}
Abstract
_DeFi, so far, has focused heavily on taking traditional solutions such as insurance, loans, and banking, with the aim to decentralize them. That’s all well and good, but the industry is still looking for innovative solutions that make DeFi more accessible, such as a DeFi wallet that is jargon-free._
Cryptocurrencies are acquiring a lot of traction far faster than anticipated. The cryptocurrency sector has evolved and expanded substantially. Decentralized finance, or DeFi, is a rapidly expanding segment of the bitcoin business. Another component of decentralized finance is NFT, which has gained a lot of traction in the last year and has the capacity to grow indefinitely. NFTs give artists, gamers, entertainers, tattoo artists, and photographers the ability to sell their individual digital things as Non Fungible Tokens, or NFTs.
When it relates to in-game assets, the video gaming world is still plagued by the lack of actual ownership. By 2023, the market will have surpassed $200 billion. This comes after gamers expended $87 billion in 2019 on in-game assets over those they have no genuine ownership of. Some games have been able to establish the true value of in-game assets thanks to blockchain technology, but the benefits of this novel concept are still limited, and it has had no major effect on the market. ETNA Network will use blockchain technology to introduce new thoughts and functionalities for in-game assets.
What exactly is the ETNA Network?
ETNA Network serves as a one-stop-shop for everything related to DeFi, NFTs, and gaming. User-centric solutions that will alter the cryptocurrency market and aid growth. Cyclops Finance is a blockchain startup that began as a hybrid gaming ecosystem with the goal of integrating in-game NFT assets into a decentralised repurchase platform. On the Ethereum Protocol, facilitating smooth connectivity of financial and games.
Cyclops lived on Mount Etna in Greek mythology, which is why the Cyclops Finance ETNA Network for BSC migration is named after them.
ETNA Network's Mission
Etna promises to make it simple for people to get on board by making it intuitive and easy to utilize the platform without having to possess numerous wallets. The goal is to establish an all-in-one ecosystem, a common platform of interrelated crypto-type technology that is accessible to both experienced and novice users.
ETNA Network is developing DeFi, gaming, and NFT technologies. The following is a quick rundown of various technologies:
ETNA Network's Features
DEFI — The DeFi product is a hybrid of the two most popular DeFi-type applications: > DeBank, the first loaning network to accept NFTs as collateral and to offer ETNA holders interest-free loans. The very first hybrid liquidity mechanism with a capability for trading Broker-Buyer Type (BBT).
NFT Factory — > Most other marketplace and factories for Game Assets and NFTs powered by ETNA. > Immediate trading of game assets/NFTs among all assets value anchored on a price-demand curve. Uniting digital art makers and collectors.
Gaming — > A composite gaming ecosystem for everyone allows traditional games to be seamlessly integrated into the blockchain. Digitization of game assets in the traditional sense. The Tournament is a series of global gaming competitions that take place in real-time. Virtually, players from all over the world compete, and there's a lot more.
What is the mechanism behind it?
ETNA's DeFi system includes a hybrid banking network, was the first one to support all use of NFTs as collateral, with a hybrid liquidity protocol that provides a better user experience thanks to our revolutionary broker-buyer type trading capability.
ETNA's NFT Factory is an everything marketplace and factory that supports spot trading of selected assets. The factory makes it simple for creators to mint digital assets and sells them to collectors.
ETNA's gaming ecosystem was created to fill in the gap between decentralized and traditional gaming applications. Developers of traditional games can easily deploy their games on the blockchain using our technology.
What is ETNA Token and how does it work?
ETNA is the local currency of the ENTA Network ecosystem, and it's utilized for things like lending, borrowing, selling and buying NFTs, and paying fees.
ETNA Network is the name of the Tokonomics Token.
ETNA Network: Binance Smart Chain Token Ticker
100,000,000 total supply
Putting down $40,000,000.00
30,000,000 Fund Allocation Presale on BBT Marketplace 10,000,000\sLiquidity Team 3,000,000 6,000,000 (locked for 2 years)
Partnership 5,000,000 Development Fund Foundation 5,000,000 2,000,000
ETNA Token Utility Lending Platform – ETNA Tokens can be used to take out interest-free loans.
ETNA would be used as collateral in the BBT Market as a Proof of Insurance Mechanism.
NFT Market Currency — ETNA is the preferred currency of the NFT Marketplace, which can be used to exchange in-game assets and other NFT's Rewards — ETNA can be utilized as a treasure and prize in the ETNA ecosystem's gaming part.
NFTs are in-game assets that are held on the Binance smart chain, giving players complete control. They can be used as in-game assets, traded on the secondary market, staked on NFT reward pools, or used as leverage to borrow other tokens.
More details here:
Website: https://etna.network
Whitepaper : https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram: https://t.me/EtnaNetwork
Medium : https://etnanetwork.medium.com
Discord : https://discord.com/invite/dbuEXdm
Github : https://github.com/etna-network
Author
➡️Bitcointalk profile: palmet
➡️Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2868526
➡️BEP20 Address: 0x821434fee8C8661F045218744D2C33cb1bD2848d