Vena Network aims for STRONG Token Model

At present, CoinMarketCap.com is tracking over 2,000 cryptocurrencies. This is a massive figure, and it keeps growing.

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.


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.
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.

Essential Links

🌐 Website: http://vena.network/en

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

💻 Telegram: https://t.me/vena_network

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