Why current approach do not work?
Well, you may see a lot of ICOs, which were intended to create the projects, which will be able to tokenize any kind of real world asset. These projects were very promising, but none of them managed to become successful. How can we be sure that Vena Network would be the one? Oh, it is pretty easy. You just need to understand why all the previous attempts failed and make sure that Vena is not going to follow their mistakes.
The main issue is the set of rules and way of understanding market. Most of ICOs and other new cryptocurrency projects act just like they have no real competitors, which is pretty far from the truth. Several years ago, teams could able to create something completely unique, now they can just try to improve something that already exists. When you create platform, which is offering tokenization of real world assets, you need to understand that there are hundreds of similar projects, so you definitely need to offer something completely new.
Now it is the time to talk about the rules for a while. Every tokenizing platform on the market sets completely new set of rules. For the platform itself, it may be a good call, because they become able to control actions of its users, but for users it may be a hell, because there will be a hundreds of platforms, which are unable to cooperate with each other. In the same time, Vena offers a place, where users of all these platforms will be able to interact freely.
Tokenize it in your own way
Usually platforms, which promise tokenization offer you only one option for tokenization: native tokens. Of course, they promise that their native token will become demanded in short terms, but in fact there tokens may even not reach the exchanges. Thanks to Vena, you will be able to choose your own way of tokenization. It would be easier for you to understand it thanks to simple example.
Imagine that you have bank account and want to tokenize your euros by turning them into ETH. Today it seems to be impossible, but with Vena it will take several moments. Every bank, exchange or cryptocurrency holder is able to become a node within Vena ecosystem.
You may ask: why nobody managed to create something similar before, if it is so easy. Because none of the teams had a good vision over situation. Some of them try to create an environment, where banks and other fiat financial system representatives will dominate over cryptocurrencies. Other try to develop an ecosystem, where cryptocurrency holders have much more abilities than huge banks. Vena creates ecosystems, where banks and crypto can be equal, because Vena team understands that these spheres need each other. Banks’s clients want to get some crypto and get it in easy way. Cryptocurrency market faces huge crisis, so demand, which will be created by fiat financial institutions should help to recover. As you can see, it is win-win situation, so Vena token holders will definitely benefit of it!
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