in (VENA) transaction security is guaranteed by the protocol

in #steemit6 years ago (edited)

"Vena Network", Implementation of multi-chain and cross-chain asset transactions, and we can also build networks and digital exchanges, where people can communicate with the P2P financial system and free transactions at any time and anywhere, possibly currency and coin exchange.

Distributed jury networks serve as the main transaction protection mechanism
Veins nodes can take advantage of transaction costs by building nodes based on

Vein protocol

To be applied to loans and transactions from trust to cryptocurrency (ETH, BTC, etc.)
Both parties to the transaction do not need to trust trusted third-party intermediaries, transaction security is guaranteed by the protocol
Use the Aragón software to do decentralized management

Vena node network

The main function of the Vena network node is to promote Vena liquidity networks, Vena nodes can use Vena SDK to adjust and offer users comprehensive transaction services including but not limited to loans, asset transactions, credit evaluations, contract plug-in contracts, etc. , and get benefits by collecting fees.

Qualification

Nodic vena certificates must have qualifications and experience in microcredit operations and compliance with laws and regulations and the policies they operate.
Ensure that
Certified vena knots will store VENA tokens as collateral depending on a certain percentage in the Vena Foundation.
Certified Vena Nodes are very fluid
They can place orders in joint liquidity groups, Vena Node can share orders and get fees to promote transactions and increase network liquidity with economic incentives from profit distribution.

Security

User digital assets are stored in their wallets or blocked in smart contracts. The vena node has no digital user assets, thus avoiding the moral danger of the escape platform. At the same time, it also reduces asset costs for nodes.

Jury application

To join the Vena Network Jury, first need to submit a request to change the DAO and provide proof of identity. After approval of the application, it is necessary to participate in the jury's training and evaluation.
➔ Arbitration
Complete arbitration software runs on infrastructure built by Ethereum and IPFS. Through a simple user interface, judges can easily receive evidence submitted by both parties and arbitrate
➔ Economic incentives and Savings Guarantee
To motivate the judges to use the power of the righteous, the judges deposited the VENA sign on Vena DAO
➔ Mechanism of the output mechanism

You will start when you have a spokesperson for volunteers to exit B. You have a fine of more than 5 times during the period C. Vena DAO committee determines that the jury has a clear error. (as a conspiracy to commit fraud)

Network judge

The jury network applies to situations where smart contracts cannot be handled and will present the results to a smart contract.

Plan token distribution

The total emission of VENA tokens is one billion. And electronic keys for teams, personal sales advisors, sales of crowdfunding, foundations, and incentives to be distributed by smart contracts as follows:

➽ Team and Advisor: account for this section to get 15% of the total number of VENA cards issued, will be distributed fourth part immediately after the issuance of the token; 3/4 of the remaining part will be blocked for up to one year, and after a one-year blocking period, the tokens will be distributed as follows: 1) VENA advice tokens are distributed immediately; 2) 1/4 of the equipment signal will be distributed immediately and the remainder distributed gradually over 12 months.
➽ Private sales: Personal sales of VENA Cards will be distributed in two ways: 1) Parts of the card not included in the blocking plan will be distributed to participants' wallets within 2 days before recording in exchange; 2) The part of the card entered in the blocking plan will be blocked in the smart contract after being entered in an exchange, which will be opened and distributed to the participant's wallet in stages according to the rules set. Public sales
Public: after public sales, this section will be distributed to participants' wallets within 2 days before appearing on the list.
➽ Foundation: this section will be carried out through smart contracts and will be opened every month in two years. Use of non-blocked funds will be subject to the Vena DAO agreement with detailed disclosure when used.
➽ Bounty Pool: every year, community teams and developers will receive 1% of their permanent shares for 10 consecutive years; The remaining 5% will be used for the introduction of important resources, including, among others, talents, strategic partners, etc.
➽ Reservations: funds can be raised from reserves through DAO when the team does not have sufficient funds or the requested part can be transferred to the foundation funding fund to promote ecosystem development.

ROADMAP

CORE TEAM & ADVISORS (VENA)

More information about vena, please visit below:

Website: http://vena.network/en
Report: https://bitcointalk.org/index.php?topic=5031375.0
Telegram: https://t.me/vena_network
Twitter: https://twitter.com/VenaProtocol
Facebook: https://www.facebook.com/Vena-Network-207271413455484/

Username : ***************(angin badai)******************
BTT URL:
https://bitcointalk.org/index.php?action=profile;u=1410402
WALLET ETH:
0x6b47D5F8CfA73B43668aD6C12eFF00ad250725e6

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