Arrano Blockchain: Smart Contracts, NFT’s and Crypto products

By adriaparcerisas | ICO Reviews | 20 Apr 2021

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Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Arrano (https://arrano.network/), a Decentralized Exchange and Blockchain Product Development Ecosystem that attempts to solve the problem of current platforms such as lack of Information and lack of channelization of the work process due to the disorganization of the current blockchain environment. In more detail, it is a unique platform for Smart Contracts, NFT's and Crypto products working on Blockchain technology, with products like Build Apps, decentralized exchange, wallet, Launchpad and more. THe main idea is to create a technology platform through blockchain and a protocol to connect different resources under a blockchain network where users can connect and find fair crypto solutions to develop, deploy and use.

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The platforms brings you a kind of different features to be used inside it:

The Arrano Academy: A place for beginners and experts to learn the basics of Blockchain and Crypto.
The Decentralized Exchange: The platform that finds the best deal across different DeFi exchanges and completes trades.
The Trade Analytics: A platform for traders to manage and track their portfolio, find trade information and join chats with trading experts.

The tokenomics are a bit complex, but you can see the specifications below:

The platform use two type of tokens: on the one hand, ANO token as the native token of the Arrano network which is the fuel of the entire ecosystem. On the other hand, ANDX token, as a Defi token launched by Arrano Network for the purpose of funding the Arrano Dex.

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Arrano Decentralized Exchange is powered by the following stakeholders who make the platform work:

Users sending and receiving tokens to and from the network, including individual users, smart contract accounts and merchants.
The Liquidity Providers or Reserver Entities that make the platform so secure because liquidity is sourced not only from Arrano Decentralized Exchange but also from others.
The Reserver entities can also be from Arrano Decentralized Exchange and also from other exchanges.
Network providers that maintain the reserves with the determination of exchange rates, fees and feeds.

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Conclusion:

In my opinion, Arrano Network may disrupt the industry of DEX platforms due to its different kind of features that is offering. It could be the current gap between them. Furthermore, I was using the platform those days and works perfectly. It is very userfriendly and, with the integration on BEP-20 network, the platform is fully accessible. Hope you will try for your own in order to proof that and enjoy their current special deals and promotions with huge quantity of tokens to be distributed.

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