Vega Protocol
VEGA Price
| Fully Diluted Valuation | $174,537 |
|---|---|
| 24H Trading Volume | $12 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 62.05 M |
| Total Supply | 65.00 M |
| Max Supply | 65.00 M |
| Categories | Decentralized Exchange (DEX) 8 more |
|---|---|
| Founder | Barney Mannerings |
| Website | vega.xyz |
| Socials | 4 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
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| Name | Pair | OG Score |
|---|
In the rapidly evolving landscape of blockchain technology, Vega Protocol emerges as a transformative force, redefining the possibilities of decentralized trading. A custom proof-of-stake (PoS) blockchain built on Tendermint, Vega introduces a seamless and efficient way to trade derivatives on a decentralized network while providing an experience comparable to traditional centralized exchanges.
Mission: Fair Access to High-Quality Derivatives Markets
At the core of Vega's mission is the commitment to providing fair access to high-quality derivatives markets for everyone, irrespective of their background or location. The platform seeks to eliminate any potential for cheating or unfair advantages based on wealth, status, or technical capabilities. Vega is meticulously designed to ensure that all participants enjoy equal benefits, with competitive fees and rewards proportionate to the value added.
Key Features and Technology:
Atomic Margin Calculations: The Vega trading engine employs industry-standard risk models, optimizing margin requirements based on market volatility and open interest. This ensures competitive leverage without compromising market safety.
Built-in Liquidity Incentives: Vega introduces a unique liquidity mining mechanism, where liquidity providers bid against each other to set trading fees. This fosters low fees on highly competitive markets and incentivizes liquidity on new, lower-volume markets.
Low Latency & High Throughput: The Vega blockchain is optimized for trading, boasting a one-second block time and the capability to process thousands of transactions per second. Notably, there are no fees for order creation, cancellation, or modification.
Protective Auctions & Price Monitoring: Vega incorporates circuit breakers to maintain safe trading bounds. Price monitoring triggers auctions in response to significant price moves, protecting market participants from risks associated with manipulation or unforeseen events.
Permissionless Market Creation: Users on Vega can propose, modify, and approve markets for any asset without seeking permission. This decentralized approach aligns the interests of liquidity providers, traders, and token holders, facilitating the rapid creation of new markets.
Pseudonymous Trading & Governance: Trading and governance on Vega are executed by pseudonymous users. This ensures a safe environment where traders do not need to disclose their identities. Strong incentive mechanisms and robust protocol governance uphold the best interests of all traders.
Rich User-Friendly APIs: Developers benefit from market data and trading access via modern, user-friendly APIs, including REST, RPC, and GraphQL. This flexibility enables the creation of real-time applications with synchronous interactions.
The Vega Token: Governing and Securing the Network
The VEGA token, a standard ERC20 token, plays a pivotal role in securing and governing the Vega network. Key utility functions include approving new markets, participating in network governance, and staking to become validators. This ensures that the Vega network remains a safe and secure environment for decentralized trading.
With a fixed supply of 64,999,723 tokens, VEGA is poised to empower decentralized trading, providing a scalable derivatives layer for Web3 applications. As the network continues to evolve, Vega stands as a beacon for fair and accessible decentralized finance.
Vega's uniqueness lies in its permissionless market creation, low-latency/high-throughput blockchain, and pseudonymous trading, offering a fair and secure environment for decentralized trading.
Vega Protocol stands out for its innovative proof-of-stake blockchain, optimizing margin calculations with atomic precision and implementing built-in liquidity incentives. Its mission is to democratize high-quality derivatives markets, ensuring fair access for all participants.
The founders of Vega Protocol is Barney Mannerings.
Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
You can buy Vega Protocol (VEGA) on LATOKEN, Sushiswap cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Vega Protocol VEGA. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Vega Protocol (VEGA) is ($62,047,132), max supply of Vega Protocol VEGA is ($64,999,723) and the market cap of Vega Protocol VEGA is ($166,609).
What is the Vega Protocol (VEGA) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Vega Protocol (VEGA) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Vega Protocol (VEGA) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Vega Protocol VEGA) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Vega Protocol (VEGA) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Vega Protocol (VEGA) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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