Hectagon: A DAO-Governed Web3 Venture Capital Platform

What is Hectagon

Friends, imagine if you want to invest in those just-starting, high-potential tech companies, but the barriers are too high, you lack funds, or you don’t know how to pick them—what should you do? Hectagon (abbreviated as HECTA) was created to solve this problem. You can think of it as a “crowdfunded venture capital fund in the Web3 world”.

It’s a platform managed collectively by the community (what we often call DAO governance), aiming to make it easy for ordinary people to participate in early-stage Web3 project investments. It’s like you and a group of like-minded friends pooling money together, hiring professional investment managers to find and invest in blockchain startups that could become future “unicorns.” All you need to do is hold Hectagon’s token HECTA, and you can indirectly participate in these early investments and share in the project’s growth dividends.

Target Users & Core Scenarios:

• For ordinary investors: Hectagon lowers the threshold for participating in early-stage Web3 investments. You don’t need a lot of capital or professional investment knowledge—just hold HECTA tokens to indirectly invest in professional early-stage Web3 projects.
• For Web3 startups: Hectagon provides a funding channel, and not just capital—it also offers help from the Hectagon community in tokenomics design, marketing, and technical support.

Typical Usage Flow:

You can simply understand it as: you buy and hold HECTA tokens → your tokens contribute to Hectagon’s treasury → Hectagon’s professional team and community members jointly select and invest in promising early-stage Web3 projects → when projects succeed, as a HECTA holder, you can share in the investment returns.

Project Vision & Value Proposition

Hectagon’s vision is very clear: it hopes to make early-stage investment in the Web3 world “within reach and worry-free”. Just like in the early days of the internet, when everyone had a chance to invest in companies that changed the world, Hectagon hopes that in the Web3 era, more ordinary people can participate, not just a few large venture capital institutions.

The core problems it aims to solve are:

• High barriers: Traditional early-stage Web3 investment (such as seed rounds, private rounds) usually requires a lot of capital and professional connections, making it hard for ordinary people to participate. Hectagon breaks down these barriers through its DAO model.
• Pump & Dump issues: Many Web3 projects see their token prices manipulated after early fundraising, resulting in a lack of long-term development funds. Hectagon locks project tokens via smart contracts to ensure long-term holding, helping projects develop stably.

Compared to similar projects, Hectagon emphasizes “zero threshold”. Many investment DAOs or launchpads require users to buy and hold a large amount of governance tokens to qualify for investment, or even require a lottery. Hectagon allows any user holding HECTA tokens, regardless of amount, to have the opportunity to participate in early investments. In addition, Hectagon not only provides funding, but also offers comprehensive value-added services to invested projects, including tokenomics design, marketing, and technical support, making it more like an active “incubator” for project growth.

Technical Features

Technically, Hectagon mainly relies on blockchain smart contracts and DAO (Decentralized Autonomous Organization) mechanisms to realize its core functions.

• Smart contract investment: Hectagon uses smart contracts to manage the funds in its treasury and the tokens of invested projects. This mechanism ensures that the tokens of invested projects are locked for the long term, preventing project teams or early investors from dumping large amounts of tokens in the short term, thus reducing pump & dump risks and providing a more stable development environment for projects.
• DAO governance: Hectagon is a decentralized autonomous organization. Simply put, major project decisions are not made by a few people, but are decided collectively by HECTA token holders through voting. This includes which projects to invest in, how to allocate funds, etc. It’s like a company where shareholders can directly vote on operational strategies.
• BNB Smart Chain (BEP20): Hectagon’s token HECTA runs on the BNB Smart Chain. BNB Smart Chain is a popular blockchain platform known for its fast transaction speeds and relatively low fees, providing efficient and economical infrastructure for Hectagon’s operations.

Tokenomics

The core of the Hectagon project is its native token HECTA.

• Token symbol: HECTA
• Issuing chain: BNB Smart Chain (BEP20 standard)
• Total supply: 20,000,000 HECTA (as of August 12, 2022)
• Token utility:
  • Investment credential: Holding HECTA tokens is the “ticket” to participate in early investments on the Hectagon platform. The more HECTA tokens you hold, the more you can indirectly participate in investments from the Hectagon treasury.
  • Governance rights: HECTA tokens grant holders the right to participate in project governance, such as voting on investment decisions. This means you can have a say in which projects Hectagon invests in and participate in decision-making.
  • Profit sharing: When projects invested by the Hectagon treasury succeed, HECTA holders can share in the investment returns.
  • Dual protection: HECTA tokens also provide “dual protection.” They are not only membership and governance voting rights, but HECTA can be exchanged for other tokens in the Hectagon treasury. This means that even if HECTA’s price drops, users can still obtain the value of other project tokens in the treasury.
  • Community rewards: Hectagon also has a community reward system, encouraging HECTA holders to earn extra income by providing value-added activities such as marketing, community growth, and design.
• Token allocation: In Hectagon’s tokenomics design, 85% of the token supply is allocated to the community. This allocation aims to promote decentralized governance and encourage more people to participate in the protocol.
• Circulation info: As of August 12, 2022, CryptoRank shows HECTA’s total supply as 20 million, but circulating supply is not specified. Coinbase showed circulating supply as 0 in 2022, but this is old data and may not match actual trading conditions. Actual circulating supply should be checked via the latest block explorer data.

