1 . Vena Network’s ICO has already launched in http://Tokenplus.co and Vena network official website. We raised about 5666 ETH, and the price is 1 ETH = 15000 VENA, among these, 5000 VENA has lockup period; and in public sale the price is 1 ETH = 10000 VENA
2 . Main Characteristics of Vena Network
- Construct the distributed commercial network by using tokenized economic model
- Users shall get decentralized identity authentication to conduct credit and fiat currency related transactions
- Well-defined protocol design. The basic protocol layer is highly abstracted to improve the degree of freedom for secondary development, bringing more ecological roles with more innovation scenarios; the asset protocol layer endogenously supports standard contract library including debt contracts (debt issuance, credit, collateral loan) and trading contracts, which acts as a business forerunner to build an asset financing and exchange ecosystem.
- Achieve closed-loop circulation of digital assets from asset issuance to the secondary market trading, and can directly complete spot transactions, right of pledge transfer, and the circulation of collaterals (only supporting Stable Coins) within the Vena Ecosystem.
- Support NFT (non-fungible token) standard and achieve value-added collateral loan for portfolio through self-defined terms contract
- The third party implementing template contract library in asset protocol layer will retain the copyright, thereby establishing a template contract transaction and service market, and the author may charge the user for the service fee.
- Different roles in protocol ecosystem will receive compensation, for example, appraiser can use its own data model to provide users with quality credit evaluation services and gain profit.
- Support ETH, ERC20, BTC, EOS, and BCH, and more cryptocurrencies in the future
- Support the transaction between cryptocurrency and fiat currency and the collateral loan
- Solve the risk that the counterparty viciously withdraws from the transaction by smart contract with time lock (Timelock Contract)
- Only support the irreversible fiat currency transfer so as to minimize the risk of refund (see https://en.bitcoin.it/wiki/Payment_methods)
- Distributed jury network works as main protection mechanism for fiat-to-cryptocurrency exchange.
- Restrain the transaction amount (50ETH) in transactions involving fiat currency to lower the overall risk exposure
- All transaction details are held in smart contract and signed by both trading parties, which can be used as evidence when there is a dispute.
- Regularly call the price predictor oracle contract through clocks of differenct chains ( such as ethereum-alarm-clock), and obtain the real-time price of token from the trusted-oracles-set
- Solve the risk of collateral price falling through compulsory liquidation mechanism
- Solve the risk that the collateral price quickly falls below the debt amount (no time for compulsory liquidation) through additional protocol token issuing mechanism
- Implement the decentralized governance with Aragon software
- Safely construct and manage smart contracts with Zeppelin_OS
- Issue source code with open source permit (AGPL)
LINK : https://vena.network/en.html
=> ETH : 0xcf6e60c418160a3464816034C78bEa1963D9a714