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CoinList Announces Vega Token Sale

| Updated
by staff writer · 2 min read
CoinList Announces Vega Token Sale
Photo: CoinList Blog

Vega protocol, a Web3’s native derivative, is designed to ensure a high-quality and efficient trading platform is available for anyone, regardless of what part of the globe one is located.

CoinList has opened the registration for the sale of Vega token, a proof-of-stake Blockchain token that’s built on Tendermint, which allows easier trading of derivatives on a decentralized environment just like in centralized exchanges. By utilizing the Blockchain technology, Vega has the capacity to execute and settle many trades per second in digital assets like Bitcoin, ERC20 and Ethereum. Unlike in other networks, fees are charged once a trade is executed. Also, you can freely submit, cancel, or amend the limit orders.

While making the sales announcement, CoinList clarified that it has the following three options to suit different clients’ preferences with different lock periods and purchase limits.

The registration for the sale will end on May 28, 2021, at 23:59 UTC. However, the sale commences on June 2, at 00:00 UTC.

What the Vega Protocol and Its Token That Is to Be Listed by CoinList Offer

Vega protocol, a Web3’s native derivative, is designed to ensure a high-quality and efficient trading platform is available for anyone, regardless of what part of the globe one is located. In layman terms, Vega incorporates safety, security, and efficiency in financial technology to revolutionize traditional financial services. Additionally, the following are some of the reasons why the Vega Protocol is to be considered.

Market Activity

The token holders, through the power of governance voting, regulate the activity of the markets in the Vega Protocol. Any Vega member has the authority to submit proposals for creation, alteration, or removal of markets. On the issue of charges, the trading fee is shared by all stakeholders- validators, token holders, and liquidity providers- for securing a cohesive network.

Validation

For purposes of achieving consensus, the Vega Protocol utilizes delegated proof of stake. This is facilitated by the validators nodes that run the Vega software hence, operating the market. Additionally, the protocol is secured via staking, where the token holders choose the Validators by allotting tokens to them.

Market Regulation

Market functionality is regulated and governed by voting. Token holders must reach a consensus, by voting, on issues like the number of blocks prior to crediting of the deposits, and participation threshold for new markets voting. In essence, the token holders are fully charged with the seamless functionality of the Vega network.

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