Saint Vincent, The Grenadines, August 7, 2022, Chainwire
hexagon Finance, an up-and-coming decentralized venture capital DAO, is launching TGE for its HECTA token, which grants holders governance rights and requirements for tokens held in their treasury.
Hectagon is a novel platform that allows ordinary users to make windfall investments in early stage crypto startups. They share the risk but also profit from supporting the project from the start. In the world of Web2 and Web3, ordinary users are usually the last in the buyer chain and are used as “exit liquidity” for investors in the previous round. With Hectagon, holding HECTA provides users with an indirect way to hold seed stage tokens.
HECTA’s TGE will be launched on August 8th between 11:00 and 14:00 UTC. These tokens can be acquired directly on app.hectagon.finance, or purchased and staked on PancakeSwap.
The first 300 whitelisted members will receive up to 30% HECTA bonus on any purchase over $500. register: https://app.hectagon.finance/ Before 7:00 AM (UTC) on August 8, 2022.
Hectagon is made by VSV Capital, a Vietnam-based accelerator and venture capital firm that has invested in more than 80 startups, mainly in Web2. As Web3 grows, VSV founder and Forbes 30 Under 30 Asia nominee Linh Han sees an opportunity to reshape the VC model. Hectagon Finance is backed by Mistletoe, VSV Capital, Hub Global and LaunchZone.
The vast majority of VC funds only raise capital from already wealthy investors who trust VC fund managers to invest effectively. This happens as much in Web3 as it does in Web2, earning huge sums of money for these insiders who can get the best deals. There’s an opportunity to re-establish some fairness in the VC mechanism, opening up funding to everyone.
Hectagon provides this opportunity with a clear plan to make investment decisions by holding HECTA tokens in the Hectagon treasury through a pipeline of projects. HECTA tokens can be redeemed at any time for their value in the treasury, providing holders with additional security. Unlike many other investment DAOs that have raised millions without a clear next step, Hectagon’s clear mission is to get the best seed-stage Web3 transactions.
Linh Han, co-founder of Hectagon, said: “What I’ve learned from working in the venture capital industry for many years is that building a valuable company isn’t just about founders and investors. You need a company backed by loyal customers and supporters. A community of people who are willing to use the product, provide feedback, and spread the word…all of which can be better achieved through a community-owned model of a decentralized financing platform. With Hectagon, we expect to revolutionize the venture capital financing model for Web3, And bring a new concept of investing in the blockchain and crypto space.”
About Biocon
hexagon is a decentralized venture capital fund where anyone can donate and receive a windfall of early investment in Web3 startups. It was developed by the same team behind VSV Capital, one of the most active Web2 investors in Vietnam. Hectagon’s mission is to restore the community-centered fairness ideals of the early crypto era that were later suppressed by Web2-like venture fund models.
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