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Core Tech DAO Technology

Vega

Ended
Ended: Dec 16, 2017

Decentralized Effective Funding

A decentralized venture capital crowdfunding platform built on Ethereum

Website

vega.fund

Not Verified

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ICO Details

Ticker Symbol:
VEGA TOKEN
Platform
Ethereum (ERC20)
Country:
(data missing)

Public Crowdsale

Ended
Date Sale:
Nov 24, 2017 — Dec 16, 2017 @ 22 days

ICO Overview

Vega is a decentralized VC/Crowdfunding platform on Ethereum, encouraging higher market standards and offering the ability for individuals to leverage their own impact in the market without having to take irresponsible levels of risk. Vega also takes ‘decentralization’ to its natural conclusion, by not forcing platform users to rely on a handful of devs to identify and solve every issue in a timely manner, but rather allowing users to immediately fund solutions to problems as they’re identified.

About Vega The Vega Project is an effort to create a generalizable system which enables coordinated action for a group of participants based on the decentralized decisions of the individual participants who make up the group. The Vega system runs on the Ethereum network, using smart contracts to (a) enable each participant to make proposals to the group, (b) enable each participant to make choices with respect to proposals that have been made by other participants, and (c) track the impact of each participant’s decisions on the achievement of the group’s objectives over time. At its core, Vega is a system which utilizes distributed ledger technology (aka blockchain) – essentially database software running on the global, decentralized and distributed Ethereum computing platform – along with consensus rules and a carefully designed incentive structure in order to enable individuals to apply swarm intelligence to the pursuit of their shared objectives, harnessing the wisdom of the crowd to make decisions as a group for the purpose of maximizing the benefits to the individual participants. ​Vega is essentially a system for effective digital democracy, which enables any group to manage itself strictly through the consensus of individual actors, provided only that the group is able to establish shared objectives which are clearly and unambiguously defined, precise metrics for assessing the group’s performance in achieving its objectives, and effective incentive structures which properly align the interests of individual participants with the shared interests of the group, all without any centralized control.

Team

Pip Deely
COO
George K. Van Hoomis...
CEO
Arthur Lunn
CTO

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