Layer 1 blockchain Vega proposes to shut down Vega Alpha mainnet and token VEGA and launch new project Nebula

Odaily News Vega Protocol, a Layer 1 blockchain focusing on derivatives trading, has proposed shutting down the Vega Alpha mainnet chain and token VEGA in the coming months, focusing instead on the development and promotion of the protocol software, and launching a new project, Nebula. Nebula plans to launch its own chain, running the Vega protocol. Nebula will have its own token NEB, and VEGA token holders will have the opportunity to exchange VEGA for this new token, with VEGA holders diluted to 5:1. Vega will redistribute the on-chain treasury to stakers and provide guaranteed USDT incentives to validators to keep the network running for the next two months, allowing users to withdraw funds from Vega DEX. The relevant governance vote will end on September 6.