ETNA: A DEFI INNOVATION THAT ENCOURAGES LENDING TO CRYPTOCURRENCY USERS
Imagine a scenario where you are stranded, when you don’t have funds and there’s a platform on the Decentralized financial system where you can get loans or get lending services easily. Would it not be great? Where you get cryptocurrency loans to pay back later at subsidized interest rates.
That is exactly what the ETNA platform has come to do.
Follow me as I bring you further details of this awesome lending platform.
UNVEILING THE ETNA PLATFORM
This platform was created to focus on lending and borrowing funds to users on the ETNA platform. This platform stands as the first lending/loaning stage that encourages the use of Non-fungible tokens as collateral.
Here users can be granted loans when they stake their NFT as collateral. Yes its that simple,let me quickly give Quick history about the creation of the ETNA platform before I continue.
The name came from a Greek myth, Cyclops lives on Mount ETNA. Hence the name Cyclops was first adopted before it was changed to ETNA.
This is a decentralized financial system that is built on the blockchain system.
It was first conceived as a Hybrid gaming community that intends to infuse in-game NFT properties into a Defi borrowing and loaning stage. This single idea aims to make gaming and getting financial assistance easy and seamless on the Ethereum space.
This platform also intends to use its vast level of experience and infiltrate the BSC network thereby bringing decentralized financial goods/services into the BSC Binance Smart Chain including decentralized exchange tools too.
Focusing on ETNA on the BSC network space it intends to further develop technology that will support usage of Defi tools. This tool is based on the core principle of the ETNA platform which is creating a platform where users can have a friendly lending/loaning/borrowing Platform.
What will you see on the ETNA platform
LENDING PLATFORM:
Here customers are given a loaning and borrowing option.
It's is the first of its kind loaning platform that encourages customers to use
Non-fungible tokens as collateral.
It operates on a distinctive program that accepts NFT tokens.
Interestingly users can use any valuable or acceptable Non-fungible token as collateral.
NOTE : The most outstanding thing about this option is that it has an leveraging for interest reduction.
Secondly users can get loans with zero interest rates,for customers that use the local ETNA coins as collateral. How the ETNA platform intends to improve its exchange system in oder to keep this lending platform relevant
ADVANCED DEX(Decentralized exchange system) SYSTEM:
Automatic controlled liquidity pools programs.
Use of peer-to-peer transaction method
Fiat-cryptocurrency program combination.
Decentralized lending:
It accepts Non-fungible tokens as an acceptable collateral tool.
Options which encourage leveraging to cut-down interest fees.
Features where users can get loans and borrow up to 50% of digital assets.
WHAT SETS THIS PLATFORM APART
BBT MARKET:
Negotiator-buyer, membership tier program, and Proof of insurance program.
LENDING/LOANING PLATFORM:
Leveraging options, and Loans with no interest.
NON-FUNGIBLE MARKET:
NFT exchange-platform accepted currency, and NFT exchange-platform members program.
GAME PROPS VALUE:
Rewards and valuables evaluation, and Hoarding of games assets value.
BENEFITS OF USING ETNA PLATFORM
- For every stable coins deposited,18% APY will be achieved.
- Plus 50 ETNA in additional bonuses for every 500 Stable coins deposited.
This means if a user deposits 10000busd, the user gets 18%al APY in BUSD and 1000 ETNA in bonus monthly
3)Interest-free loans when collateral used is ETNA
4)When ETNA token are Deposited, user will earn up to 27% APY - Farm ETNA in our Liquidity-Earn feature and earn up to 50% APY plus bonuses
ETNA is already listed on pancakeswap!
TOKEN INFORMATION
NAME= ETNA
TOTAL AMOUNT: 100 000 000
WAGERING: 40 000 000
PRESALE: 10 000 000
BBT MARKET: 30 000 000
LIQUIDITY: 6 000 000
PARTNERSHIP:5 000 000
DEVELOPMENT = 5 000 000
TEAM: 3 000 000
FOUNDATION: 2 000 000
ALLOCATION
60% development to rebrand the system, get license to operate and finally build an all-in-one wallet.
40% growth to recruit creative individuals, on the ETNA team to help improve the system.
CONCLUSION
The ETNA platform is built on the core value of providing a lending platform where users can use NFT as collateral,at subsidized interest rates.
All you to do is join the ETNA platform
Visit these links for more information
Website: https://www.etna.network/
Debank: https://debank-lb.etna.network/
Whitepaper: https://www.etna.network/assets/ETNA.pdf
Telegram: https://t.me/EtnaNetwork
Twitter: https://twitter.com/EtnaNetwork
Medium: https://medium.com/@EtnaNetwork
WRITER INFORMATION
BTT ID: godraphael
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2238039;sa=summary
Proof of Authentication: https://bitcointalk.org/index.php?topic=5348731.msg57561814#msg57561814
BSC Wallet: 0xEfE9A69233Bac8862f98A58aa0b38f7C519E57E6