What is VEGA Protocol (VEGA)?

Currently 90% of trading volume recorded in the market still comes from leveraged trading and derivatives trading. Therefore, it is a very fertile market for Vega Protocol to develop.

Vega Protocol is a decentralized leveraged and derivatives exchange (DEX) developed to make it possible for users to trade with an experience comparable to centralized exchanges (CEX).

If you do not have a Coinlist account to be able to own Vega, register now at this link: https://coinlist.co/clt?referral_code=Z76DDC

Highlights of VEGA Protocol

The highlight of Vega Protocol is its decentralized operation mechanism, users have full control over their personal assets and traded asset pairs on the market.

Vega Protocol aims to build a market with high performance, low margin trading fees, reasonable margin requirements so that users can optimize capital flow when trading derivative products.

In addition, Vega Protocol also launched the Vega Console product, which is the Testnet version of the project. Investors who want to learn can experience here.

Token Information VEGA Protocol (VEGA)

Key Metrics VEGA

• Token Name: VEGA Protocol.
• Ticker: VEGA.
• Blockchain: Ethereum.
• Token Standard: ERC-20.
• Contract: Updating…
• Token Type: Utility.
• Total Supply: 64,999,723 VEGA.
• Circulating Supply: Updating…

Token Allocation

Out of a total of 100% VEGA tokens, allocation is only distributed as follows:

• Early Investors: 36.5% – 23,724,899 VEGA.
• Team: 29.7% – 19,304,918 VEGA.
• Community: 26.3% – 17,094,927 VEGA.
• Token Sale: 7.5% – 4,874,979 VEGA.

Token Sale

Vega Protocol has a total of 3 open sales:

Round Seed: Raised $5.5 million ($0.36/VEGA) from Pantera investment funds,…

Strategic Round: Raised $5.5 million ($0.77/VEGA) from Coinbase Ventures…

Round Public: Open for sale on CoinList with 3 different options for the community.

Token Release Schedule

A total of 100% tokens will be distributed until near the beginning of 2027, which means the token distribution will take place in 5.5 years from the token distribution date according to the following chart.

Most of the tokens will be unlocked from the opening event until January 2023. Then unlock in small quantities until 1/2027.

Token Use Case

Vega Protocol will have VEGA as a native token and will be applied as follows:

• Recommend asset pairs to be listed in Vega Protocol.
• Propose and vote on system changes.
• Staking or register to become a Validator to receive rewards.

Instructions to participate in the VEGA sale on CoinList

Vega Protocol will open sale of VEGA tokens on CoinList starting from June 2, 2021. Investors can see the overview of CoinList participation instructions here.

Vega Protocol will open for sale 3 options on CoinList.

Option 1

• Opening time: 7:00 AM (June 2, 2021).
• Unlock token: Lock the first 12 months and gradually unlock in the following 12 months.
• Buy limit: $100 – $1,000.
• Number of tokens in Option 1: 1,625,000 VEGA (2.5 total supply).
• Price: 1 VEGA = $5.

Option 2

• Opening time: 12:00 PM or 0:00 AM (June 3, 2021).
• Unlock token: Lock the first 6 months and gradually unlock in the next 6 months.
• Buy limit: $100 – $2,500.
• Number of tokens in Option 2: 1,625,000 VEGA (2.5 total supply).
• Price: 1 VEGA = $10.

Option 3

• Opening time: 7:00 AM (June 3, 2021).
• Unlock token: Lock the first 3 months and unlock immediately after.
• Buy limit: $100 – $10,000.
• Number of tokens in Option 2: 1,625,000 VEGA (2.5 total supply).
• Price: 1 VEGA = $15.

Personally, I will choose Option 1, this is probably the best choice compared to other options.

Note:

• Successful registration does not mean that you will be able to buy VEGA tokens. At the opening time for each option, investors must go to CoinList’s website 1 hour in advance to queue, if they log in late, it is likely that it will be difficult to buy.

Roadmaps & Updates

• September 2018: Developing a whitepaper for Web3.
• 03/2020: Launch of Testnet (private version).
• 07/2020: Design MEV – publish blockchain resistant.
• 12/2020: Launch of Testnet (public version).
• 05/2021: Apply Mainnet.
• 06/2021: Distribution and open sale of tokens.
• 07/2021: Launched limited version Mainnet.
• 08/2021: Launched Mainnet Alpha version.

Project team

Above are the founders and main developers of VEGA Protocol, you can find out more about them at the LinkedIn channel.

Investors

Vega Protocol has had a total of 2 fundraising rounds from investors:

• Seed Round (December 2019): Vega Protocol has raised $5.5 million ($0.36/VEGA) from investment funds Pantera Capital, KR1, Ripple’s Xpring, Rockaway, Eden Block, etc.
• Strategic Round (November 2020): Vega Protocol has raised $5.5 million ($0.77/VEGA) from investment funds Coinbase Ventures, Arrington Capital, Cumberland DRW,…

Partner

Officially developed in 2019, it can be seen that Vega Protocol has been carefully prepared and has had countless important partners such as Oracle (Data Supply), Audit (Audit), Trading (Liquidity system) , DeFi (Decentralized Financial System),…

This shows that Vega Protocol has prepared very carefully in terms of infrastructure, partners and community to explode in the future.

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