We Can build a decentralized digital asset financing and exchange network, in which everyone can process P2P cryptocurrency collateral lending and OTC trading anytime and anywhere, enabling free exchange between cryptocurrency and fiat currency.
Multi-chain deployment & cross-chain asset transactions
Distributed jury network works as the main transaction protection mechanism
Vena nodes can profit from transaction fees by establishing nodes based on the Vena protocol
To be applied to fiat-to-cryptocurrency (ETH, BTC, etc.) loan and transactions
The two parties of the transaction need not rely on a third-party trustworthy intermediary, the security of the transaction is guaranteed by the protocol
Use Aragon software to realize decentralized management
Certified Vena Nodes need to have qualification as well as experience in micro-loan operation and abide by the laws, regulations, and policies of the place where they operate
Certified Vena nodes shall deposit VENA Token as a guarantee according to a certain percentage in the Vena Foundation
Certified Vena nodes can put orders into shared liquidity pool, Vena nodes can share orders and earn fees by promoting transactions, and improve liquidity of transaction network by economic incentive of profit sharing
Digital assets of users are kept in their wallets or locked in smart contract. Vena nodes do not hold digital assets of users, thus avoiding the moral hazard of platform running away. At the same time, it also greatly reduces the cost of safety required for asset deposit for nodes
To join the Jury of Vena Network, it is needed to firstly submit an application to Vena DAO and provide proof of identity. After the application is approved, it is needed to participate in the online training and assessment of the Vena Jury
The full set of arbitration software runs on the infrastructure built by Ethereum and IPFS. Through a simple user interface, the jurors can easily receive the evidence submitted by both parties and arbitrate
In order to motivate the jurors to exercise the jury power properly, the jurors shall deposit a certain amount of VENA Token in Vena DAO
An exit mechanism will be initiated when the circumstances occur during the contract term as follows: A. Jurors volunteer to exit B. Get fined more than 5 times during the contract term C. Vena DAO Committee determines that the juror has obvious misconduct (such as conspiracy to commit fraud)
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.
1. Release the official exchange beta version
2. Conduct targeted financing and lending business based on the
official beta exchange
3. Open to application for Vena Nodes
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 Vena Node introduction
1. Vena 1.1 release
2. Fully develop the ecosystem, start the city partner program, and
introduce 20+ Vena Nodes
1. Vena 2.0 release
2. Accelerate the expansion of global business, Introduce 50+ Vena
Nodes
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