St Vincent, Grenadines, August 7, 2022, Chainwire
Hectagon Finance, an emerging decentralized Venture Capital DAO, is launching the TGE for its HECTA token, which gives holders a claim to administrative rights and to the tokens held in the Treasury.
Hectagon is a new platform that allows regular users to take advantage of early stage investments in crypto startups. They share the risks, but also receive the profits from supporting projects from the start. In both the Web2 and Web3 worlds, the average users are usually among the last in the chain of buyers and are used as “exit liquidity” for the previous round investors. With Hectagon, holding HECTA gives users a way to indirectly hold tokens in the seed stage.
The TGE for HECTA will be launched on August 8 between 11:00 and 14:00 UTC. The tokens can be obtained directly at app.hectagon.finance, or purchase and wager them on PancakeSwap.
The first 300 whitelisted members will receive up to 30% HECTA bonus for any purchase over $500. Sign up at: https://app.hectagon.finance/ before 7:00 AM, Aug. 8, 2022 (UTC).
Hectagon was created by the founders of VSV Capital, a Vietnam-based accelerator and VC that invested in more than 80 startups, primarily in Web2. With the growth 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 venture capital funds only raise capital from already wealthy investors, who trust the venture capital fund managers to invest it effectively. This happened just as often in Web3 as it did in Web2, yielding huge amounts of money for those insiders who could get the best deals. There was an opportunity to restore fairness to the VC mechanism and open up funding to all.
With the project pipeline lineup, Hectagon provides this opportunity with a clear plan to make investment decisions by holding HECTA tokens in Hectagon’s treasury. HECTA tokens can be exchanged for their value in the treasury at any time, providing holders with additional security. Unlike many other investment DAOs that have raised millions without a clear plan on what to do next, Hectagon has a clear mandate to access the best seed-stage Web3 deals.
“What I’ve learned from years of working in the Venture Capital industry is that creating a valuable business doesn’t just depend on the founders and investors,” said Linh Han, Hectagon Co-Founder. “You need a community of loyal customers and supporters who are willing to use the product, provide feedback and spread the word… All of that can be better achieved through a community-owned decentralized funding platform model. With Hectagon we expect to revolutionize the venture capital financing model for Web3 and a new concept of investing in the blockchain and crypto space.”
About Hectagon
Hectagon is a decentralized VC fund that allows anyone to contribute money and receive the windfall from investing early in Web3 startups. It is developed by the same team as VSV Capital, one of the most active Web2 investors in Vietnam. Hectagon’s mission is to restore the honest, community-oriented ideals of the early crypto years, which were later suppressed by a Web2-like Venture Fund model.
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