platform that makes it simple for clients to trade numerous crypto assets without the need to have different crypto wallets. This platform is a combination of the ordinary liquidity DEX convention and a Broker-Buyer type exchanging system.
NFT Marketplace: On this platform, digital workmanship makers and authorities can assemble. Clients can trade their game assets or NFT tokens on the marketplace given by ETNA.
Gaming Ecosystem: The gaming Ecosystem permits consistent combination of ordinary games on the blockchain and game asset digitization components. Here clients can get to competitions, live
BENEFITS OF USING ETNA PLATFORM
For every stable coins deposited,18% APY will be achieved.
Plus 50 ETNA in additional bonuses for every 500 Stable coins deposited.
This means if a user deposits 10000busd, the user gets 18%al APY in BUSD and 1000 ETNA in bonus monthly
3)Interest-free loans when collateral used is ETNA
4)When ETNA token are Deposited, user will earn up to 27% APY
Farm ETNA in our Liquidity-Earn feature and earn up to 50% APY plus bonuses
ETNA is already listed on pancakeswap!
TOKEN INFORMATION
NAME= ETNA
TOTAL AMOUNT: 100 000 000
WAGERING: 40 000 000
PRESALE: 10 000 000
BBT MARKET: 30 000 000
LIQUIDITY: 6 000 000
PARTNERSHIP:5 000 000
DEVELOPMENT = 5 000 000
TEAM: 3 000 000
FOUNDATION: 2 000 000
ALLOCATION
60% development to rebrand the system, get license to operate and finally build an all-in-one wallet.
40% growth to recruit creative individuals, on the ETNA team to help improve the system.
Official resources of the ETNA Network project:
Website: https://www.etna.network/
Whitepaper: https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram group: https://t.me/EtnaNetwork
Telegram channel: https://t.me/EtnaChannel
Discord: https://discord.com/invite/dbuEXdm
Youtube: https://www.youtube.com/channel/UCgkP_qjdYSZ8iesrz5kK0Y
Author:
User Name : NGANTUK
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2750529
BSC Wallet : 0xC8201cadb909b923157e87b904551188a2c76F4b