Review on VENA by LUIS RIVERO R
Project out of service.
Decentralized lending platform based on the TRX network, all this using its tokens, allowing the different digital assets as collateral.
This entire project is decentralized (in theory) since users are rewarded for providing liquidity to the protocol, all loan transactions will be in charge of the delegated nodes for this matter. Each node will be represented in its respective jurisdiction complying with the laws of that territory. However, nothing seems to be working, according to its roadmap there are no new updates since 2019.
In general, this project seems to be out of service since it does not have updates or data to corroborate its current status, its daily market volume is only about 15USDT and taking into account that its total emition is about one billion tokens, it can be conclude that this token has no value and if you invest in this project you may lose all your money.
Final rating: project abandoned or out of service.
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Pros
- Cross-chain transactions.
- It will admit loans backed in fiat but withdrawable in crypto.
- The security of the transaction will correspond directly to the protocol created by vein.
Cons
- Volume of only about 15USDT.
- No updated data on its current status.
- No information from its developers.
- There is NO contact information.
