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"VENA NETWORK - and Virtual Currencies can hold long-term promises, especially if innovation promotes payment systems that are faster, safer, and more efficient."
Today is the world of cryptocurrency, more and more companies are entering the cryptography market with a solid vision and mission. All have strong ideas with a strong ICO. but the main problem is people are still confused with the world of cryptocurrency. They are afraid to invest in it. But the reality is that the world of cryptocurrency is safer and safer because Blockchain technology and smart contracts are a major part of this world.
When looking at the scope of cryptocurrency, Vera.Network also came to this world with a good solution for people. Vena aims to establish decentralized digital asset financing and network exchanges through the Vena protocol where you can process collateral loans for P2P cryptocurrency, OTC trading and allow free exchange between fiat currencies and cryptocurrency.
The entire Vena Network consists of two layers:
The basic protocol layer, which mainly includes registration, configuration, routing, and top-level financial business management.
The asset protocol layer, based on assets, complements the user-defined financial business through the application of contract interface terms.
Crypto world of the Vera. Networks differ from all traditional ones because they have the following characteristics:
By using a tokenized economic model, the Network vein is a distributed commercial network.
For currency and fiat transactions, the Vena Network provides decentralized identification authentication.
Supports standard non-fungible tokens (NFT) and obtains value-added collateral loans for groups through self-defined contract contracts.
a well-defined and well-designed protocol. This protocol is designed to restore degrees of freedom for secondary development and bring more ecological roles.
Veins network supports ETH, ERC20, BTC, EOS, and BCH. The more currencies will be added to the platform.
Publish the source code with AGPL open source permission
Vena Network is a distributed jury network that can serve as the main protection for exchanging cryptocurrency.
This supports transactions between fiat currencies, collateral loans, and cryptocurrency.
Smart contracts are included with Zeppelin_OS and time keys.
Blockchain technology based platform and implementing a decentralized government with Aragon software.
This platform solves the risk of collateral prices falling through a mandatory liquidation mechanism.
Asset trading is carried out directly between buyers and sellers
Vena Networks increases liquidity and transparency.
Also, Vera. The Network Platform is user-friendly for newcomers and beginners.
If you travel the world, you can easily get local fiat currencies on various DAPPS Vena Protocols without fear of complicated currency exchanges. Also, you can borrow money anywhere without any restrictions.
As we already know that vein networks have a positive full mission to improve traditional exchange systems, it is always worth investing in cryptocurrency. Sales tokens will be arranged in the coming days. Continue to visit the "Vera. Network" website to get the latest updates and information.
Vein protocol
To be applied to loans and transactions from trust to cryptocurrency (ETH, BTC, etc.)
Both parties to the transaction do not need to trust trusted third-party intermediaries, transaction security is guaranteed by the protocol
Use the Aragón software to do decentralized management
Venous node network
The main function of the Vena network node is to promote the Vena liquidity network, Vena nodes can use Vena SDK to adjust and offer users comprehensive transaction services including but not limited to loans, asset transactions, credit evaluations, contract plug-in contracts, etc. , and get benefits by collecting fees.
Qualification
Nodic veins certificates must have qualifications and experience in microcredit operations and compliance with laws and regulations and the policies they operate.
Ensure that
Certified vein knots will store VENA tokens as collateral depending on a certain percentage in the Vena Foundation.
The Certified Veta Knot is very liquid
They can place orders in joint liquidity groups, Node veins can share orders and get fees to promote transactions and increase network liquidity with economic incentives from profit distribution.
Security
User digital assets are stored in their wallets or blocked in smart contracts. The vein node has no digital user assets, thus avoiding the moral danger of the escape platform. At the same time, it also reduces asset costs for nodes.
Uri Jury application
To join the Vena Network Jury, first need to submit a request to change the DAO and provide proof of identity. After approval of the application, it is necessary to participate in the jury's training and evaluation.
➔ Arbitration
Complete arbitration software runs on infrastructure built by Ethereum and IPFS. Through a simple user interface, the judge can easily accept the evidence submitted by both parties and arbitrate
➔ Economic incentives and Savings Guarantees
To motivate the judges to use the power of godly people, the judges handed over the sign of VENA to Vena DAO
➔ Mechanism of the output mechanism
You will start when you have a volunteer spokesperson to exit B. You have a fine of more than 5 times during the period C. Vena's DAO committee determines that the jury has a clear error. (as a conspiracy to commit fraud)
Network judge
The jury network applies to situations where smart contracts cannot be handled and will present the results to a smart contract.
Plan token distribution
The total emission of VENA tokens is one billion. And electronic keys for teams, personal sales advisors, sales of crowdfunding, foundations, and incentives to be distributed by smart contracts as follows:
➽ Team and Advisor: account for this section to get the total number of cards issued, will be distributed immediately after the issuance of tokens; 3/4 of the remaining parts will be blocked for up to one year, and after a one-year blocking period, the tokens will be distributed as follows: 1) token suggestions for VENA are distributed immediately; 2) 1/4 of the signal equipment will be distributed immediately and the remainder distributed gradually over 12 months.
➽ Private sales: Personal sales of VENA Cards will be distributed in two ways: 1) Part of the blocking plan will be distributed to participants' wallets within 2 days before recording in exchange; 2) The part of the card entered in the blocking plan will be blocked in the smart contract after being entered in an exchange, which will be opened and distributed to the wallet participant in stages according to the rules set. Public sales
Public: after public sales, this section will be shared with participants within 2 days before appearing on the list.
➽ Foundation: this section will be carried out through smart contracts and will be opened every month in two years. Use of non-blocked funding agreements with detailed disclosures when used.
➽ Bounty Pool: every year, community teams and developers will receive 1% of their permanent shares for 10 consecutive years; The remaining 5% will be used for important resources, including, among others, talents, strategic partners, etc.
Reservation: funds can be raised from reserves through DAO when the team does not need to be transferred to the foundation funding fund to promote ecosystem development.
(Vena road map)
please visit the link below:
Website: http://vena.network/en
Report: https://bitcointalk.org/index.php?topic=5031375.0
Telegram: https://t.me/vena_network
Twitter: https://twitter.com/VenaProtocol
Facebook: https://www.facebook.com/Vena-Network-207271413455484
by: cahaya langit
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