In 2018, Vena Network and the entire blockchain industry experienced ups and downs, from bull market to bear market. The prosperous grand scene is already the pas. The entire industry is undergoing a transition from a rich fantasy to a touchstone.
Some people turned and left to find the next way to circle money; some people exhausted their wings and suddenly retired. Of course, some people are facing the cold winter, concentrating on research, and working hard . They determined to wait for the dawn of the future in the night.
Vena Network is such a night watchman. In the fierce changes, Vena Network has moved forward. When looking back, the past are both milestones in the past and the inspiration for the future.
The Team：step by step, working on TRON
When the Vena Network was first built, it was a matter of doing things and landing the scene as its goal and principle. Not rushing to issue tokens, repeatedly polishing white papers. First landing application scenarios, such attitudes have also been highly recognized by blockchain investment institutions. The 2 exchanges (KuCoin and Digifinex), LD Capital, and Consensus Labs, etc. became the 13 cornerstone investors of the Vena Network. They gave the Vena Network a solid step.
With the development of TRON, Vena Network discovered the potential of the TRON in time and actively participated in the construction of the TRON ecology. There is no doubt that 2018 is the “first year of the public chain.” TRON, as the top 10 public market capitalization, is attracting more and more developers. In the course of the cooperation between Vena Network and TRON, two products were online, including VenaBao, a wealth management product based on TRON, and VenaPi, the first entry of the TRON ecology.
VenaBao is a wealth management product developed by VENA team based on energy loan leasing for C-end users. Currently, it supports USDT and TRX financial solutions. At present, more than 5,000,000 TRX has been pledged through the VenaBao. VenaBao provides users with 7-day to 365-day loan products, and selects the well-known “Knownsec” to cooperate in the industry for digital asset security. 5% to 24% of annualized earnings are a solid asset value-adding solution for users.
As one of the biggest ecological entrances of TRON, VenaPi has achieved even more outstanding results. The actual transaction volume in three weeks has exceeded 40,000,000 TRX. More than ten DApp applications have been selected VenaPi for their first launch. In the various DApps that have been launched, there are wave field TRON head applications such as HashDice, which first supports VENA Token mining. The product has a flow of over 30,000,000 TRX for half a month. There are also several applications that are deeply bound to VenaPi, which has gradually been recognized by more developers.
The Token：from ICO to Exchanges
From November 5th to 15th, 2018, VENA Token’s ICO was opened as scheduled, and eventually reached the soft cap. After VenaPi was online, the TRON head application HashDice announced support for VENA Token for betting.
In order to meet the user’s demand for VENA Token’s liquidity, VENA Token landed on the Lbank exchange on January 14 . It landed on the ABCC exchange on January 25. Users are free to trade VENA Token on the two exchanges. After VENA Token landed on the ABCC exchange, it reached a 68% increase in a short period of time, demonstrating the advantages of VENA Token in all aspects.
2018 has passed, and it can be foreseen that 2019 will not be a calm year. The challenges and opportunities are at the same time, it will not become easier, but the Vena Network is ready to chase the blockchain world further away on the basis of the 2018.
In 2019, let us continue to work together and start the journey!