Partner with Kucoin, Tekrise, etc., Vena is Supplying Safe and Convenient Collateral Mortgage

When people are loaning, they prefer mortgage, as collateral brings them security. However, traditional collateral shows obvious disadvantages.

Problems occur when the authenticity of the collateral is not certain. In most credit relationship, collateral will not be actually handed over to investors. On the other hand, it is too high-cost and troublesome for individual investors to confirm that with their own strength.

So unnecessary cost appears for the information asymmetry. Investors have to suffer risk, and platforms have to inform investors of authenticity.

Another problem is how to deal with the collateral when it is needed to pay the loan. The dealing of the estate last for a constant period and there are lots of legal matters, which are out of individual investors’ capacity.

These problems also exist with other collateral. So investors have to keep being worried even if the loan is a mortgage. Each investor may wonder, can’t we have a kind of collateral which can make us reassured?

So Vena turned to cryptocurrency. That’s the key to solve the problems above.

Let’s discuss bitcoin as an example. If bitcoin is used as collateral, that will never be a fiction. Everyone can confirm it easily, so you can make sure the collateral does exist in one minute. No controversy or uncertain comes about. When dealing with the collateral, it also keeps easy, just an action of transferring, and that’s done. No legal matters, completed in one minute. That’s awesome convenient and reassuring, isn’t it?

So Vena is working on that. We build a platform where you can get a mortgage with your bitcoin as the collateral, or you can invest in a mortgage with bitcoin as the collateral. If you want to make use of your bitcoin without selling them, it is a good choice to regard bitcoin as collateral. If you want to invest in a reassuring mortgage, Vena may be your perfect channel.

Certainly, you may wonder, what will Vena do if the price of bitcoin, the collateral, decreases? We know it is normal for the price of cryptocurrency to fluctuate, so if the value of the collateral decreases to a particular level, let’s say, 150% of the loan amount, we will inform the borrower to supply new collateral in time, or the bitcoin (the amount equal to the capital and the current interest) will be compulsively transferred to the loaner.

So you will never worry about the fluctuation of the bitcoin price. The loan will be safe and convenient. Vena is now building such a network for capital financing, for both borrowers and investors.

Vena is going to start ICO in the following 1 or 2 weeks. If you are interested, you can follow us in Facebook, Twitter, Telegram, Instagram, Reddit, etc. just by searching ”Vena Network“.

(Our partner includes KuCoin, tekrise, F’enhance, vipexc, etc. And the ICO will be held on Leek ICO and TOKENPLUS.)