Hello everyone. . my name is Tatank. I personally really like blockchain technology? because this technology is very sophisticated and has its own uniqueness. on the other hand, blockchain technology has developed rapidly, even being popular all over the world. many local and private companies have participated in developing their projects using blockchain technology. and talking about blockchain technology, most investors are familiar with (cryptoqurrency). yes I will explain that Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public keys and private keys are often used to transfer cryptocurrency between individuals. However, because it is not tied to any particular country, its value is not controlled by the central bank. Examples of the main functions of cryptocurrencies, such as the rise and fall of the price of a coin depend on market supply and demand, which means that it behaves like precious metals, such as silver and gold. well related to that, this time I will bring you a very unique Defi project, and that project is called ETNA NETWORK, a platform that is promising, unique, transparent, profitable and will certainly attract a large market investment.
Project ETNA is the further modification of Cyclops Finance project. Using BSC ntwork for providing more scalability, flexibility and transparency is the motive of ETNA which is created by modifying Cyclops Finance project to BSC networm. Binance smart chain is providing best solutions to the market congestion. When the other blockchains/smartchains are taking longer time for transaction confirmation and also the transaction fees charged is insane during market congestion, ETNA is capable to provide fast transactions with very low fees. So the users of the platform are able to transact freely and can use all the DeFi applications and protocols. So the project ETNA is supporting and enhancing the DEFI usage and make it sure that small investors and traders can use the technology development in its full potential.
ETNA is an emerging platform and now is well established one. This project which took my attention because of its unique innovative ideas and creating the best user friendly ecosystem which aims to provide the best available technology and its best use to the users. ETNA is a hybrid DeFi project that evolved out of the typical DeFi yield farming project but in a different direction. This project is created with a sound vision of developing highly customizable blockchain solutions for gaming. ETNA is the first decentralized cloud gaming platform that is profitable for everyone. ETNA technology combines the concept of DeFi yield farming and assets identity representation through NFTs to develop a hybrid decentralized gaming platform. This innovative platform provides the smart solution for blockchain users and crypto currency fans. It is the convenient platform for miners to rent out their hardware and this platform is providing an easy way to play on demand on the powerful gaming rigs for gamers. It is a hybrid of yield and NFT farming that is coded into game/puzzle logic.
ETNA is supporting all DeFi protocols where the users can stake their assets to earn good interest also they can use liquidity pools for liquidity mining and can do yield farming to earn good rewards on the platform. Further users can lend their assets which are lying uselessly in their wallet to earn good interest income. And the various projects and traders to cover up their liquidity can borrow crypto assets on the platform. The smart contracts of the platform are capable to handle the transactions effectively without any smart contract failure and ETNA is making it sure that only the deserving person will receive the funds.
The transactions are executed by the innovative smart chain and technically advanced smart contracts of ETNA platform. Once the certain conditions are met, the transaction is executed and the whole process is done in user’s account. The executed data is stored by nodes of the platform on blockchain via blocks. This data is always present in a distributed ledger on blockchain where any one can see and authenticate it. Data once executed can not be reverted and there is no chance that any bad actor can intercept or change the data. So the project ETNA is fuhrer modification of technology and assuring much transparency and data immutability to the users of the platform.
ETNA has revolutionize the passive income earning concept on blockchain. Users of the platform can lend their NFTs to the players who need NFTs to win the game but can not afford it. But on ETNA platform the players can borrow the required NFT and after using it can refund it with small interest to owner of the NFT. The stake holders and liquidity providers of NFTs can sell their staking or yield farming protocol if they don’t want to continue staking or yield farming. The NFTs are representing digital ownership on blockchain and the holders of staking & liquidity mining are required just to transfer the digital ownership and the buyer will become the owner of NFT and all the staking/ liquidity pools where it is used. That all is done in a single click and there is no need to first remove liquidity and then sell the assets to get money. That is really a revolutionary concept and project ETNA is fully supporting and has make it very easy and comfortable to earn passive income on the platform.
ETNA Marketplace is a business model that focuses on facilitating commerce between buyers and sellers. It helps to build a connecting platform for sells and purchase of products at a commonplace. A demand curve is a graph depicting the relationship between the price of a certain commodity and the quantity of that commodity that is demanded at that price. ETNA is allowing the users to have access to the game assets and The buy/sell price of these assets follows the definitive price-demand curve that means both the buy and sell price of all game assets increases with every additional asset bought. And as such an early buyer can earn profits by selling when demand for an asset increases. In addition to this ETNA provides a platform where these assets can be traded at any time so when the price is high the users can sell their assets to get profit. This platform creates an ecosystem to trade game assets freely. And the assets value pegged to price demand curves. This allows users holding assets in the early stage to benefit from profits against the native token. And as the assets’ prices are proportional to demand, holders will make both short and long-term profits.
For More Information
Website: https://www.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
Author
Forum Username: Tatank
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2463756
Telegram Username: @sonyZz
BSC Wallet Address: 0x0dc734919Fa5812f53EF71B1Cf040bE88d7675Ca