WHAT IS ETNA NETWORK?

in #etna3 years ago

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Introduction

Cyclops Finance is a blockchain company that started out as a hybrid gaming ecosystem with plans to integrate in-game NFT assets into a decentralized borrowing and lending platform. Enabling a seamless integration of finance and gaming on the Ethereum Protocol.

In the Greek Mythology, Cyclops made their home on Mount Etna, hence the name was a perfect fit for Cyclops Finance’s migration onto BSC. Etna hopes to make it intuitive and easy for users to get onboard easily while simplifying platform use without having to own multiple wallets.

ETNA brings a new way of facilitating a gaming ecosystem leveraging the NFT assets and conventional games onto the blockchain platform. As a DeFi project amalgamating the functions of yield farming and NFTs, Etna now ventures into Lending and borrowing via cryptocurrency networks.
The trading platform that also includes lending and borrowing sequences is named ETNA. This dedicated platform runs on the tenets of the Binance Smart Chain and aims to support the adoption of the DeFi technologies. ETNA's adoption of the DeFi technology is done to deliver customer-centric solutions.
Lending and Borrowing on ETNA is programmed to be simpler and supports a larger extent of use cases. On ETNA, the users can secure a loan against NFTs as a collateral. So, any NFT owner can provide their NFT to the lenders and get a loan. For users staking the native ETNA tokens as collateral for the loans, no interest rates are charged.
When it comes to the DeFi-oriented aspects of the platform, users can now lend and borrow, transact in the marketplace, and engage in regular contests to earn rewards.

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ETNA have been working closely with highly experienced blockchain developer and team members. Key members of the team include:

• Development Lead and Consultant: Working with professional blockchain developer.
• Architecture and Scalability Optimization Engineer: Working with experience Architecture Engineer.
• Co-Founder and CEO: With a Masters degree in applied mathematics and a background in engineering.

Trade NFTs across multiple marketplaces, taking advantage of multi-currency support, bidding, bundling, and other digital trading features.
Establish a common standard of transfer, ownership, and access control for all non-fungible tokens traded on your NFT marketplace.
Enable users to keep tokens as collateral for liquid money or instant cash. As your marketplace grows, the audience itself will ensure the necessary liquidity.

Restrict the amount of work to be converted into NFTs with smart contracts. Automated immutable rules will enforce properties on individual tokens to make them truly unique.
Build a decentralized marketplace on a public or your own private blockchain, where creators could transform their assets into non-fungible tokens, collect, and exchange these free of intermediaries and in absolute transparency.

Tokenomics

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Team’s allocation is locked for 2 years, 5% emission quarterly after 2 years
Partnership and development fund is locked up. Max. of 10% can be emitted at a time and on community vote
Foundation allocation is locked. Committee is set and community votes for any unlock
Remaining Pre-sale tokens to be burnt in the event where Soft Cap is not met. Listing will continue to be done, but a a

lower Market Cap Value.

ETNA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ETNA.

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Official links for more details:

Website: https://www.etna.network/
Whitepaper: https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram group: https://t.me/EtnaNetwork
Telegram channel: https://t.me/EtnaChannel
Discord: https://discord.com/invite/dbuEXdm
Youtube: https://www.youtube.com/channel/UCgkP_qjdYSZ8iesrz5kK0YQ

Author

Forum Username: joetex
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2743873
BSC Wallet Address: 0xbCC05CCd4c0c03fD16CF5B4b7fb70688533D0008