Hedget HGET Price 0.11801646

What is Hedget?
Hedget is a non-custodial option protocol. There is a The Hedget team believes that the development of global options markets is the next step for Defi platforms. With the ability to hedge against volatility in both directions, these platforms will be able to protect themselves against insolvency. There is a The team is focused on using the capabilities of several different blockchains. Hedget has an implementation for both the Binance Smart Chain as well as a separate one. There is a The long-term vision of the Hedget foundation is to provide development and stewardship of the platform over the next several years, eventually establishing a DAO which will govern the rules and mechanics of the platform. There is a There is a
The Hedget token is a native utility and governance token.
The governance token of the Hedget platform is HGET.

The HGET token can be used for several things on the platform.
When margined options are implemented, the HGET token will be used as a security measure and reputation engine. HGET token will be used to purchase fully collateralized options as a hedge in case of Capital insufficiency risk, if options writers wish to offer options without providing 1:1 collateral.

There is a fee structure for hedge protocol.
The taker fee is 0.04% of underlying. The maker fee is 0.05% of underlying. The difference between Taker and Maker fees will go to a special reserve which will be locked until a DAO is established. A settlement fee of 0.05% will be paid by the option buyer. The 0.05% settlement fee will be paid by the system from the liquidity mining pool in the first 3-4 years, rewarding option writers and reducing total fees for the option buyer.


HGET token is used for circulation.
The maximum token supply is 10,000,000 HGET.
During the TGE, 1,717,170 token were created and distributed between private and public sale buyers as well as the team in accordance with the Whitepaper.
The ERC20 HGET was burned on the Mainnet and will be issues on the Smart Chain in January.