ETNA NETWORK: Hybrid NFT/gamified ecosystem with integration that includes lending/borrowing.
INTRODUCTION
The Defi space has experienced amazing growth in recent years with a lot of fresh methodologies that keep on rolling out every time, which allows everyone to leverage the blockchain in infinite ways. Defi has revolved conventional finance and made it three-dimensional. Blockchain itself is a galaxy of products like NFT’s, Crypto, Defi and there is ample space here for everybody. Anybody with an Internet-enabled Mobile phone, tablet or laptop?can easily access the blockchain and get into the crypto space.
Permit me to expose you to one such space, Etna Network, etna network is all things de-fi and more. The new features that a user can experience are Lending and Borrowing.
WHAT IS ETNA NETWORK?
ETNA Network (ETNA) is a first-of-its-kind hybrid DeFI-nature project on Binance Smart Chain (BSC) that is designed to simplify decentralized applications (Dapp) for masses that are being discouraged because of the complexities in Defi. ETNA as a DeFi project amalgamating the functions of yield farming and NFTs, Etna newly ventures into Trading, lending and borrowing via cryptocurrency networks. The platform will be a one-stop-shop for all things DeFi, NFTs, and gaming blended with User-centered fresh technologies and products to effectively revolutionize the crypto world and help in the speed and instant adoption. ETNA will offer a fresh means of facilitating a gaming ecosystem leveraging the NFT assets and traditional games onto one whole blockchain platform. ETNA is the utility token on Binance smart Chain (BSC) that governs the platform and empowers its user. ETNA adopted Binance Smart Chain (BSC) network to deliver cost-efficient and user-friendly Defi products to the platform users.?
You can view the video clip below to have more insight into the project.
WHAT IS DEFI AND HOW ETNA NETWORK WORKS
What is Decentralized Finance (DeFi)
Decentralized finance is a spiraling part of the crypto industry, and people know it as DeFi. The scope of DeFi is bigger than crypto’s coverage. This system uses a decentralized technology?eliminating the use of traditional banks and brokerages such as financial services or products. DeFi becomes the financial institution without a need for a middleman or intermediaries.
How ETNA Network Works Based On Features
ETNA Network will provide the best integration of the two largest DeFi type applications to the Binance Smart Chain network. (Lending & Borrowing and Hybrid Marketplace)
Lending and Borrowing
ETNA is the first platform that supports the use of Whitelisted NFTs as collateral, The platform will provide a lending and borrowing feature which houses DeBank. The platform users can quickly get a loan against NFTs as collateral. Therefore, any NFT owner can deposit their NFT to the lenders and easily secure a loan. For users staking the native ETNA tokens as collateral for the loans with zero interest rates charges using Debank Dapp.
Go to https://debank-lb.etna.network/ > Connect Metamask wallet
Here, users can deposit assets via their wallet assets available here: BNB, ETNA, USDT & DAI, and earn 10.19 %, 15%, 18.25 & 18.14% APY, respectively.
They can also borrow assets by switching on to the borrowed tab.
Here users can use any of the deposited funds as collateral and can get credit in BNB, USDT, DAI, ETH, BTCB, BUSD & ETNA > Connect Metamask wallet
Hybrid Crypto marketplace
There’s?also a hybrid crypto marketplace that is an integration of the traditional liquidity DEX protocol and a Broker-Buyer type trading system. The marketplace is easy to use and also known as a Hephaestus workshop. The Hybrid Marketplace has connected passages and can be used to trade products. These multiple gateways will enable the users to transact in various cryptocurrencies. The payment gateways are built in a way that any user can easily make payments without having multiple payment wallets. ETNA chose BSC which uses a proof of stake consensus?mechanism, this makes transactions much faster with cost-effective gas fee.
Users can also switch on to the liquidity tab to provide liquidity in pairs
The available pools here are ETNA-BNB, ETNA-BUSD, ETNA-ETH & ETNA- BTC, and get returns weekly or monthly.
> NFT Factory/Shop
As NFTs turning digital arts and a lot more into profit, ETNA will provide an all-encompassing NFTs marketplace that will be used for trading of Game assets and NFT. this strategy will bring collectors, creators and investors to a spot. In addition, the ETNA team is planning to create a mobile wallet app?that will be cost-effective and be integrated into all major blockchains. This upgrade will potentially move ETNA up a notch as the features will significantly benefit its users across all boards.
Go to https://nft.etna.network/ > Connect Metamask wallet
Users can either buy NFT or can bid via auction. Users need to buy $ETNA tokens to participate in NFT buying or selling.
Below is the perfect view the NFTS marketplace will look
> HYBRID GAMING
Moving to the next revolutionary space, ETNA Network is also aiming to smartly transform the gaming world by implementing video games infused with cryptocurrency in the hybrid ecosystem, hence allowing them to play and earn. Now, your game assets will be?changed into cryptocurrency making it more exciting and clear, this is a real game-changer. This will also inspire game creators to upgrade their gameplay and interactions. Conventional game assets can subsequently be digitized, and players from around the world can compete virtually in a plethora of tournaments.
领英推荐
ETNA MOBILE WALLET/APP
ETNA Mobile Wallet is a fresh interfaced and highly secure multi-chain blockchain wallet just like Trust wallet that is easily downloaded on Google Playstore and Apple store. The wallet will also support all the features of ETNA. I.e, DeBank (lend and borrow) will be accessible within the wallet and use for many purposes such as saving and transaction of assets. The wallet as a Binance Smart Chain (BSC) based will also interoperate with other chains. The transaction cost or gas fee will be very cheap to nothing.
ETNA TOKEN AND UTILITY
ETNA is a utility and governance token of the platform that will be used for investment and security purposes such as staking, reward, lending and so on. The below diagram spells out in detail the basic utility of ETNA token specifically.
TOKEN SALE
This is to put to announce to every investor that ETNA token is trading at a control price in the market for just $0.19 while reaching its high price of $0.9 a few months ago with speculation that it will definitely go higher soon due to the newly implemented and upcoming ETNA platform use cases. Definitely now is the perfect time to purchase the token. The token is currently listed on three big exchanges such as Cointiger exchange, Pancake swap exchange and MXC exchanges.
you can visit any of the exchange links below to purchase ETNA Token;
TOKENOMICS
MEET THE TEAM
ETNA team are well dedicated, resourceful team members who comprises of highly experienced blockchain developers, engineers and technical experts. ETNA team members are very transparent you can easily reach out to them on social media like LinkedIn and Telegram. Meet the Team Below:
ROADMAP
The roadmap below unveils the development plan of the ETNA ecosystem, which will run Through Q1-Q4 of 2021 and will extend to other years for development purposes.
Final Thoughts;
ETNA is a project with a well-needed use-case and a great potential to revolve the way investors connect with the crypto world through the power of Staking, borrowing & lending (The Debank Feature) coupled with fresh features .The fact that the $ETNA Token empowers its holder by giving them ability to use it for various purposes like staking and as a means of collateral without interest is a great concept by the platform. The Etna marketplace is second to none due to its hybrid nature which will help traders to make an exchange digital asset at ease while making decent gains.The great development plan of the project will also aid the the continuous expansion of the platform which can been seen clearly on roadmap. The team behind ETNA are well-organized and fun to hang around with on LinkedIn and telegram! The project is definitely a long-term hold and Investors should expect huge gains from it.?Never pass up this gem!
Helpful Links for $ETNA
??Website???Explorer???Whitepaper???Social Channel???Social Channel 2???Coinmarketcap ?DeBank: ?NFT Marketplace ? Telegram
Authors Details
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