Digital Network Development and Exchange, People Can Communicate wi...

Vena Network
Vena Network - Open Protocol to implement Asset and Token Exchange Financing
We can build a digital network and exchange, where people can carry out communicating with P2P financial systems and OTC trading anytime and anywhere, most likely exchanges between currencies and currencies.

Application of multi-chain & cross-chain asset transactions
Distributed jury network serves as the main transaction protection mechanism
Vena nodes can take advantage of transaction costs by building 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

Vena Node Network.

The main role of the Vena node network is to promote Vena Network liquidity, Vena nodes can use Vena SDK to adjust and provide users with comprehensive transaction services including but not limited to loans, asset transactions, credit evaluations, contract plug-in contracts, etc. , and get a profit by collecting fees.

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.
Guarantee
Certified Vena nodes shall deposit VENA Token as a guarantee according to a certain percentage in the Vena Foundation.
High Liquidity
Certified Vena nodes can put orders into shared liquidity pool, Vena nodes can share orders and earn fees by promoting transactions, and improve liquidity of transaction network by economic incentive of profit sharing.
Safety
Digital assets of users are kept in their wallets or locked in smart contract. Vena nodes do not hold digital assets of users, thus avoiding the moral hazard of platform running away. At the same time, it also greatly reduces the cost of safety required for asset deposit for nodes.

➔ 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

➔Exit Mechanism
An exit mechanism will be initiated when the circumstances occur during the contract term as follows: A. Jurors volunteer to exit B. Get fined more than 5 times during the contract term C. Vena DAO Committee determines that the juror has obvious misconduct (such as conspiracy to commit fraud)

Jury Network

Jury network is applied to situations where smart contract is unable to deal with and it will submit results to smart contract.

Token Distribution Plan

The total amount of VENA Token issuance is 1 billion. And the tokens for teams, advisors, private sale, crowdfunding sale, foundation, and incentive pool will be distributed by smart contracts as follows:

➽ Team and Advisors: This part accounts for 15% of the total amount of issued VENA tokens, 1/4 of the part will be distributed immediately after token issuance; the remaining 3/4 of the part will be locked up for one year, and after the one-year lock-up period, the tokens will be distributed as follows: 1) VENA tokens of advisors will be distributed immediately; 2) 1/4 of the tokens of the team will be distributed immediately and the remaining will be distributed in stages over a period of 12 months.

➽ Private sale: VENA tokens of private sale will be distributed in two methods: 1) The part of tokens that are not included in the lock-up plan will be distributed to the participant's wallet within 2 days before the listing in exchange; 2) The part of tokens that are included in the lock-up plan will be locked in smart contract after listing in exchange, which will be unlocked and distributed to participants' wallets by stages according to established rules.

➽ Public sale: After public sale, this part will be distributed to the participants' wallets within 2 days before listing in exchange.

➽ Foundation: This part will be held by smart contract and unlocked monthly in two years. The use of unlocked funds will be subject to the approval of Vena DAO with disclosure of details during use.

➽ Bounty Pool: Each year the team and community developers will be given a fixed share of 1% for 10 consecutive years; the remaining 5% will be used for introduction of important resources, including but not limited to talents, strategic partners, etc.

➽ Reservation: Funds can be raised from the reserved part through the DAO when the team lacks funds, or the reserved part can be transferred to the fund pool of the foundation to promote ecosystematic development.