Announcing the Vega Token Sale on CoinList - Kingsman Ventures

Announcing the Vega Token Sale on CoinList

Vega token

We’re proud to announce that registrations for the Vega Token Sale on CoinList are now open.

Vega is the derivatives layer for Web3. It is a proof-of-stake bridge to all major blockchains, providing an open and highly flexible derivatives protocol scaling layer with all the sophistication of investment-bank grade software.

The sale will begin on June 2 at 00:00 UTC, and will have three price tiers with different terms available to all eligible* participants:

  • Option 1: $5.00 per token, 12 month lockup with a 12-month release period thereafter, $1,000 maximum
  • Option 2: $10.00 per token, 6-month lockup with a 6-month release period thereafter, $2,500 maximum
  • Option 3: $15.00 per token, freely trading after a 90-day lockup, $10,000 maximum

The registration deadline for the sale is May 28, 2021, 23:59 UTC.

Register here »

Web3’s native derivatives layer

Vega Protocol is a proof-of-stake blockchain, built on top of Tendermint, which makes it possible to trade derivatives on a decentralised network with a comparable experience to centralized exchanges. By using a blockchain optimized for this purpose, alongside Ethereum or another general purpose chain, Vega is able to process thousands of transactions per second. Fees are only charged when trades are executed, and it is free to submit, cancel and amend limit orders.

Sophisticated built-in liquidity incentives, and pseudonymous market creation, ensure that high-quality markets can be created by anybody in the world, without censorship or restriction. Simply put, Vega delivers the technology required to move a significant amount of volume from traditional financial markets on-chain, in a safe, secure and fair manner.

A few reasons that we’re excited about Vega:

  1. Permissionless Market Creation — Active markets on Vega are determined by token holders through governance voting. Proposals to create, alter, or remove markets can be submitted to the network by anybody in the world. The community of token holders will collectively exercise control over whether proposals are approved or not. Designing safe and secure markets requires careful analysis, as well as collaboration with liquidity providers. Vega gives the power to network stakeholders to ensure the markets they need are prioritized and created.
  2. Staking Validators — The Vega blockchain implements delegated proof-of-stake to achieve consensus. The network consists of validator nodes, which collectively operate markets by running the Vega software. The network is secured through staking, where token holders choose the validators they want to operate the network by delegating tokens to them. Trading fees are distributed to validators, token holders and liquidity providers as a reward for securing and operating the network.
  3. Governing the Network and Markets — Important network functionality is controlled by governance voting. For example, the number of block confirmations before deposits are credited, or participation thresholds to vote for new markets. Token holders play a crucial role in ensuring the Vega network operates a safe and secure environment for decentralised trading at all times.

Register here »

Legal Disclaimer

*Not available for residents and citizens of the United States, China, Canada and certain jurisdictions.

This post is being distributed by Amalgamated Token Services Inc., dba “CoinList,” or one of its subsidiaries. Use of the CoinList website is subject to certain disclosures, restrictions and risks available here.

Nothing in this post shall constitute or be construed as an offering of securities or as investment advice, tax advice or investment recommendations (i.e., recommendations as to whether to enter or not to enter into any transaction involving any specific interest or interests) by CoinList or any of its affiliates.

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