ETNA NETWORK - Top lending platform.

Juli 31, 2021

ETNA NETWORK - Top lending platform.

ETNA Network - The Future DeFi and Gaming Ecosystem.

All things DeFi, with features including lending/borrowing and a hybrid liquidity protocol. Hybrid gaming/NFT ecosystem enables the seamless integration of conventional games on the blockchain.

What is ETNA Network?

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.

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

DEFI

Our 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 featur

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 curves.
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

Introducing ETNA Network NFT Game Assets

As many already know, ETNA Networks’ NFTs are gaming assets that would be deployed in the upcoming game. Currently, there are over 30 NFTs trading on the ETNA Network marketplace, these NFTs comprises of game characters, weapons, secret passages, creatures and many more. With each one having it’s uniqueness and specific attributes, they all play a vital role in the upcoming game. Ten of these NFTs are specifically game characters that players can choose as their player character, each of these characters have unique fighting moves and skills which will be disclosed in more details as development progresses.

Below is a list of characters currently trading on ETNA Network NFT Marketplace:

1. Apollo 2. Nyx 3. Arthemis 4. Cyclops 5. Hercules

6. Mercury 7. Wukong 8. Pantara 9. Osiris 10. Eagle

Trading of NFTs on the Marketplace was opened to users on the 15th of April, 2021 with the start price of all the NFTs at 20 ETNA. After about 24Hrs of the opening, all the characters had experienced an exponential price growth. As of the time of writing this article, over 4900 NFTs have been minted and the cheapest of all the NFTs is currently 250 ETNA, a whooping 1,150% growth since its listing on 15th of April, just two months ago.

The Figure show the prices of all characters after 24hrs, 72hrs, and 120hrs of opening. We can see that just in 24hrs, Nyx increased in price to a highest price of ~580.7 ETNA. This represents about 2800% growth, exponential right? To users who bought Nyx within the price range of 20–25 ETNA, this represents a 23–29x on their investment so hell yes, this is exponential.

The price increase in ETNA for all the characters after 24hrs are summarized from the highest to the lowest growth as follows: Nyx (580.69) > Apollo (340.69) > Arthemis (225.88) > Herculus (178.03) > Osiris (173.03) > Mercury (169.63) > Cyclops (148.91) > Eagle (144.77) > Pantara (133.75) > Wukong (133.60). It is evident that after 24hrs, even the least performing character had a price growth of ~568%, still about 7x for early buyers.

After 72hrs, Nyx still maintained it’s position as the highest performing character with it’s price at 645.24 ETNA, representing an increase of ~11% from 580.69 to 645.24 ETNA. Hercules exhibited the highest jump in the price of ~28% from 178.03 to 227.10 ETNA. Also, all other characters showed an increase in price as you can see in the figure.

After 120hrs, Nyx had a slight price a drop from 645.24 to 526.79 ETNA but still maintained it’s position as the best performer. The price of the other characters can be seen in the figure.

So, why are people buying Nyx? Let us learn a bit about Nyx.

Nyx is one of the most feared characters in the game. She doesn’t just steal the magical treasures but kills at the slightest provocation. She is very impatient, furious and fearful. Her greatest strength is her ability to see in darkness and cause the night to fall. She fights more with dark powers than with magic.

Our take is, lots of buyers were intrigued and motivated by her storyline. The truth is, all of these characters are unique and they are all highly valuable as we will see in coming weeks.

If you would like to learn more about ETNA NFTs or you would like to be the owner of a couple, then hurry up to https://nft.etna.network/

Introducing The Ambassador Program

ETNA Network is pleased to announce that we have incorporated an additional rewards/bonus program for our loyal users, this rewards program is called “The Ambassador”

The Ambassador Program is based on a Proof of Commitment type algorithm where users of DeBank are rewarded, or airdropped bonus tokens based on how committed they are.

Two parameters are measured to quantify users’ commitment, these are:

1. The amount of Stable coins or amount of ETNA deposited into DeBank

2. The duration of this deposit.

With this parameter, the quantity of bonus rewards for each user are determined.

The ambassador program will also rank users based on this commitment metric and will give them interesting membership titles. You can be rest assured, a lot of interesting and benefiting features will come with the Ambassador program.

As we all know, we are focused on deploying our mobile app, a multi-blockchain wallet app with DeBank, NFT marketplace, token swap feature and more embedded. For this reason, The Ambassador Program Tab will delay a bit.

But here is the good news, though the tab for this new feature will delay a bit, the bonus program that comes with it will start immediately.

Who qualifies for the additional rewards?

1. Users who deposit at least 500 BUSD or USDT or DAI into DeBank. Users can qualify on multiple deposits, i.e, a user who deposits 5000 BUSD and 1500 USDT will qualify for 500 ETNA in bonus and 150 ETNA in bonus from respective deposits

2. Users who deposit a minimum of 1000 ETNA into DeBank

How often are Bonus rewards airdropped to users?

As it has been mentioned, the reward is paid out is based on commitment therefore only users who make one or more of the above deposits and keep it deposited for at list a month will get paid rewards bonus.

