Review on VENA by Stephen Toluwani
Vena Project has gone out of service. It's procured wallet application doesn't seem legitimate in my view
Vena, a crypto lending platform based on the Tron Blockchain in which uses collateralized your crypto holdings in order to facilitate borrowing off stablecoins from the platform. the project has since last year been discontinued with no sufficient action being carried out put on the project website and its telegram community group. Checking through it's Telegram community group, I could only see that the project seems to have started its own crypto wallet, a decentralized wallet according to their views but I cannot really see if it is going to be legitimate because taking the back track record of this project with an unsuccessful start up, it might be out to scam people.
The project lending service can be accessed through it's subsidiary website which has already been bought down. It's main website offers no explanation to what it offers. Sta off this project as there is enough projects offering what Vena used to offer on the same Tron Blockchain
Pros
- The project website is still up
Cons
- The project appears abandoned
- There is no activity going on in it's Telegram community
