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ETNA.Network combines a hybrid banking network, the first to support the use of NFT as collateral, and a hybrid liquidity protocol

Overview

Cryptocurrencies are gaining much more popularity faster than expected. The crypto industry has significantly grown and expanded. Decentralized finance, also known as DeFi, is a fast-growing sector of the cryptocurrency industry. Another aspect of Decentralized finance is NFT, gaining much popularity from last year and having the potential to grow to infinity as the NFT’s giving freedom to an artist, gamers, celebrities, tattoo artists, photographers to sell their own digital items as Non Fungible tokens also known as NFT’s.

The video gaming industry is still been trouble with the non-existence of true ownership when it comes to in-game assets. The Market Will Surpass $200 Billion by 2023. This is coming after $87 billion was spent in 2019 by gamers to purchase in-game assets of which they have no true ownership. Blockchain technology has enabled some games to introduce true ownership of in-game assets but the utilities for this new concept are still small and have no real impact on the industry. ETNA Network will be introducing new concepts and utilities for in-game assets using blockchain technology.

What is ETNA Network?

ETNA Network is a one-stop shop for all things DeFi, NFTs, and gaming. User-centered technologies that will revolutionize the crypto space and aid in the adoption. Cyclops Finance is a blockchain company that started out as a Hybrid gaming ecosystem with plans to integrate in-game NFT assets into a Decentralized borrowing and lending platform. Enabling a seamless integration of finance and gaming on the Ethereum Protocol.

In Greek Mythology, Cyclops made their home on Mount Etna, hence the Cyclops Finance’s name ETNA Network for migration onto BSC.

Aim of ETNA Network

Etna aims to make it intuitive and easy for users to get on board easily while simplifying platform use without having to own multiple wallets. The mission is to create an all-in-one ecosystem, a single platform of interconnected crypto-type technologies built for both the experienced and the inexperienced.

ETNA Network is building technologies in DeFi, gaming, and NFTs. A brief overview of these technologies is as follows:

Features of ETNA Network

DEFI — DeFi product is a combination of the two largest DeFi-type applications:

DeBank, the first lending/borrowing network to support the use of NFTs as collateral and also grants interest-free loans to ETNA holders.

The first hybrid liquidity protocol with Broker-Buyer Type (BBT) trading feature.

NFT Factory —

All-in-one marketplace and factory for Game Assets and NFTs.

ETNA powered, Value locked NFT marketplace, instant trading of game assets/NFTs with all assets value pegged on a price-demand curve.

Bringing Digital art creators and collectors together.

Gaming —

Hybrid gaming ecosystem for all enables the seamless integration of conventional games on the blockchain.

Conventional game assets digitization mechanism.

The Tournament, live global gaming events. Players from around the globe compete virtually and more

How Does it work?

ETNA’s DeFi product combines a hybrid banking network, the first to support the use of NFTs as collateral, and a hybrid liquidity protocol with enhanced user experience facilitated by our novel broker-buyer type trading feature. ETNA’s NFT Factory is an all-in-one marketplace and factory, it is the first NFT marketplace that facilitates spot trading of supported assets. The factory allows creators to easily mint digital assets and showcase them to collectors. ETNA’s gaming ecosystem is developed to bridge the gap between decentralized gaming applications and conventional ones. With our tech, developers of conventional games are able to deploy such games on the blockchain easily.

What is ETNA Token?

ETNA is the native currency of the ENTA Network ecosystem which is used for various Defi functions like lending, borrowing, NFT sale and purchase, and for fees.

Tokonomics

Token Name: ETNA Network

Token Ticker: ETNA

Network: Binance Smart Chain

Total Supply: 100,000,000

Staking 40,000,000

BBT Marketplace 30,000,000

Fund Allocation

Presale 10,000,000

Liquidity 6,000,000

Team 3,000,000 (locked for 2 years)

Development Fund 5,000,000

Partnership 5,000,000

Foundation 2,000,000

ETNA Token Utility

Lending Platform — Interest-free loans can be taken by Leveraging ETNA Tokens.

BBT Market — ETNA can be used as collateral as Proof of Insurance Mechanism

NFT Market Currency — NFT Marketplace preferred currency is ETNA used to buy and sell in-game assets and other NFT’s

Rewards — ETNA can be used as a Treasure and reward in the gaming section of the ETNA ecosystem.

ETNA’s Roadmap

Conclusion

In-game assets are NFTs that are stored on the Binance smart chain which gives players full ownership. Players will be able to use them as in-game assets to play the action-packed game, trade them on the secondary market, staked them on NFT reward pools, or use them as collateral to borrow other tokens.

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