VENA: implementing a fair, secured and trusted digital asset market on the blockchain.

Introduction
Studies made by a couple of prominent evaluation bodies pose it that global digital economy seats at a staggering figure of billions of US dollars. As quest for making payments for online goods and services increases by the day, so does the popularity of digital currencies increases along side.

Cryptocurrencies provides a better and more secure means of paying for digital services, considering the anonymosity, transparency and decentralised nature of transactions that blockchain offers.

Vena network
Vena network seeks to create a non-centralised digital asset market and exchange enterprise via the Vena protocol, which has two major categories:

The basic protocol layer: This layer mainly includes registration, configuration, routing, and management of upper layer financial assets.

Asset protocol layer: This is based on assets, completes user-defined financial businesses through the implementation of the terms contract interfaces

The problem
Of the thousands of cryptocurrencies held freely throughout the world, there are still certain issues arising from the high transaction fees arising from crypto to FIAT conversion. The high transaction fees in converting crypto to FIAT and vice versa has led to the depopulation of crytpo space, not to talk about the fact that most centralised trading platforms responsible for such conversion run without a legal license, putting investors at risk and fear of being manipulated and short changed.

The Vena solution
Vena implements a system where all transactions are executed by the smart contract, and are free from human manipulation, thereby kicking against fraud. Transactions carried out on the Vena network are usually cost effective, efficient and free of incredulous financial mediators.

The Vena network has various effective tools that sees to the that provides advantages as such cost compensation for every transaction done on the platform. How all these will be done were clearly outlined on the website. Check here for more info: http://vena.network/en

Vena's unprecedented technique of regulating price, minimising interest, providing liquidation and protection

The Vena node do not usually pokenose in transaction prices, but they do fair and decent transaction suggestion to both parties, and transaction would only proceed as soon as both parties consent.

They can't determine the interest rate as well, but it's equally determined through a similar mechanism outlined for determining transaction prices.

The Vena node also helps both parties to manage the risk involved in their transactions by helping suggest the kind of tokens that can be used for collateral and the liquidation limit.

The Vena tokens
The total supply of the coin is fixed at 1 billion which will be distributed as follows:

Team and advisors: 15%
Token sale: 30%
Bounty pool: 15%
Vena foundation: 30%

A more detailed breakdown on how the token distribution would be done can be found on the website: http://vena.network/en

Team Members
C.E.O: Ching Zhu. He is an excellent performing honours student from UESTC and is also the founder of chainboard technology.

C.T.O: Jeremy Lan. A blockchain engineer, co-founder and CTO of hardrole.

Operation director: May Du. A richly experienced entrepreneur, who hold a post graduate degree of finance from Nanyang technological university, China.

C.S.O: Yuanfei Zhu. A top student recommended for admission to Shanghai jioa Tong University as a top student, majoring in computer sciences. He later went on to found moregg during his suspension of school.

Business director: Zed Zhao. A graduate of UESTC, a former project manager at UETC, saw to the creation of encrypted platform and cyber security system for armed police.

Product director: Zoki wang. A graduate of UESTC, who is very rich in knowledge about the internet industry, having previously worked for reputable internet companies.

Overseas market manager: Amira Zhou. A practitioner with years of experience in business negotiation and project management.

Conclusion
There is a huge and promising prospect for this project, judging by the fairness, stability and security it brings to individuals that seek to convert their cryto currencies for other crypto currencies or even FIAT. The minimisation of risks for both parties involved in any such transaction on the platform is also an added advantage that would in no small way revitalise the entire crypto ecosystem and help to Foster trust and transparency.

Useful links:
Website:http://vena.network/en
Twitter:https://twitter.com/VenaProtocol
Facebook:https://www.facebook.com/Vena-Network-207271413455484/
Telegram:https://t.me/vena_network
GitHub:https://github.com/venanetwork
My Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=2433135;sa=account
ETH address: 0x55098822a4cf287aE4b31D9572bA55bFC9a45c00