Vena Network

Vena Network

Created using Figma
Created using Figma
The Vena protocol is an open protocol based on block chains, a very general architecture that allows you to write contract terms that define rules for a series of distributed financing activities, including asset issuance, loans, transactions etc. . The Vena protocol aims to support the construction of interactive finance DApps quickly and conveniently reliably and the construction of various financial products such as trading contracts is.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • ABCC
    VENA/USDT 6 minutes ago
    $ 0.0023
    $ 5.071 K
    4.37%
    58.35%
  • ABCC
    VENA/TRX 6 minutes ago
    $ 0.0023
    $ 6.603 K
    12.83%
    103.45%
  • Lbank
    VENA/USDT 9 minutes ago
    $ 0.0028
    $ 9.216 K
    6.58%
    0.31%
  • CoinExchange.io
    VENA/ETH 25 days ago
    $ 0.0006
    -
    -
    -
  • CoinExchange.io
    VENA/BTC one month ago
    $ 0.0017
    -
    -
    -
  • ABCC
    VENA/ETH 3 months ago
    $ 0.0152
    $ 33.45
    -
    -
  • OKEx
    VENA/ETH 6 months ago
    $ 0.0109
    -
    -
    -
  • OKEx
    VENA/USDT 6 months ago
    $ 0.0080
    -
    -
    -
  • EtherFlyer
    VENA/ETH 6 months ago
    $ 0.0094
    -
    -
    -
ICO
Nov 5, 2018
Nov 15, 2018
100% completed
Raised funds - no Data
past
Jul, 2018
Aug, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
VENA
Accepted Currencies
ETH
Company Details
Registered Country
China
Additional Details
Whitelist
Yes ,
KYC
Yes
Categories
Cryptocurrency

About Vena Network

Vena Network aims to create a decentralized digital asset financing and exchange network through Vena Protocol. The Vena Protocol is divided into two layers: 1) Basic protocol layer, which mainly includes registration, configuration, routing, and management of upper layer financial businesses. 2) The asset protocol layer, based on assets, completes user-defined financial businesses through the implementation of the terms contract interfaces. For example, terms of pledge and repayment can be written into terms contract to make collateral loan; inheriting of ERC721 standard realizes value-added pledge for asset portfolio; establishing individual credit contract model and injecting on-chain and off-chain data to achieve open and transparent credit. In Vena Ecosystem, a closed-loop circulation from tokenized asset issuance to P2P lending or transactions is realized through blockchain. That is, after the digital assets issuance, directly P2P transactions through the Vena Protocol is available, or after digital assets are pledged, right of pledge is transferable and circulation of collaterals (only supporting Stable Coins) is available. All operations are controlled by smart contract codes and are free from human intervention to guard against fraud. Users joining Vena Network can benefit from the development of the cryptocurrency market, realize asset financing and exchange in a cost-effective, safe and efficient manner, while also can mitigate the risks associated with factors such as cryptocurrency price fluctuations and dishonest financial intermediaries.

Vena nodes are the key elements of Vena Network. Vena Protocol pre-sets two roles, appraiser and relayer. A Vena node can consist of either a single role or a combination of two roles, or can contain all kinds of service providers derived from market competition. In the pre-set roles, appraiser is a trustworthy order producer and appraiser of the default risk of the debtor in the business scenario of debt issuance, and relayer accelerates the process of all debt financing orders in Vena Network without need of trustworthy third parties. They can all be authentically appraised based on historical asset performance. Therefore, the market has a clear signal to appraise credit indicators involving any specific appraiser or relayer, and credit indicators include user's debt default risk index, transaction dispute rate and etc. Vena Protocol uses a mixed technology that we call "off-chain relay, on-chain settlement" to achieve a balance between efficiency and security in debt issuance and asset exchange. In this way, both the debt financing orders and trading orders with the encrypted signature are sent through the off-chain channel, and the potential counterparty can inject one or more orders into the corresponding smart contract, and then the contract is automatically completed following the established logic of the contract. Vena Protocol significantly reduces the friction costs of arbitrage dealers because transaction intentions can be sent off-chain, and the on-chain settlements only occur when the value is transferred. We expand Vena Network by opening up applications for Vena nodes, providing template contract trading market services, and designing the Vena Protocol which is uncoupled from applications.

Vena Network provides significant advantages for Vena nodes and users. Vena Protocol utilizes economic incentives such as cost compensation for various roles in different market competitions in Vena ecology to provide users with accurate market data, real credit data, and digital assets distribution, lending, trading and management services in a fair, transparent, secure manner with rich application scenarios. Each Vena Node represents an independent commercial organization which will gain profit from various financial services it provides. Our mission is to promote the healthy development of cryptocurrency communities.

Vena Network Roadmap

  • Q2 2018

  • 1. Official launch of white paper & Vena Network website.
    2. Proof of concept & launch development.
    3. Community building in countries including the United States of America、China、Canada、Australia、Russia、etc.
  • Q3 2018

  • 1. Launch DAICO / IEO.
    2. VENA Token is listed in exchange.
    3. Open to application for dealers.
  • Q4 2018

  • 1. Open source SDK of Vena Network is available in github.
    2. Pilot run of official exchange and operation simulation.
    3. Vena 1.0 release.
    4. First dealer introduction.
  • Q1 2019

  • 1. Vena 1.1 release.
    2. Fully develop the ecosystem, start the city partner program, and introduce 20+ dealers.
  • Read More
  • Q2 2019

  • 1. Vena 2.0 release.
    2. Accelerate the expansion of global business, Introduce 50+ dealers.

Activity

Posts:
129
MEDIUM
Followers:
4 834
MEDIUM
Likes:
4 823
MEDIUM
Rating:
5
VERY HIGH
Followers:
1 330
LOW
Tweets:
396
HIGH
30 Days Growth:
-40

Vena Network Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ching Zhu
CEO
unverified
Jeremy Lan
CTO
unverified
Yuanfei Zhu
COO
unverified
Amira Zhou
Overseas Market Operation
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Yanxi Gu
Advisor
unverified
Yang Zhao
Advisor
unverified
Yongchao Zhai
Advisor
unverified
Shawn Wang
Advisor
unverified

Vena Network Last News

$ 0.0024
2.35%
Coin Stats
Daily, %:
2.35%
Weekly, %:
-6.86%
Monthly, %:
-9.08%
Market Info
Market Cap:
Volume 24h:
$ 19.562 K
Circ. Supply:
0 VENA
Ticker:
VENA
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