How much do you pay for every single exchange?
Most of cryptocurrency holders and traders use different external exchanges. It is fine, because there is no way to find an exchange, which is reliable enough and there is no way to obtain license, because nobody gives these licenses. Vena, which is the main topic of this article, is here to improve the situation in some way, but first we need to find out what the problem is. Therefore, you compare the rates and look for the best rate. In addition, there is need to find cross-blockchain exchange, because demand for this trading direction is higher. In fact, exchange rate could not show the real order of things.
It is completely obvious that every single company taken certain fee for its services. However, sometimes fee is obvious and sometimes fee is hidden. It means that you can overpay for the exchange even without having any clues about it. That is why we all need clear and easy exchange mechanism, which will help exchanges to earn, while users get better conditions. You may say that this is utopia, but it is only one of many features, which are offered by Vena network.
So why do you have to pay so much? Because there is no tools for direct exchange between users. Every exchange keeps its own reserve. In such terms, you pay for the time you send money to exchange and then you pay fee for getting another currency. We mean the transaction fee, not the fee of exchange, but it will be taken from you too.
Crypto and fiat
Vena network will not be limited by cryptocurrency market only, because it gives banks and other representatives of world financial system an opportunity to interact with cryptocurrency asset holders. In all the cases, interaction is direct and controlled by smart contacts. It means that you will not have to overpay any more. Even more, every holder of Vena Tokens will get 50% for every fee, so these people will be able to save even more.
What is the point? Why Vena Network is going to provide users with such conditions? Because the demand for such conditions is extremely high. There are thousands of people, who would like to change ERC-20 tokens for coins, which are based on Bitcoin Core and do not pay huge amount of money for it. Traders will finally get a chance to make fair profits, bases on their skill, without need of loosing of significant part of portfolio because of looking for the best rate.
Moreover, everybody, who holds fiat and want to enter cryptocurrency world will be able to make it safe and fast. Vena is here to connect both banking and cryptocurrency market. You will not need to use any kind of intermediaries, because Vena will contain huge base of different smart contracts, which could be uses by any person without programming skills. These patterns are the key for wide adoption of crypto. Want to find some more info about Vena? Visit vena.network!
Website - http://vena.network/en
Telegram group - https://t.me/vena_network
twitter - https://twitter.com/VenaProtocol
facebook - https://www.facebook.com/Vena-Network-207271413455484/
Author - https://bitcointalk.org/index.php?action=profile;u=395314
MY ETH adress - 0x2C22c7B2c7BB23189abAfc8cE4D1083ab08a5233