ETNA: THE ULTIMATE LENDING PLATFORM IN THE CRYPTO SECTOR

 INTRODUCTION

As the day goes by, innovations are being brought to the spotlight to enhance and make our life easier. Ranging from health care, communication, technology, improvement in the financial system.In the financial system, in the past it was all about the banks, we had to depend on the bank for financial activities, saving, and transacting through the banks, but the bank is centralized meaning it is controlled by the government. Government policies affect the bank's operation which in turn affects the bank customers.But today we have cryptocurrency. Cryptocurrency has become popular and acceptable in society as a means of transacting amongst different parties.The Decentralized Finance (DeFi) system has helped the crypto sector growth surge as a result of the crypto being decentralized and not being controlled by a particular body, and being a secured system

Today there are many cryptocurrencies that people can own (hold). But there's isn't a platform that carries out lending/borrowing of cryptocurrency and also performs trading activities on both the Etherum and Binance Smart Chain platforms. This can only be done through ETNA Lending Platform.

INTRODUCTION TO ETNA

ETNA is under the Cyclops finance blockchain company which the ecosystem integrates in-game NTF assets into Decentralized lending and borrowing platform on the Etherum protocol.

The DeFi type of output ETNA offers will be extended to the Binance Smart Chain, with the idea of reaching out to all crypto farmers and develop new technologies and improve in existing technologies to create adaptable trading and lending, and borrowing platform.

FEATURES OF ETNA

Conglomerates Marketplace

ENTA offers its users unrestricted access to trade on all available cryptocurrencies using the Broker buyer type exchanging process. Through this, exchange products and remittance access interspersed enables ETNA users to perform trading with no need to own many cryptocurrency wallets

Borrowing And Lending

ETNA presents its users the avenue to borrowing and lending using NTF as security for a loan, of which it's the first platform that gives its users such access. Also, there's less interest attracted to the lending, and no interest for lending is taken when ETNA token is used as the security for the lending.

Monthly Return On Assets

ETNA makes it possible for its users to have 18% annual percentage yield for every BUSD deposited. Also the user gets rewarded with ETNA tokens. For instance if a user deposits 100busd, the user receives 10 ETNA tokens monthly and 18% annual yield return on the deposited stable coin.

Also users can earn about 27% annual percentage yield of any amount of ETNA deposited by the user.

It doesn’t end on gaining returns on deposits, ETNA has made it possible for its users to earn 50% annual percentage yield and bonuses when the user uses the liquidity-Earn feature to farm ETNA.

BINANCE SMART CHAIN AND ETNA

Despite being operational on the Etherum protocol, and the steady increase in the usage of the ETNA token, the gas fee is high on the Etherum platform and tends to have slow confirmation which is some cons of the Etherum protocol.

Luckily, the Binance Smart Chain requires a low gas fee for transactions and its confirmation on a transaction is quick. This is an advantage to the ETNA users as well.

The Binance Smart Chain also provides a high level of security, meaning the ETNA users also get to benefit from it.

Using the Binance Smart Chain, many developments will be made to the ETNA token to make the users have a user-friendly experience and be satisfied with what is being offered to them.

ETNA TOKEN

There will be a maximum supply of 100,000,000 ETNA tokens

Out of the maximum supply, 40,000,000 tokens will be for staking

30,000,000 tokens will go towards BBT Marketplace

As part of future developments to improve the ETNA platform for its users, 5,000,000 tokens will be used for development funds

10,000,000 tokens will be for presale

The liquidity pool will have 6,000,000 tokens

Foundation will have 2,000,000 tokens.

It’s worth knowing that ETNA is already listed on pancakeswap.

ETNA PROJECTS

ETNA will facilitate yield aggregation for crypto farmers, with low or no interest fees.

Also, there will be a P2P platform for ease trading of all available cryptocurrencies in the crypto sector

ETNA will have its mobile app to facilitate easy access to the features of ETNA and Binance Smart Chain features also.

SUMMARY

ETNA is a platform that stands out amongst others and intends to get the best of out the DeFi ecosystem to suit every crypto holder and farmer and to facilitate a user-friendly experience at every point in time.

ETNA lending platform website link

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Writer’s information

Bitcointalk Username: Jenakaylin
Bitcointalk proflile :   https://bitcointalk.org/index.php?action=profile;u=2760922
telegram : @Alida32
wallet : 0xa2043b465c74Dea471a0D080D4aC35f0ECFCEC76