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
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
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