VENA NETWORK - Open Protocol for Tokenzined Asset Financing

in #venanetwork5 years ago


How much do you pay for one exchange?

Most cryptocurrency traders use a variety of external exchange offices. It will be difficult for you to find a reliable exchanger, and it is impossible to find a licensed one, since no one has the right to issue licenses for crypto – currency exchangers. Vena, which is one of the main topics of this article, will be able to fix the situation in some way, but first we need to figure out what the problem is. To begin with, the exchange rate does not reflect the real exchange rate.

It is clear that each company takes a certain Commission for its services. Sometimes it is the declared Commission, and sometimes – hidden. This means that you can overpay for the exchange without even knowing it. Therefore, we need a simple and transparent mechanism that will allow exchange offices to earn money without deceiving end users. It sounds quite utopian, but Vena has a clear plan to implement this solution in practice.

In that case, why do we still have to overpay? Because there are no tools for direct interaction between users. Each exchange office has its own reserve, and it uses these funds. It turns out that you pay when you send money to the exchanger, and pay when you receive them from the exchanger. It's about the cost of the transaction, not the Commission, but the Commission you'll also have to pay.

Cryptocurrencies and Fiat money

Vena will not be limited exclusively to the cryptocurrency market, so it gives banks and other representatives of the traditional financial system the opportunity to interact with cryptocurrency assets. In any case, the interaction will take place with the help of smart contracts. Now you do not have to pay. Moreover, Vena token holders receive a 50% discount on fees for all transactions within the ecosystem, so they can save even more!

What's the point? Why does Vena strive to provide its users with such favorable conditions? Because the demand for such services is incredibly high. There are hundreds of people who want to exchange ERC-20 tokens for tokens created on the basis of the Bitcoin blockchain, without paying huge fees. Traders will start making real profits that are based on their skills and they will no longer need to lose a significant portion of the investment portfolio and spend time searching for the best exchange rate.

In addition, anyone who wants to access the cryptocurrency market will be able to do it quickly and safely. Vena here in order to combine ordinary banking cryptocurrency market. You no longer need dozens of different intermediaries, as Vena will contain an impressive database of smart contract templates suitable for any situation. They will be able to use even those who do not even have basic programming skills. These templates will give a new impetus to the development of cryptocurrencies and increase the volume of their application in the ordinary world. Want to know more about Vena? Visit vena.network!

Website: https://vena.network/
Whitepaper: http://whitepaper-en.vena.network/
Tokensale/ICO: https://vena.network/tz.html
Bitcointalk ANN/Bounty: https://bitcointalk.org/index.php?topic=5031375.0
Telegram: https://t.me/vena_network
Twitter: https://twitter.com/VenaProtocol
Facebook: https://www.facebook.com/venanetwork/
Medium: https://medium.com/@457597870

savench
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2396007;sa=summary
ETH Address: 0x7E6cc119019D0661467285b3AA8Aa5840C806e0C

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