INTRODUCTION

Every day, we hear more engagement by major industry players as we creep closer to the Metaverse, a shared persistent virtual environment of interconnected digital experiences. And it all starts with playing games. Video games make us feel like we can do anything.

Games and gamers

This goal is something that players value tremendously, and each week, gamers spend an average of about 30 hours playing games, interacting on game forums and participating in game streams. Any sense of freedom or ownership that players feel is an illusion because game publishers and platforms are actually in control of your game and metaverse experience. Valued at over $170 billion and growing, the global gaming industry is valued more highly than film and music combined. There is a lot at stake for game publishers who feel they need tight controls on games to protect their profits.

Players are required to use the in-game trading system and can only transact with certain in-game currencies such as coins, credits, gold and gems. As such, in-game assets only have their original in-game value. This happens regularly in the game world.

About Project

ETNA brings a new way of facilitating a gaming ecosystem leveraging the NFT assets and conventional games onto the blockchain platform. As a DeFi project amalgamating the functions of yield farming and NFTs, Etna now ventures into Lending and borrowing via cryptocurrency networks.

ETNA Lending and Borrowing Functions

The trading platform that also includes lending and borrowing sequences is named ETNA. This dedicated platform runs on the tenets of the Binance Smart Chain and aims to support the adoption of the DeFi technologies. ETNA's adoption of the DeFi technology is done to deliver customer-centric solutions.

Lending and Borrowing on ETNA is programmed to be simpler and supports a larger extent of use cases. On ETNA, the users can secure a loan against NFTs as a collateral. So, any NFT owner can provide their NFT to the lenders and get a loan. For users staking the native ETNA tokens as collateral for the loans, no interest rates are charged.

When it comes to the DeFi-oriented aspects of the platform, users can now lend and borrow, transact in the marketplace, and engage in regular contests to earn rewards.

Comprehensive Market-Ready Functions

The marketplace proffered by the platform represents a mix of DEX trading and Broker-Buyer functions which is an improvement from the existing system with a similar approach. The marketplace, which is also called a Hephaestus workshop, works as a comprehensive marketplace.

The Hybrid Marketplace has integrated gateways and can be used to trade products. These multiple gateways will allow the users to transact in different cryptocurrencies. The payment gateways are built in a manner that any user can make payments without owning multiple payment wallets.

ETNA Tokenomics

The total supply of ETNA tokens is 100 million. The entire token supply is divided into various aspects that include staking, the marketplace, presale, liquidity, partnership, development fund, team, and foundational. The team allocation, partnership & development funds, plus the foundational allocation fund, is locked for a fixed period. For the presale, it is scheduled to happen on the 21st of March, 2021.

Utilization of the ETNA Tokens

The ETNA tokens are native to the financial platform. It has four central use cases, which includes Lending transactions, NFT Market transactions, BBT Marketplace, and Game Asset Value.

For the lending transactions, the ETNA tokens can be used to submit the collateral and get interest-free loans. ETNA tokens will be the preferred currency in the NFT market and required to gain its membership.

Since the marketplace works on a hybrid model, the brokers need to become a member for facilitating the transactions. The membership fee has to be paid in ETNA tokens. The last use case of ETNA is with reference to the Game Asset valuation, where the token is used as a store of value for buying the game-related assets.
OxBull's Role in the Partnership

Oxbull is an incubator helping platforms like ETNA gain awareness, attention, customer base, and market.

About ETNA

ETNA's reward-generation features and functions lets the users engage with the platform in multiple ways. The users can get a loan based on some collateral from the lenders who are also present on the same platform.

For more information on this project follow the link below:

Website: https://etna.network
Whitepaper : https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram: https://t.me/EtnaNetwork
Medium : https://etnanetwork.medium.com
Discord : https://discord.com/invite/dbuEXdm
Github : https://github.com/etna-network

Author:

Bitcointalk Username : shisio66
BTT profile: https://bitcointalk.org/index.php?action=profile;u=2750123
BEP-20 Wallet Address: 0x42D78e7127F6E446f2e86B634e0Fa98eBAA7bD2c