Dealing with crisis in cryptoworld
It is obvious that even top cryptocurrencies are facing a lot of issues. It is clear even for a person, who does not know much about crypto in general. However, just a few people really understand the way of dealing with this crisis and the real reasons for it.
Price of every token on the external market is formed by demand for this token. The only reason for BTC to be worth 13k and to be worth 5k is the demand. A year ago, BTC was something completely new for the people and for entire world financial system. It was a unique asset with unique features. However, most of people, who wanted to get some BTC had already got it. In addition, supply of BTC is much bigger because of the huge amount of mining facilities. It may look like bad forecasts: demand for BTC will not rise, so the entire market, which surely depends on BTC, is going to die. Fortunately, this statement is very far from the truth.
World is full of people, who are interested in having cryptocurrency assets. Of course, their numbers are much lower, comparing to what they were a year ago, but still they could give cryptocurrency market major boost and chance to become great again. However, this people do not buy crypto for only one reason: they do not have reliable way to buy it. They need the way they could trust. In the same time, according to the polls, most of people trust their banks and other official financial institutions. It creates perfect background for launch of Vena Network.
Everybody is welcomed
Major players like banks and even governments are glad to enter the cryptocurrency market, but they are unable to pass the restrictions. Most of cryptocurrencies are not recognized by governments, so they are not regulated. Some of you may say that it is an advantage, but huge banks cannot risk so much and invest in something that has no real control or even set of rules. Vena Network offers all these major players to interact with cryptocurrency market on mutually beneficial tears.
Imagine that your bank is able to become Vena Network Node. It allows banks to interact with every other node, like banks or cryptocurrency world representatives. It is too risky for bank to buy tokens or coins on exchange, because the chance of being scammed is too high. Some banks were trying to create own mining facilities, but they are not profitable enough. That is why banks need Vena and whole cryptocurrency world needs banks.
Imagine that your granny want to buy BTC, but she is not good at coding and understanding the way blockchain technology works. In the same time, it would be glad to buy BTC in her bank, because she trust this bank. Vena allows banks to sell BTC and other coins to everybody without risk of being scammed. Thanks to such opportunity, huge financial stream will hit the crypto market, so it will get a second chance!
Vena Network website - http://vena.network/
Whitepaper: http://whitepaper-en.vena.network/
Telegram - https://t.me/vena_network
Author: https://bitcointalk.org/index.php?action=profile;u=459326
Author ЕТН: 0x9132c19FD7f9342026654Fead08FAF7FA9e0f8d7
Congratulations @hendra-ur! You received a personal award!
Click here to view your Board
Congratulations @hendra-ur! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!