Saint Vincent, Grenadines, August 7, 2022, Chainwire
Hexagon Finance, an upcoming decentralized Venture Capital DAO, is launching TGE for the HECTA token, which gives holders a claim to governance rights and tokens held in its treasury.
Hectagon is a new platform that allows regular users to get windfalls from investing in early-stage crypto startups. They share the risks but also receive the profits from supporting projects from the start. In both the Web2 and Web3 worlds, average users are usually among the last in the buyer chain, and are used as “exit liquidity” for earlier-round investors. With Hectagon, holding HECTA gives users a way to indirectly hold seed tokens.
The TGE for HECTA will start on August 8 between 11:00 and 14:00 UTC. You can get the coupons directly on app.hectagon.finance or buy and wager them on PancakeSwap.
The first 300 whitelisted members will receive up to a 30% HECTA bonus on any purchase over $500. Sign up at: https://app.hectagon.finance/ before 07:00 AM, 8 August 2022 (UTC).
The hexagon is made by its founders VSV Capital, a Vietnam-based accelerator and VC that has invested in more than 80 startups, mostly in Web2. With the development of Web3, VSV founder and Forbes 30 under 30 Asia nominee Linh Han saw an opportunity to reinvent the VC model. Hectagon Finance is backed by Mistletoe, VSV Capital, Hub Global and LaunchZone.
The vast majority of VC funds raise capital only from already wealthy investors, who trust VC fund managers to invest it effectively. This was the case on Web3 as it was on Web2, bringing in huge sums of money for those insiders who could get the best deals. There was an opportunity to restore some fairness to the VC mechanism by opening up funding to all.
Hectagon offers this opportunity, in line with the project pipeline, a clear plan to make investment decisions by holding HECTA tokens in the Hectagon fund. HECTA tokens can be redeemed for their cash value at any time, providing additional security to holders. Unlike many other investment DAOs that raised millions without a clear plan for what to do next, Hectagon has a clear mandate to access the best early-stage Web3 offerings.
“What I have learned from years of working in the Venture Capital industry is that building a valuable company is not solely based on founders and investors,” said Linh Han, co-founder of Hectagon. “You need a community of loyal customers and supporters who are willing to use the product, provide feedback and spread the word… All of this is best achieved through a community-based, decentralized funding platform model. With Hectagon, we expect to revolutionize the of Venture Capital funding for Web3 and to bring new investment idea to the blockchain and cryptocurrency space”.
Hexagon is a decentralized VC fund that allows anyone to contribute capital and receive windfalls from early investments 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 fair, community-centric ideals of crypto’s early years, which were later suppressed by a Web2-like Venture Fund model.