Vena Network - OTC Trading & Cryptocurrency Market

WHAT IS VENA?


This is a purely dex platform that has branded itself so well to be able to handle the exchange activities in the blockbuster tech its protocol is opened to effective financing and assets swap between users. It functions so well by allowing users to have a P2P type of service. More than these, the system is so well adopted and suitable for the new type of OTC trading at any point in time for the users. Since many trading sites have been challenged with the inability to make perfect conversion of the fiduciary currencies to the crypto coins, this vena between has worked upon that and make sure this poses no issue to the customers that patronizes them. We all know now that any setup that doesn't give room for easy relationship with the real life world and activities, most especially the financial interaction of both worlds cannot be respected. Using vena makes users respected in the ledger system and it motivated them to further their investments without any risk or fear.
BASIC OBJECTIVIES OF VENA

• Vena hopes to create a system that will enhance money financing for the customers using a digital architectural protocol. The protocol will be used expressly in the ecosystem in its various classifications and layers which are as follows;
• The basic stratum which supports the verification, management, configuration, routing and proper registration of all the different types of businesses and organisations.
• It also consists of another layer of Vena protocol that is centred on various assets of the users. This protocol type guards the financial activities of the users and it does this successfully by using a term-contract interface for the operations in the ecosystem.
BELOW ARE SOME OF THE FUNCTIONAL FEATURES OF VENA
  • The Venous community is one important feature that mustn't be underestimated in vena. It is a very secure digital periphery for all the activities of vena and also serves as a meeting point for the users and the investors with common interest.

  • The vena nodes is another feature that function as a segment in the ecosystem. Each activities have their operations on each of the nodes assigned to them and helps to prevent confusion in the community.
  • Vena ecosystem allows all the holders of tokenized assets to have direct access to helpful loans and effective transactions in the peer to peer model in the ledger system. These types of transactions however, are regulated by the available protocols of vena that are in charge of this.

The cryptocurrency market cap is a bit over $200 billion and therefore the daily exchange volume is around $15 billion. However, the volume I'm stating is what’s reported by Coin Market Cap, which web site will solely state what its exchange genus Apis report. There’s tons of cryptocurrency trading that happen off the exchange, and this trading is named over-the-counter (OTC) trading.
Over-the-counter trading could be a most well-liked approach of trading for those that obtain to maneuver massive amounts of coins. shopping for or selling 1,000,000 dollars price of one coin will move exchange books by an outsized %, and that’s why massive orders are typically fulfilled by over-the-counter agencies. In some cases, some coins merely don’t have an ERC-20 token and use a native coin. This makes listings tough and their investors may need to wait massive periods of time before having the ability to trade on any exchange; over-the-counter trading is usually the sole way to move native coins that have simply been released.
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While over-the-counter trading is common within the cryptocurrency market, it isn’t something new developed with the increase of cryptocurrencies. Investment banks are notoriously known for a few suspicious activities in dark pools, which are a means to supply liquidity to purchasers while not fulfilling the orders on an exchange.
OTC trades serve an excellent purpose for each stock traders and coin traders, however, they place an unbalanced quantity of power with the middleman. Anyone concerned in an over-the-counter trade needs to alter a broker or agent and should trust the agent. There are several examples in cryptocurrency over-the-counter trading that show that an over-the-counter trader will simply get away with a person’s funds. Meanwhile, IB dark pools show that even major over-the-counter trading agents may be tough to trust as dark pool trading is usually seen to be slightly bent within the favour of the bank.
Blockchain will Handle over-the-counter Trades

With advancements in blockchain technology, smart contracts have become capable of handling tasks that wont to need humans; the nice part is that smart contracts don't need people’s trust to create a market.
VENA NETWORK
Vena Network is making untampered smart contracts which will be used to give monetary product and services. one amongst the simplest uses of the Network is going to be secure over-the-counter trades. instead of trusting a middleman, traders are going to be able to build or use a smart contract that handles the trade. each the buyer and therefore the seller can send funds to the smart contract instead of an agent. Then, once the smart contract has received funds from each side, it'll do the trade.

Smart contracts turn over-the-counter trades into an automatic method that doesn't need a middleman. If over-the-counter trades are handled by a smart contract, there's no concern of an agent running off with the funds, and there's nothing higher than peace of mind. The tallied benefits here are hyperbolic security and lower fees.
OTC trades, though, will cover various conditions then vena Network keeps its smart contracts untapered, permitting market participants to utilize them for a number of economic services and product. over-the-counter trading is one amongst the markets which will greatly get pleasure from vena Network’s provision of smart contract-powered over-the-counter trades.
Vena Network is over just smart contracts, though. A Jury will work to supply just choices to resolve disagreements. Some things would like the human bit and vena ensures these things can be handled by the Network. So, jury members, who should all stakes vena tokens, give the human touch required to resolve tough conflicts. This not solely provides vena Network with a practical operational functionality, however, it also permits the Network to own an honest client service as folks tend to like human engagement for resolution of conflicts.
TOKEN DETAIL
Token Name: Vena
Price of PreICO: 1 ETH = 15,000 VENA
The price: 1 ETH = 10,000 VENA
Platform: Ethereum
Receives: ETH
Hard Cap: 9,000 ETH
State: Singapore
Whitelist / KYC None
CONCLUSION
Vena allows node users to gain more benefits the same way the Venous users are enabled. Finally, it presents regular incentives for users in competitions and ensures the stability of the market and other digital assets management. It provides full transparency and is highly secured for the type of operations it does.
For more insight,click helinks below;
Author : Husen Alikhsan
Profile : https://bitcointalk.org/index.php?action=profile;u=2094826
ETH Wallet : 0xfc01881e3172f28585f397cf61bC06696DF8a152

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