Team, Governance & Funds

• Core members: Hectagon’s CEO and founder is Linh Han. He was listed in Forbes Asia’s 30 Under 30 (2020) and has 10 years of experience in investment, finance, and entrepreneurial development. He is also co-founder of Vietnam’s first accelerator and early-stage VC firm, VSV Capital.
• Team features: Hectagon’s team consists of experienced investors, builders, and contributors dedicated to making early-stage Web3 investment easier.
• Governance mechanism: Hectagon adopts a DAO (Decentralized Autonomous Organization) governance model. This means HECTA token holders can vote on major project decisions, such as which Web3 projects to invest in. This model aims to ensure the community has a say in the project’s development direction.
• Treasury & funds: Hectagon builds its treasury through users buying and holding HECTA tokens. The treasury funds are managed by a professional team and used to invest in promising early-stage Web3 projects. Hectagon has also received investment from experienced blockchain and crypto industry institutions such as Mistletoe.

Roadmap

Sorry, no detailed, timeline-based historical milestones or future roadmap for the Hectagon project were found in publicly available information. Typically, a project’s roadmap details its development stages, feature releases, partnerships, etc. It’s recommended to check Hectagon’s official website or community announcements for the latest and most detailed roadmap information.

Common Risk Reminders

Investing in any blockchain project comes with risks, and Hectagon is no exception. Here are some common risk reminders—please pay attention:

• Market risk: The cryptocurrency market is highly volatile, and HECTA token prices may fluctuate sharply due to market sentiment, macroeconomics, regulatory policies, and other factors.
• Project investment risk: As a Web3 venture capital fund, Hectagon’s returns depend heavily on the success of its early-stage investments. Early-stage projects have a high risk of failure; if Hectagon’s investments perform poorly, it may affect the value of HECTA tokens.
• Technical & security risk: Although Hectagon uses smart contracts for investment management, smart contracts themselves may have vulnerabilities. In addition, blockchain platforms (such as BNB Smart Chain) may face technical risks such as network attacks or congestion.
• Liquidity risk: If HECTA tokens have insufficient market trading volume, it may lead to poor liquidity, making it difficult for users to buy or sell tokens when needed.
• Regulatory risk: Global regulatory policies for cryptocurrencies and Web3 projects are still evolving. Any new regulations in the future could impact Hectagon’s operations and the value of HECTA tokens.
• Governance risk: Although DAO governance aims for decentralization, if token distribution is too concentrated or community participation is low, a few large holders may control decisions, affecting the project’s fairness and transparency.

Please remember, the above information does not constitute any investment advice. Before making any investment decisions, be sure to conduct thorough independent research and consult a professional financial advisor.

Verification Checklist

To learn more about the Hectagon project, you can check the following information:

• Block explorer contract address: Search for the HECTA token contract address on BNB Smart Chain block explorers (such as BscScan) to view token holder distribution, transaction records, etc.
• GitHub activity: If the project has a public GitHub repository, check code update frequency, number of contributors, etc., to assess development activity.
• Official website: Visit Hectagon’s official website for the latest project announcements, team updates, and partner information.
• Community forums/social media: Follow Hectagon’s official accounts and community on Twitter, Telegram, Discord, etc., to learn about community discussions and project progress.
• Audit reports: Check if any third-party institutions have conducted security audits of Hectagon’s smart contracts; audit reports can help assess contract security.

Project Summary

Hectagon (HECTA) is an innovative Web3 project dedicated to breaking the high barriers of traditional early-stage venture capital through DAO governance, giving more ordinary investors the chance to participate in the growth of Web3 startups. It uses the HECTA token as both an investment credential and governance tool, and locks invested project tokens via smart contracts, aiming to provide a fairer and more stable early investment environment for the Web3 ecosystem.

Hectagon’s uniqueness lies in its “zero threshold” philosophy and the comprehensive value-added services it provides to invested projects, making it not just a funder but an active ecosystem builder. However, as a blockchain project, Hectagon also faces challenges such as market volatility, investment risk, technical security, and regulatory uncertainty.

Overall, Hectagon offers an interesting decentralized solution for early-stage Web3 investment, with a model that could bring new opportunities to ordinary investors and provide more comprehensive support to startups. But please remember, cryptocurrency investment is highly risky—be sure to conduct thorough research and fully understand all potential risks before participating. This is absolutely not investment advice.

For more details, users should research Hectagon’s official materials and community information themselves.