ISO VENA Network

 ICOs have, collectively, allowed entrepreneurial teams to raise  billions of dollars this year. While a lot of money has poured into  tokens, it’s becoming aware that many projects had developed weak token  metric and utilities and thus their tokens failed to maintain ever their  ICO price. 

 Initial coin offerings are still a novel form of fundraising  and so it is understandably difficult to attain a perfect token economy.  However, there are a number of projects that have developed a token  utility model that successfully aligns with the success of the project. A new blockchain project, Vena Network, is standing on the shoulders  of giants to develop a token model that incorporates some of the best  features available in the market. It aims to place a token utility that  adopts the best features of the successful tokens so far. 

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First off, What is Vena Network?

Vena Network is a project developing an ecosystem in which the financial  interactions (and trades) can be decentralized, while sustaining the  degree of security needed to ensure funds are safe. 

 Vena Network utilizes Vena Nodes that can issue loans. Anyone  who has the knowledge to successfully hold the role can attain this role  if he or she (or it) stakes VENA tokens. As loans can be a complicated  system and can sometimes fall into a gray zone, Vena Network will  utilize a Jury Network, members of which would also need to stake  tokens. The staking of VENA tokens is what brings security to the platform as  it ensures the decision makers are not just platform users, but are  also token holders whose best interest aligns with the success of the  platform. Thus, the VENA token plays an essential role in the platform. 

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A Sustainable Token Utility

VENA tokens do not play a transient role as they are not there just  for an expense, though that is a part of their purpose. Vena Nodes and  members of the Jury Network will be paid for their services via VENA  tokens. As the platform evolves and attracts a greater userbase, the  transactional flow of these tokens will grow. 

 However, a mere transactional flow has proven to not be a  strong enough cause of building a long-lasting token value. Staking, on  the other hand, has shown be a good means of developing sustainable  token utility and value. As more individuals desire to participate in a  p2p lending system as a Vena Node, more tokens will be constantly needed  to fulfill the staking demands. This ensures that there’s a consistent  demand to ensure token circulating supply is lowered. The combination of transactional demand and the utilization of the  VENA nodes in nodes provides a compound effect on the token’s dwindling  circulating supply. This is the key feature to developing a token model  that aligns with the platform’s success. 

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Links 

 Website: http://vena.network/en 

 Whitepaper: http://whitepaper-en.vena.network/ 

 Telegram: https://t.me/vena_network 

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