Vena Network: A decentralized financing and exchange network

There are already over a thousand of tokens worldwide. As the digital market continues to expand both in adoption and profit, more and more investors will become drawn to it, further increasing the demand for better and seamless financial services through the Blockchain. Exchanges, however in its current setting, still fail to put every user at ease from possible data leaks and lack of transparency.

Exchanges are areas where crypto investors tend to go to for asset management and improvements. Exchanges are often the most targeted area of scammers for being a platform where assets flow from one node to another. And in order for platform owners to generously continue the benefits they offer to their users, trade and exchange transactions are often done with a fee.

The security and stability needed for project owners to start their own exchange platform is the most challenging endeavor they have to take. With Vena Network, all exchanges and transactions can now be free of charge and project owners who wish to start their own exchange platform can benefit from the Vena Network Protocol’s advantages.

The Vena Network houses thousands of nodes worldwide where transactions are being facilitated. Through the interconnection of such nodes, Vena Network can process P2P lending and OTC trading anytime, anywhere around the world.

The Vena Protocol’s first application includes collateral lending, wealth management, OTC and currency exchanges. Its strong point is its ability to facilitate exchanges from fiat to crypto and vice versa, free of charge. Any project owners who wish to start their collateral lending projects can now be a part of the Vena Network and provide services of high trust rate, transparency and liquidity.

The Vena Protocol, which is a blockhain-based open source protocol, can easily provide financial services on DApps of service providers which are compatible to it. Service providers will be able to provide decentralized collateral lending, debt financing services and OTC trading of assets – crypto and fiat.

With the current collateral lending setting, of which most are centralized in nature, often abuse their power and put users at a tight spot for having to pay high costs. Through the Vena Protocol, collateral lending services will now be decentralized and will give more liquidity and transparent transaction to all users.

Vena Protocol allows exchanges as well free of charge, anytime, anywhere. So when a user is traveling to another country, he or she can easily obtain a local fiat currency from any DApps utilizing the Vena Protocol free of charge without having to go through the complexity and price volatility of traditional currency exchange. When a user does not have enough funds, he or she can also borrow money from anyone around the world without the need to go through the hassle of papers.

All dApps utilizing the Vena Protocol will be interconnected and belong to the Vena Node Network. Users can now benefit from the security, liquidity and transparency of every transaction in the nodes.

Vena also has a Jury Network that works when disputes can no longer be solved and addressed using Smart Contracts.