What is ETNA Network (ETNA) | What is ETNA Network token | What is ETNA token
In this article, we’ll discuss information about the ETNA Network project and ETNA token. Let’s go!
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 is a Decentralized Lending system that allows users to lend, borrow with ease whilst combining it with a Broker-buyer type marketplace.
Etna’s lending feature allow users to take out collateralized loans at fix interest rates or variable interest rates. Leveraging on ETNA Tokens, users would further be able to fully or partially cancel out interest fees on any active loans. That means, ZERO INTEREST Loans are no longer a dream.
Lending/borrowing feature also allows the use of whitelisted NFTs as collateral for loans.(Feature to be developed in the future)
WHY ETNA?
OUR TECH
Our DeFi technology is a combination of the two largest DeFi-type applications, these application are as follows:
• Lending and borrowing: ETNA offer users a lending and borrowing feature.
• A hybrid crypto marketplace: A combination of the conventional liquidity DEX protocol and a Broker-Buyer type trading mechanism.
OUR PEOPLE
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.
Etna’s Aim and Approach
Cyclops Finance is currently running on the Ethereum Protocol. However, with High gas fees and slow confirmation times raining on the parade, a venture into the cost-effective and high speed BSC seemed like a no-brainer.
With Oxbull.Tech’s assistance, Etna now aims to raise 3,000 BNB (Soft cap 1,000 BNB) worth of funding to aid in staff expansion as well as development in the areas of:
- Platform Rebranding
- Crypto License application
- Integration of payment gateway
- Development of the Broker-Buyer marketplace Hybrid model
- Development of an all-in-one Mobile app/wallet
Tokenomics
- 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’s Current Roadmap Q1 sees the following:
- Token Presale, and migration to BSC
- Listing on DEXs and CEXs
- Deployment of Lending and Borrowing platform on BSC
- Integration of Liquidity-Earn Yield Farming feature
- Leveraging Feature for interest fee reduction/cancellation
- Platform rebranding
- Partnership and Expansion
Source : https://www.youtube.com/watch?v=T1Xb6aY1yHE
Would you like to earn TOKEN right now! ☞ CLICK HERE
How and Where to Buy ETNA Network (ETNA)?
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
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since ETNA is an altcoin we need to transfer our coins to an exchange that ETNA can be traded. Below is a list of exchanges that offers to trade ETNA in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ETNA from the exchange: PancakeSwap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ETNA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information ETNA
☞ Website ☞ Explorer ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Wallet address:
BTC: 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c
USDT: 0xfee027e0acfa386809eca0276dab286900d75ad7
DOGE: DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ
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#bitcoin #crypto #etna #etna network
