Vena.Network

Greetings to you all readers, in this article i will be discussing what exactly this brand new and pathfinding innovation is all about and i will appreciate your standing by till the end.

In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at VENA have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.

Vena Network Introduction
Vena Network is aimed at creating funding decentralized digital asset exchange on the network using the Protocol Vena. The Vienna Protocol is an open source Protocol based on a chain of blocks where people will be able to trade between a cryptographic currency and a currency decree and use the cryptographic currency as collateral for loans without having to trust third parties. In the Vena network, users can use the criptomonedas market, and you can reduce the risk associated with fluctuations in the cost of criptomoneda and unscrupulous entrepreneurs.

Nodes veins are the key network element Vena. Protocol vein, identifies two roles: once upon a time Agent and Vienna-Relayer. Vein nodes can be a role or a combination of two roles, or they can contain all types of service providers that result from competition in the market. The Vena Protocol is a mixed "Off-line Set-Relay" technology, providing a balance between efficiency and security of operations and significantly reducing the cost of friction transactions. In this way, trade orders with signatures are encrypted, sent over channels outside the network, while trades in the chain can only occur when the value is transmitted. Interested partners can be added one or more orders, contract smart to ensure that the transaction under the contract, smart.

Vena 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, the security of the transaction is guaranteed by the protocol

Use the Aragón software to perform a decentralized management

Vena node network

Matter of fact, the main function of Vena network node is to promote liquidity Vena network, Vena node can use Vena SDK to customize and offer users comprehensive transaction services include but not limited to loans, asset transactions, credit evaluation, contracts of plug-in contract, etc., and get a benefit by collecting fees.

Qualification

Certificates Vena nodos must have qualifications and experience in micro credit operations and comply with the laws, regulations and policies in which they operate.

Ensure that Certified Vena nodes will deposit the VENA tokens as collateral depending on a certain percentage in the Vena Foundation.

Highly liquid certified Veta nodes

they can place orders in a shared liquidity group, the Vena nodes can share orders and obtain costs by promoting transactions and increasing the liquidity transactions of the network with economic incentives from the distribution of profits.

Security

The digital assets of the users are stored in their wallets or blocked in a smart contract. Vena nodes do not have digital user assets, thus avoiding the moral hazards of the escape platform. At the same time, it also greatly reduces the security costs necessary to deposit assets for the nodes.

Uri Jury application

To join the Vena Network Jury, it is necessary to first submit a request to Vena DAO and provide proof of identity. After the approval of the application, it is necessary to participate in the online training and evaluation of the Vena jury.

➔ Arbitration

The complete arbitration software runs on the infrastructure built by Ethereum and IPFS. Through a simple user interface, judges can easily receive evidence submitted by both parties and carry out arbitration

➔ Economic incentives and Deposit Guarantee

To motivate the judges in order to use the power of the jury correctly, the judges deposit a VENA token in Vena DAO

➔ Mechanism Mechanism Exit

out will begin when circumstances occur during the term of the contract as follows: A. The volunteer spokesman for the exit B. Got a fine of more than 5 times during the contract period C. Vena DAO Committee determines that the jury has a clear error. (like a conspiracy to commit fraud)

ICO Distribution ANALYSIS

The total number of VENA Tokens issuance is 1 billion. And tokens for teams, advisors, personal sales, crowdfunding sales, foundations, and incentive pools will be distributed by smart contracts as follows:

Team and Advisor: 15% of the total number of VENA tokens issued is accounted for this section,1/4 part will be distributed immediately after issuance of tokens; The remaining 3/4 part will be locked for one year, and after a one-year lockout period, the token will be distributed as follows: 1) VENA advisory tokens will be distributed immediately; 2) 1/4 of the team tokens will be distributed immediately and the remainder will be distributed gradually over a period of 12 months.

➽ Personal sales: Its in two methods that Personal sales VENA tokens will be distributed: 1) Parts of tokens that are not included in the locking plan will be distributed to the participant's wallet within 2 days before recording in exchange; 2) Part of the token included in the locking plan will be locked in a smart contract after listing in exchange, in accordance with the rules set which will be opened and distributed to the participant's wallet in stages.

Publik Public sales: Ofcourse this section will be distributed after the public sale, before being listed instead to the participant's wallet within 2 days

➽ Foundation: smart contract will held this section and opened every month in two years. The use of funds that are not locked will be subject to DAO Vena agreement with disclosure of details when used.

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

➽ Reservations: Through the DAO funds can be raised from the reserve when the team is underfunded, or the ordered part can be transferred to the foundation's funding pool to promote development of the ecosystem