Vena Network
Vena Network - Open protocol to implement asset and token exchange financing
We can build networks and digital exchanges, where people can communicate with P2P financial systems and over the counter transactions at any time and in any place, the possibility of exchanging currencies and coins.
Application of multi-chain asset transactions and cross chains
The distributed jury network serves as the main transaction protection mechanism
Vena nodes can take advantage of transaction costs by building nodes based on the
Vena 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, the security of the transaction is guaranteed by the protocol
Use the Aragón software to perform a decentralized management
Vena node network
The main function of Vena network node is to promote liquidity Vena network, Vena node can use Vena SDK to customize and offer users comprehensive transaction services include but not limited to loans, asset transactions, credit evaluation, contracts of plug-in contract, etc., and get a benefit by collecting fees.
Qualification
Certificates Vena nodos must have qualifications and experience in micro credit operations and comply with the laws, regulations and policies in which they operate.
Ensure that
Certified Vena nodes will deposit the VENA tokens as collateral based on a certain percentage in the Vena Foundation.
Highly liquid certified Veta nodes
they can place orders in a shared liquidity group, the Vena nodes can share orders and obtain costs by promoting transactions and increasing the liquidity transactions of the network with economic incentives from the distribution of profits.
Security
The digital assets of the users are stored in their wallets or blocked in a smart contract. Vena nodes do not have digital user assets, thus avoiding the moral hazards of the escape platform. At the same time, it also greatly reduces the security costs necessary to deposit assets for the nodes.
Uri Jury application
To join the Vena Network Jury, it is necessary to first submit a request to Vena DAO and provide proof of identity. After the approval of the application, it is necessary to participate in the online training and evaluation of the Vena jury.
➔ Arbitration
The complete arbitration software runs on the infrastructure built by Ethereum and IPFS. Through a simple user interface, judges can easily receive evidence submitted by both parties and carry out arbitration
➔ Economic incentives and Deposit Guarantee
To motivate the judges in order to use the power of the jury correctly, the judges deposit a VENA token in Vena DAO
➔ Output mechanism mechanism
You will start when circumstances occur during the term of the contract as follows: A. The volunteer spokesperson for the exit B. You have a fine of more than 5 times during the period of the contract C. DAO Committee Vena determines that the jury has a clear mistake. (as a conspiracy to commit fraud)
Network judge
The jury network applies to situations where smart contracts can not be handled and will present the results to a smart contract.
Plan of distribution of tokens
The total number of VENA token emissions is one billion. And electronic keys for the team, private sales advisors, crowdfunding sales, foundation, and an incentive to be distributed by intelligent contract as follows:
➽ Team and Advisor: accounts of this section to obtain 15% of the total number of VENA cards issued, will be distributed fourth part immediately after the issuance of the tokens; 3/4 of the remaining part will be blocked for up to one year, and after the one year blocking period, the tokens will be distributed as follows: 1) VENA advisory token is distributed immediately; 2) 1/4 signal of the equipment will be distributed immediately and the rest is distributed gradually over a period of 12 months.
➽ Personal sales: Personal sales The VENA cards will be distributed in two ways: 1) The parts of the cards that are not included in the blocking plan will be distributed to the participant's wallet within 2 days before the recording in exchange ; 2) Part of the card included in the blocking plan will be blocked in a smart contract after the inclusion in exchange, which will be opened and distributed to the participant's wallet in stages according to the established rules. Public sales of
Publik: after the public sale, this section will be distributed to the participant's wallet within 2 days before appearing on the list.
➽ Foundation: this section will be carried out through an intelligent contract and will be opened every month in two years. The use of funds that are not blocked will be subject to the DAO Vena agreement with the disclosure of details when they are used.
➽ Bounty Pool: every year, the community team and the developer will receive a permanent 1% stake for 10 consecutive years; The remaining 5% will be used for the introduction of important resources, including, among others, talent, strategic partners, etc.
➽ Reservations: funds can be raised from the reserve through the DAO when the team does not have sufficient funds or the requested part can be transferred to the foundation's funding fund to promote the development of the ecosystem.
For more information about vein networks, visit below:
Website: http://vena.network/en
Telegram: https://t.me/vena_network
Twitter: https://twitter.com/VenaProtocol
Author of Details
Username Bitcointalk: Justilankov
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2432188;sa=summary
ETH Address: 0xf6342d45fd8CF510721BB0d4fd7aD9Abd2f9c607
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