🚨#VegaProtocol Shuts Down Its Blockchain 🚨
Vega Protocol has voted to retire its Layer 1 blockchain due to low traction. Despite raising $60M in 2021, with $11M from funds and the rest from ICO investors, the token's value has crashed from $21 to just $0.06— a staggering 99.7% drop. 📉
Validators will keep nodes active until at least Oct. 27 for asset withdrawals.
👀 In future Vega will support NEBULA, a new DEX using its tech, offering NEB tokens to VEGA holders.
Investors, remember: such dramatic shifts can happen to any project. 🤷 Stay alert!
