Vega Protocol Price (VEGA)

What Is Vega Protocol (VEGA)?

Vega Protocol provides the derivatives scaling layer for Web3. It is a custom-built proof-of-stake blockchain, which makes it possible to trade derivatives on a decentralised network with comparable experience to using a centralised exchange.

VEGA is the network governance and staking token. It is used for:

• Voting on the creation of new markets on the network
• Running validator nodes on the network via staking VEGA tokens
• Earning fees from traders through staking and delegation
• Governing important network parameters which ensure markets are secure and fair

Technology Highlights

Vega Protocol implements a number of novel technology innovations, which enable high-performance trading of derivatives in a decentralised environment.

• Atomic margin calculations enable traders to maximise their capital-efficiency without compromising the safety of markets
• Pseudonymous trading identities ensure the network is accessible to anybody in the world without restriction
• The power to create new markets is put into the hands of the users of the network, through the permissionless market creation and governance protocol
• Strong liquidity incentives ensure that markets are attractive to both traders and liquidity providers at all times

How Many VEGA Tokens Are in Circulation?

VEGA has a fixed supply of 64,999,723 tokens, and the estimated circulating supply is as follows:

• Initial circulating supply of 2 million tokens
• Six months later, about 7.5 million tokens
• After one year, it'll be about 19 million tokens
• In two years it will be approximately 60 million tokens