Vega Protocol proposes shutting down chain and launching new token

The decentralized trading blockchain Vega Protocol says it expects its alpha mainnet chain to stop within the next three months. 

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Crypto derivatives trading platform Vega Protocol has proposed retiring its blockchain and ceasing official support for its native token VEGA.  

In an Aug. 30 blog post, Vega said the proposal was put forward in a bid to “focus on the development and promotion” of the protocol’s software and usher in the launch of a new project called “Nebula.”

Vega said Nebula would be a “full retail decentralized exchange (DEX) with committed liquidity” built on the Vega protocol. 

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