INTRODUCTION
It’s indeed factual that it’s not always easy to have a best working crypto exchange system at your finger tip, but when there is pool of Crypto-Exchanges, all you need is Golden One which is why VENA NETWORK showed up picturing that there is more urgent need for extensive and pro-active security, privacy, and transparency on blockchain.
Revolutionizing global cryptocurrency investment! Today, investing in some brand new digital assets such as cryptocurrencies, protocol tokens, and ICOs is subjected to high danger of hacking, poor user experience, and legal uncertainty.As of today, $2.3 billion USD in Crypto assets have been lost in various hacking attacks as Cybersecurity is one of the most pressing concerns for businesses and consumers, as hacking is rightfully perceived as cancer that has a disastrous impact on both our economy and society but thanks to the technology of Vena network. The high flying Vena network in its exceptionally cutting edge trait and value has been able to set itself apart from amateur cryptocurrencies by rising up, busy addressing and taking this threats strictly serious with its mission to serve as a standard exchange medium for outstanding safe transactions and building a maximum support system; a technology that affords the best level of security for the platform that does not overly rely on centralized security management protocols.! No doubt, Vena Network offers transactions with security, privacy, and transparency of blockchain.
What is Vena Network?
A tokenized asset financing and exchange network. Many products of Vena have been launched. The first thing to do is to register with Vena and after the registration,then he will conduct OTC and commence with collateral lending. There are two exchanges for Vena investors ,they include DigiFinex and Kucoin.
Vena Network brings this benefit to the financial sector in a feasible manner.
Additionally, the underlying protocol mends security solutions to p2p interactions in a format that is agile enough to not be limited to one form of service. Thus, Vena holds benefits for both the Crypto community and the professionals in the traditional financial market(s).
Vena Network’s is targeting the massive financial sector and its protocol facilitates the development of enough types of services that it can target the sector as a whole. Additionally, its ability to secure OTC trading can help it quickly acquire an additional userbase (from the Crypto community), and this is a powerful competitive edge as start-ups often struggle to build their initial userbase.
AIM OF VENA NETWORK
A project that aims to change the construct of the financial markets has a challenging hike to fulfill. And any platform must retain a good community engagement and growing user base to survive; this is particularly true for start-ups. Vena Network's strength lies in the fact that it provides a much-needed benefit to the Crypto community, a demographic that also happens to be adjusted to blockchain developments and will easily grasp the details needed to use Vena Network.
Vena Network is providing the infrastructure for a world where capital (from loans) can be a cross-border reality. Vena Protocol is designed to allow qualified nodes to issue loans without being balked by centralized financial entities.Entrepreneurs, anywhere, will be able to access loans in this peer-to-peer ecosystem. To some, this will finally be an opportunity to break from the burdens of losing the lottery of birth. Vena Network can allow Vena Nodes to issue capital to those who need it most, but nodes need to be qualified. This means that those issuing the loans would have passed a vetting process that ensures they are able to make the proper risk analysis when issuing a loan. Thus, when an entrepreneur would request such a loan, he or she can rest assured that if the idea has genuine potential, the capital will be accessible.
Why Vena Network?
Vena Network one of the ICO who have good enough quality. Vena Network run ICO with the project exchange and trading assets of cryptocurrency. In the categories of ICO, a requirement of many sought after by large investors was a project exchange one of these. Vena Network is seen in terms of his project is a project of interest this year.
Features Of Vena Network
Below are some of the characteristics of Vena Network
-- Vena nodes can profit from transaction fees by establishing nodes based on the Vena protocol
To be applied to fiat-to-cryptocurrency (ETH, BTC, etc.) loan and transactions
The two parties of the transaction need not rely on a third-party trustworthy intermediary, the security of the transaction is guaranteed by the protocol
Use Aragon software to realize decentralized management
Multi-chain deployment & cross-chain asset transactions
Distributed jury network works as the main transaction protection mechanism
COMMON TERMS USED IN VENA NETWORK
Juror Application
To join the Jury of Vena Network, it is needed to firstly submit an application to Vena DAO and provide proof of identity. After the application is approved, it is needed to participate in the online training and assessment of the Vena Jury
Arbitration
The full set of arbitration software runs on the infrastructure built by Ethereum and IPFS. Through a simple user interface, the jurors can easily receive the evidence submitted by both parties and arbitrate
Economic Incentive and Guarantee Deposit
In order to motivate the jurors to exercise the jury power properly, the jurors shall deposit a certain amount of VENA Token in Vena DAO
The main role of the VENA node network is to promote the liquidity of VENA NEWTORK, VENA node can use VENA SDK to customize and provide users with comprehensive transaction services including but not limited to lending, asset transactions, credit evaluation, contract plug-in transaction, etc., and earn profit by collecting fees.
Guarantee: Certified VENA nodes shall deposit VENA Token as a guarantee according to a certain percentage in the VENA Foundation.
Qualification: Certified VENA Nodes need to have qualification as well as experience in micro-loan operation and abide by the laws, regulations, and policies of the place where they operate.
ROADMAP
A roadmap is a strategic plan that defines a goal or desired outcome, and includes the major steps or milestones needed to reach it. It also serves as a communication tool, a high-level document that helps articulate the strategic thinking — the why — behind both goal and the plan for getting there.
IMPORTANT INFORMATION LINKS
Website - http://vena.network/en
Whitepaper - http://whitepaper-en.vena.network/
Facebook - https://www.facebook.com/Vena-Network-207271413455484/
Telegram - https://t.me/vena_network
AUTHOR BITCOINTALK DETAILS:
USERNAME: helenbmb
BITCOINTALK PROFILE LINK:
https://bitcointalk.org/index.php?action=profile;u=2283700;sa=summary
ETHEREUM ADDRESS :
0xe995D2b766cd55241aFC2BF4F5eF11B25920FB3a
Congratulations @patrickcharles1! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit