The crypto market continues to advance, and the surging prices are once again bringing investors back to the digital currency space. And, as always when the crypto space is seeing the return of would-be investors, the number of new tokens continues to grow.
This is an interesting time in crypto history, when digital coins are recovering from a year-long bearish market that forced the prices to go down by over 80%, and in some cases — more. New coins and tokens were scarce, as there was not a lot of people willing to invest in them. The high number of scams, weak projects, and regulators' crackdown did not help the situation either.
As a result, the popular ICO model became nearly completely extinct and forgotten. In its place, token sale models such as STOs and IEOs emerged, and many saw them as the future of token sales. But, with the market recovery, ICOs returned as well, and many of them are already scheduled and expected to arrive in the future, such as Vega ICO.
Vega, also known as the Vega Project, is an effort to create a generalizable system which would enable coordinated action for multiple participants at once, based on the decentralized decisions of each participant. It is a blockchain-abased system that uses this technology to allow individuals to apply swarm intelligence in pursuit of shared objectives.
In other words, the system would use the collective knowledge and wisdom of an entire crowd of participants to make decisions. It is decentralization at its finest, where the group would make a decision that would maximize the benefits to each individual participant.
It can be seen as ultimate, leaderless democracy, where one participant uses the knowledge of the group to solve any issue.
When it comes to Vega ICO, there is not a lot of details that are known at this time. All that the project has revealed thus far is that ICO is coming at some point in the future. The coin's ticker will be VEGA, and it is also known that it will act as a utility.
It will also be developed on Ethereum's network, meaning that it will be an ERC-20 token. It is also reasonable to assume that it will be obtainable in exchange for ETH, although it is still not confirmed, nor do we know whether or not this will be the only token that the project will accept.
Finally, the project is based in the United States, and to participate, coin holders will have to go through a KYC procedure. The coin will also have 12 million units, with around 30% of this amount (3.6 million) being available during the presale and the ICO.
| Start | May 1, 2019 |
|---|---|
| End | May 31, 2019 |
| Expired |
Vega might perform differently, of course, and it comes as an interesting solution to a lot of different issues. It is certainly a project to keep an eye on, although current ratings are far from perfect, which shows that not a lot of people have faith in the project as of yet. This does not have to mean much, as nobody believed in Bitcoin 10 years ago, but things change. If Vega ends up being strong enough, it might become great some day, which would make HODLing the best option for those who wish to invest in it.
The project does sound very interesting, and in theory, it holds a lot of potential. However, it is far from being the only such project out there, and historically, similar projects did not fare too well, as none of them went particularly big.
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