Examples:

A. If a user deposits 5000 BUSD and 1500 USDT . The user left the 5000 BUSD for over a month but withdrew the 1500 USDT after 20 days, the user will only get bonus airdrops for the 500o BUSD

B. If the user withdraw 500 USDT out of the 150O USDT deposited, the commitment count starts all over and if the remaining 1000 USDT still in deposit stays in deposits for a month, then the user will qualify for bonus for the 1000 USDT.

C. The same goes for ETNA, If user deposits 10000 ETNA, he will also qualify for bonus each month the deposit remains in deposits.

Note: Users can qualify for rewards each month. Take for instance, the user who deposited 5000 BUSD. If the user left the 5000 BUSD for 4 months and 10 days, he will qualify for bonus rewards 4 times, one for each month the deposit clocked.

Additional conditions for bonus rewards:

For users who deposits ETNA, only deposits that are not used as collateral for loans will count. Any amount of ETNA that has been used as collateral for loan will not count.

First Bonus Allocation:

For the month of July, the following amount of ETNA have been allocated for bonus rewards.

1. 100,000 ETNA in bonus rewards for stable coin deposits (BUSD, USDT, DAI)

2. 100,000 ETNA in bonus rewards for ETNA deposits

Reward structure:

Stable coin rewards structure (minimum of 500 BUSD, USDT, DAI):

Deposit of 500–999: 50 ETNA in bonus

Deposit of 1000–1499: 100 ETNA in bonus

Deposit of 1500–1999: 150 ETNA in bonus

Deposit of 10,000–10,499: 1,000 ETNA in bonus

Summary: Every multiple of 500 stable coin deposits earn you 50 ETNA in additional bonus

ETNA rewards structure (minimum of 1000 ETNA):

Deposit of 1000–1499: 10 ETNA in bonus

Deposit of 10,000–10,499: 100 ETNA in bonus

Deposit of 100,000–100,499: 1000 ETNA in bonus

Summary: Every multiple of 1,000 ETNA deposits earn you 10 ETNA in additional bonus

Note:

Deposits already made before this announcement will also count from today

Only up to 1,000,000 in stable coin deposits will benefit in this stage so do not miss out

Only up to 10,000,000 in ETNA deposits will benefit in this stage so do not miss out

Direct link to DeBank: https://debank.etna.network/

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

Token Contract: https://bscscan.com/address/0x51f35073ff7cf54c9e86b7042e59a8cc9709fc46

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 ETNA ecosystem.

ETNA Network’s Play2Earn Loading…

ETNA Network’s play2earn feature will offer users a variety of modes, these includes:

1. PVP/PVC mode

2. Adventure/treasure hunt mode

3. Tournament mode

We are currently working on version 1.0, this version will offer users only the PVP/PVC mode.

In this mode, users will be able to select characters or weapons from the ones they own or rent characters/weapons to fight with.

After selecting character and weapons, the user will be able to battle for rewards, two options will be made available to users:

1. Simulation mode: After user selects character and weapon, the user battles against computer/game algorithm without actually battling. The chances of victory will be dependent on character selected and the enhancements/weapons added. The user will have 4 possible opponents to face with the chances of victory varying across the opponents. Of course, opponents with less difficulties have the lowest victory payout and the opponent eith the most difficulty would have the highest victory payout.

2. Fighting mode: After user selects character and weapons, the user either battles against algorithm or a challenger. That is, either player-vs-player or player-vs-computer. This means that the user will have to actually fight by controlling his character. For the PVP, the users chances of winning is mainly dependent on how good the user is but again, the strength of each character plus weapon and enhancements differ. For example, a blow from character A can have 10% damage while a blow from character B can have 15% damage. Player can also decides to play against computer and in this case, the user will have options to select between a range of opponents with difficulty ranging from easy to hard.

What to expect in coming week?

The information page of ETNA Network’s play2earn feature

The fighting mode demo where users can actually try out few players on a battle.

ETNA’s Roadmap

Q2 2021

Deployment of DeBank lending and borrowing network WEB application.

Upgrade of NFT marketplace spot trading interface.

Integration of NFT Auction feature.

Application for Crypto and Banking License.

Major CEX Listing.

Q3 2021

Deployment of DeBank lending and borrowing network Mobile applications.

Development of liquidity-based trading exchange with enhanced.

Broker-buyer type trading feature.

Integration of gaming portal, deployment of games.

Game ecosystem expansion and major gaming partnership.

Q4 2021

NFT marketplace version 2.0 release, P2P trading option and sub-marketplace for artists.

Deployment of NFT cross-chain mechanism.

Deployment of NFT based synthetic commodities and applications.

Q1 2022

Integration of Fiat-crypto type transaction support on all applications.

Integration of banking services and Debit card issuance.

Development of all-in-one mobile app.

Development of more innovative technologies, major industry partnerships and further expansions.

OUR PEOPLE

ETNA have been working closely with highly experienced blockchain developer and team members.

Shola Otitoju: CEO and Co-Founder

Allaa Alhasan: Tech Advisor

Sergey Chekriy: IT Tech Consultant

Ruslan Denisov: Head of Design

Iryna Vynnychenko: Frontend Developer

Marit Heinsoo: Financial Consultant

Nurpais Orozulbaev: Frontend Developer

Vladimir: Frontend Developer

Dmitry Zavada: Frontend Developer

Nata Denisova: UX/UI Designer

Taiwo Odedairo: Market Research Specialist

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.