ETNA’s Binance Smart Chain network

3 min readAug 9, 2021

In the traditional video game industry, Tech Giants such as Microsoft and Sony have implemented collectible items such as Achievement points for Microsoft’s Xbox and Trophy for Sony PlayStation to help quantify the value of effort a player puts into a video game. Achievement points can be exchanged for other valuable items which can be exchanged for USD Fiat currency. A game such as Fortenite has the ability to reward players with US Dollar for their achievements and items in the game. That is the concept Cyclops Finance has. Where gamers would be able to convert their Non-Fungible tokens to Fiat or simply use them as collateral to get loans or participate in Decentralized Exchange (Dex) Lending and Borrowing.

Details:

Token Token Name: ETNA Network
Ticker: ETNA
Type: Binance Smart Chain
Full-scale supply: 100,000,000
Staking: 40,000,000

BBT Marketplace: 30,000,000

Now, the Cyclops Finance team have moved the project to the Binance Smart Chain and have thus changed the name of to ETNA.

According to Greek mythology, Zeus lives on Mount Olympus and the Cyclops migrated and lives on Mount Etna. That is where the project team derived the name ETNA from, signalling the migration from Cyclops Finance Erc20 network to ETNA’s Binance Smart Chain network.

Etna intends to make it natural and simple for clients to jump effectively while working on stage without claiming various wallets. A brief outline of this innovation is as follows:

ETNA Network Highlights

A Digital Asset Lending Platform where not only coins and tokens can be used as insurance, but also NFT, computerized terrain, and that’s just the tip of the iceberg. Important NFT holders can now take credit by utilizing NFT like insurance, this is undoubtedly a distinct advantage.

DEX Hybrid Liquidity Protocol where clients will approach many advanced resources. A trade where the complexity that accompanies exchanging digital forms of money is a relic of the past. With the new Broker-Buyer-Type (BBT) exchange instrument, clients with zero experience actually want to exchange easily.

A Cross-Chain component that works with resource adaptability across the blockchain. This is great because it will empower the achievement of NFT’s native completeness.

DeBank: DeBank which is the Lending/acquiring stage of ETNA has been submitted to the BSC. Currently supports borrowing and acquiring seven tokens/coins specifically BNB, ETNA, ETH, BTC, BUSD, USDT and DAI. It also supports storage of all ETNA NFTs and clients can already use those NFTs to take credits.

ETNA Tokens:

ETNA is local money from the ENTA Network environment which is used for various Defi capacities such as lending, acquiring, dealing and buying NFT, and for spending.

Resource Allocation:

Presale: 10,000,000
Liquidity: 6,000,000
Team: 3,000,000 (locked for good)
Upgrade Fund: 5,000,000
Partnership: 5,000,000
Foundation: 2,000,000

ETNA Token Utility:

Lending Platform: no progress interest can be taken by Utilizing ETNA Tokens.

BBT Market: ETNA can be used as collateral as Proof of Insurance Mechanism

NFT Market Currency: NFT Marketplace supported cash is ETNA used to buy and sell in-game assets and other NFT

Rewards: ETNA can be used as Treasures and grants in the game part of the ETNA organic framework.

Author:

📢BTT Username: Crypto rev Thing

📢Profile: https://bitcointalk.org/index.php?action=profile;u=2371318

📢Telegram Username: @lolasommerfeldt

📢BSC Wallet: 0x5638F1491a30433E2FA1513011E8903A4495b0d4