Introduction

Ever since its tumultuous stint in 2018, the crypto market has been on the rise. Experts believe that this is due to the emergence of new and formidable financial applications that promise to change the way we access financial services. At the heart of this turnaround is the budding crypto lending sector currently pushing new paradigms in the DeFI and CeFI terrains.

Without any doubt, this sector’s success hinges on a flexible approach to lending and borrowing. Thanks to this system, the concept of creditworthiness is no more a core requirement in loaning processes. Likewise, the era of cumbersome loan applications has ended. With crypto collateralized loans, it is possible to access funds almost instantly. More importantly, the borrowing rates are unbelievably low, especially when compared to bank rates. These factors have propelled the crypto lending sector as a viable alternative to banks and traditional loan services..

Taking this context into consideration, let's see what role will automation play in the NFT lending space.

ETNA Lending and Borrowing Functions

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.

Comprehensive Market-Ready Functions

The marketplace proffered by the platform represents a mix of DEX trading and Broker-Buyer functions which is an improvement from the existing system with a similar approach. The marketplace, which is also called a Hephaestus workshop, works as a comprehensive marketplace.

The Hybrid Marketplace has integrated gateways and can be used to trade products. These multiple gateways will allow the users to transact in different cryptocurrencies. The payment gateways are built in a manner that any user can make payments without owning multiple payment wallets.

ETNA Tokenomics

The total supply of ETNA tokens is 100 million. The entire token supply is divided into various aspects that include staking, the marketplace, presale, liquidity, partnership, development fund, team, and foundational. The team allocation, partnership & development funds, plus the foundational allocation fund, is locked for a fixed period. For the presale, it is scheduled to happen on the 21st of March, 2021.

How to buy an ETNA token?

ETNA symbol comes through a skilled decentralized principle which usually works out relating to the BSC project — Pancake Trade.
Buy link: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x51f35073ff7cf54c9e86b7042e59a8cc9709fc46
Contract address to add to your wallet MetaMask, TrustWallet, etc
0x51f35073ff7cf54c9e86b7042e59a8cc9709fc46

Utilization of the ETNA Tokens

The ETNA tokens are native to the financial platform. It has four central use cases, which includes Lending transactions, NFT Market transactions, BBT Marketplace, and Game Asset Value.

For the lending transactions, the ETNA tokens can be used to submit the collateral and get interest-free loans. ETNA tokens will be the preferred currency in the NFT market and required to gain its membership.

Since the marketplace works on a hybrid model, the brokers need to become a member for facilitating the transactions. The membership fee has to be paid in ETNA tokens. The last use case of ETNA is with reference to the Game Asset valuation, where the token is used as a store of value for buying the game-related assets.

OxBull's Role in the Partnership

Oxbull is an incubator helping platforms like ETNA gain awareness, attention, customer base, and market.

About ETNA

ETNA's reward-generation features and functions lets the users engage with the platform in multiple ways. The users can get a loan based on some collateral from the lenders who are also present on the same platform.

By keeping the ETNA coins as collateral, the users can get interest-free loans and others can get lower-interest loans.

ACCURATE INFORMATION:

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: xilosft2.0
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2763334
BEP-20 Wallet Address: 0x612328C9fc4956EC5522f6078779EB19800Af48D