ETNA Network is the most underappreciated lending/borrowing initiative on the Bitcoin Supercomputer (BSC)

block.chain22 (7)in #etnanetwork • 3 years ago

Digital currencies are gaining a lot of traction far faster than expected. The cryptocurrency industry has fundamentally grown and expanded. Decentralized money, sometimes known as DeFi, is a rapidly growing segment of the digital currency market. Another aspect of decentralised money is NFT, which has gained a lot of traction in the previous year and has the potential to grow indefinitely since NFTs allow craftsmen, gamers, musicians, tattoo artists, and photographers to sell their own electronic items as Non Fungible Tokens or NFTs.

The absence of true ownership of in-game resources has long been a problem in the video gaming business. By 2023, the market will have surpassed $200 billion. This comes after players spent $87 billion in 2019 to purchase in-game materials that they do not appear to own. Although blockchain technology has enabled a few games to provide true accountability for gaming resources, the benefits of this new concept are still limited and have yet to have a significant impact on the industry. ETNA Network will propose new in-game resource ideas and utilities based on blockchain technology.

About ETNA Network

Cyclops Finance is a blockchain organization that began as a Hybrid gaming biological system with plans to coordinate in-game NFT resources into a Decentralized acquiring and loaning stage. Empowering a consistent reconciliation of money and gaming on the Ethereum Protocol.

Etna intends to make it natural and simple for clients to jump aboard effectively while working on-stage use without claiming various wallets. The mission is to make an across-the-board biological system, a solitary foundation of interconnected crypto-type advancements worked for both the accomplished and the unpracticed. ETNA Network is building advancements in DeFi, gaming, and NFTs. A concise outline of these innovations is as per the following :

ETNA Network Highlights - A Digital Asset Funding and Borrowing Platform where very few coins and tokens, but also NFTs, computerized terrains, and that's only the tip of the iceberg, may be used as insurance. Holders of significant NFTs would be capable of taking credit by using their NFTs as insurance, which is unquestionably a significant benefit.

— A DEX based on the Hybrid Liquidity Protocol, where clients will have access to a variety of advanced resources. Commerce in which the complication of transferring digital types of assets is a relic of the past. Clients with no experience will desire to swap easily with a unique Broker-Buyer-Type (BBT) exchanging mechanism.

- Gaming Innovations Ordinary games can be delivered and integrated with the blockchain on this gaming platform. I've done work for both game designers and game players. People can claim game resources and obtain sovereignty as a result of game renown by printing game resources on NFTs.

– Clients can buy and sell substantial NFTs on the spot in a dynamic NFT Marketplace. You can buy and sell NFTs just like you would with tokens or coins on a trade. ETNA can do this by using an NFT esteem lock-in system, in which the value of each NFT is compared to a percentage of the concealed money. It's an interesting subject because each NFT exchange dynamic is based on a mathematical value query bend. Holders will appreciate the increased value and the ease with which they can exchange it back.

— A cross-chain mechanism that deals with resource adaptation between blockchains. This is fantastic since it will make it easier to achieve true comprehensiveness in NFTs.

ETNA Ecosystem – DeBank: ETNA's lending/acquiring stage, DeBank, has been delivered to BSC. BNB, DAI, ETNA, BTC, USDT, BUSD, and ETH are the seven tokens/coins that it now supports for lending and purchasing. It also protects the stores of all ETNA NFTs, and customers will be able to withdraw credits using these NFTs. ETNA's DeBank also allows ETNA token holders to withdraw revenue-free credits on a regular basis. It's also the first of its kind in the crypto world. At this time, over 4,500,000 ETNA and 2000 NFTs have been saved. In addition, over $200,000 in interest-free advances have been obtained.

– ETNA Networks' NFT Marketplace: NFTs are gaming materials that will be sent in the upcoming game by ETNA Networks. There are currently around 30 NFTs trading on the ETNA Network commercial center, including gaming characters, weaponry, secret regions, animals, and others.

ETNA Token

ETNA is the local cash of the ENTA Network environment which is utilized for different Defi capacities like loaning, getting, NFT deal and buy, and for expenses.

Token Detail

Token Name: ETNA Network

Ticker: ETNA

Type: Binance Smart Chain

Full scale Supply: 100,000,000

Staking : 40,000,000

BBT Marketplace : 30,000,000

Resource Allocation

Presale : 10,000,000

Liquidity : 6,000,000

Team : 3,000,000 (locked for seemingly forever)

Improvement Fund : 5,000,000