Currently, transactions between encrypted currency and fixed currency are carried out mainly through centralized OTC trading platforms. Most countries do not establish encryption laws, which means that the platform can work without licenses and rules. Therefore, users of such platforms should always assume the risks when disclosing financial security and confidentiality; Meanwhile, the trading platform can manipulate transaction prices to obtain super profits. Of course, there is an increase in demand, which users can perform comfortably and securely between cryptographic and fiduciary currencies.
The aim of the VENA network is to create a decentralized financing of digital assets and the exchange of networks through the Vena Protocol. The Vena protocol is an open source protocol based on a chain of blocks where people can trade between cryptographic currency and fiat currency and use cryptographic currency as collateral for loans without having to rely on third parties. In the VENA network, users can use the cryptocurrency market, and the risk associated with fluctuations in the price of the cryptocurrency and dishonest merchants can be reduced.
Venous nodes are a key element of the Vena network. The Vena protocol defined two roles: Vena-Agent and Vena-Relayer. Venous nodes may consist of a role or a combination of two roles or may contain all types of service providers that come from market competition. VENA protocol is a mixed technology «Off-chain, the string Set-Relay», providing a balance between the efficiency and security of transactions and significantly reduce the cost of friction transactions. Therefore, commercial orders with encrypted signatures are sent through out-of-network channels, while transactions in the chain can occur only during value transfer.
VENA market transactions must provide accurate market data, as well as OTC operations and loan guarantees that are fair, transparent, safe and cheap. Each node of the transaction market VENA is an independent commercial institution and can benefit from the provision of financial services.
VENA Foundation is a non-profit organization created by the VENA team in Singapore, which is responsible for ensuring the sustainability of the VENA project, the efficiency of decentralized management, security and transparency of fundraising, as well as business development and innovation, to help start-ups based on the
VENA protocol .
The VENA command will emit the ERC20 markers based on the Ethereum block chain. The problem with the initial volume of VENA tokens is one billion, and each year it is necessary to issue a number of additional tokens. The additional scope of the VENA Token problems is closely related to the working status of the VENA network. The VENA network will use DAICO to manage funds and use the background tools and introduce 100% transparent rules in the code, which will be controlled directly by participants and intellectual contracts, and not by third parties.
After Daico VENA is completed, Fundación VENA VENA will create an investment fund specifically for the investment and incubation of companies and DAO in the VENA ecosystem.
The investment direction includes the technology underlying the block, the block protocol and applications, and the extension of the VENA protocol. VENA investment funds are managed directly by the DAENA VENA Committee, accompanied by a professional investment research group and an investment management team after the investment. From 20% to 50% of the proceeds will be used for the VENA emergency repurchase and destruction, negotiated in the market (scale of execution of a mortgage will depend on the price of the VENA token), and the remaining rent will be used for continuous investment keep going.
Until now, the round of VENA Network Cornerstone funding has been completed. Investors include LD capital, Homerun capital, Phoneixfin Fund, Mars Financial Ecology Investment Fund, Higgs Capital, BlockChain Fund (Australia), Newdo Venture, DDEX, Capital Byte, Global Future Capital, and Fireblue capital.
Ching Zhu is the founder of ChainBoard Technology. Day has worked as a technical director at the well-known ICE Fintech Company CREDIT which is responsible for the platform for designing and leading D + Integrated data-based credit management and kiss credit platforms.
Awarded as "UESTC Outstanding Student". Leading technical consultants from many companies give lecturers registered in several well-known technical forums in the field of consulting and design architecture.
Mr. Jeremy Lan is a senior blockchain engineer and co-founder and CTO of Hardrole. Day is proficient inside the technology that underlies the blockchain, the ordering scheme of the partial order DAG Network, and all types of safety protection technologies. He used to work at Hiscene and took over cloud architecture design and product development. Day is a member of the core team from the development of the Metaverse Blockchain.
Yuanfei Zhu is one of the founders of Satori in Singapore. He worked in Yahoo and Silicon Valley and participated mainly in machine learning and big data algorithms. He was the first Ethereum developer and completed a series of smart contract projects, such as ENS, on the Beico ICO business platform. Zhu graduated from the University of Technology and Computer Technology of Shanghai and created Moregg during the undergraduate period.
Amira Zhou, the employee of operations in the currency market, the
Ms. Amira Zhou, has seven years of experience in business development and project management.
Previously, he worked as an interpreter at meetings, including the Finance Minister of the G20 and the Governor of the Central Bank. He has experience of working in the foreign market and is dedicated to the research of the industry.
Its advisors were Benjamin Gu (president of the Foundation and DAEX CSO), Zhao Yan (director of operations of the Shanghai company with credit institutions in Shanghai) and Yongchang Zhai (author of the community Spring Cloud Microservice Practice And the Spring4all initiators).
Vena Network helps users to conduct financial activities through a well-written set of contract terms. Users of the platform will be able to retain copyrights and what this means for the Vena network is a growing smart contract templates market to enable users to conduct their financial activities efficiently.
For more information about the vena network, please visit below:
Website: http://vena.network/
Technical description: http://whitepaper-en.vena.network/#1-introduction-of-vena-network
Telegram: https://t.me/vena_network
Twitter: https://t.me/vena_network
Facebook: https://www.facebook.com/Vena-Network-207271413455484/
Author: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
Eth Wallet: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
