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What Is Vega Protocol (VEGA)?
Vega Protocol is a custom-built proof-of-stake blockchain that provides the derivatives scaling layer for Web3. It enables trading derivatives on a decentralized network with a comparable experience to using a centralized 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 to ensure secure and fair markets
Technology Highlights
Vega Protocol implements several novel technology innovations that enable high-performance trading of derivatives in a decentralized environment.
- Atomic margin calculations enable traders to maximize their capital efficiency without compromising market safety
- Pseudonymous trading identities ensure network accessibility without restrictions
- Permissionless market creation and governance protocol puts the power to create new markets in the hands of network users
- Strong liquidity incentives ensure attractive markets for traders and liquidity providers
How Many VEGA Tokens Are in Circulation?
VEGA has a fixed supply of 64,999,723 tokens. The estimated circulating supply is as follows:
- Initial circulating supply of 2 million tokens
- Approximately 7.5 million tokens after six months
- Approximately 19 million tokens after one year
- Approximately 60 million tokens after two years
Answers
What Is Vega Protocol (VEGA)?
Vega Protocol is a custom-built proof-of-stake blockchain that provides the derivatives scaling layer for Web3. It enables trading derivatives on a decentralized network with a comparable experience to using a centralized 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 to ensure secure and fair markets
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
- About 7.5 million tokens after six months
- Approximately 19 million tokens after one year
- Around 60 million tokens after two years
Coin ranking
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