The price HedgeTrade today is 0.897506 USD, and the trading volume in 24 hours - 73,116 USD. The crypto asset has grown by -0.29% over the day. Currently, the coin’s market capitalization is 312,988,585 USD, and has 348,731,468 coins in circulation with the max supply of 106,198,216 coins HEDG.
What is HedgeTrade?
The HedgeTrade platform and the HEDG token are at the heart of a blockchain-based system that aims to allow its users to get high-quality market forecasts in the world of trading cryptocurrencies and other assets.
Launched in 2019, the HedgeTrade platform positioned itself to support the social trading revolution with blockchain technology, and its rapid growth caught many in the crypto market by surprise. The app was specifically created to provide crypto traders with analytical data on cryptocurrency trading, forecasts and educational content. With HedgeTrade, more experienced users are provided with a platform that allows them to share their knowledge and acquire some HEDG tokens in the process of providing accurate information.
At the same time, less experienced users can buy trading forecasts packaged in the form of so-called drawings, which are additionally protected by HedgeTrade smart contracts. Over time, the knowledge gained in this way should allow these users to engage in professional trading on their own, especially with the help of market tools provided by HedgeTrade for both professionals and beginners.
Who is behind the launch of HedgeTrade?
The sale of tokens for the project took place at the end of 2018 under the auspices of the company Rublix, which offers financial technology products in combination with the implementation of the blockchain. Key personnel behind this project include Dave Waslen (CEO, Co-founder), Peter Daniel (lead Developer, co-founder), and Frank Daniel (COO).
What is the value of HedgeTrade?
While HedgeTrade primarily deals with cryptocurrencies, it also seeks to expand the reach of various interchangeable assets. Its goals are largely determined by the perceived shortcomings that developers have identified with existing predictive trading systems.
HedgeTrade aims to improve what traditional trading systems have to offer in terms of their usefulness to both regular and novice users. While potential traders may seek advice from a variety of people promoting themselves as experts, they are actually putting their financial destiny in the hands of a few, with little or no guarantees. Here, the most inexperienced traders carry the greatest risk, since all the subtleties of asset trading are not learned overnight. Instead, HedgeTrade aims to bring together experienced and potential traders and secure predictions on the blockchain. This is combined with a reward system that can force professional consultants to stick firmly to their recommendations. If the prediction is confirmed, the person who made it will receive a profit from buyers. In case of incorrect forecasts, users who bought the forecast will receive compensation from those who made the forecast.
As HedgeTrade seeks to democratize access to the trading experience, it creates an ecosystem based on a win-win situation in which users of various profiles enjoy a high level of protection against manipulation and unplanned financial losses. Today, traders who offer advice and access to their data-based forecasts are in no way bound by an obligation of accountability to those who call on their services, other than their interest in preserving their reputation. This has created a need for HedgeTrade to offer a secure fair play environment that not only minimizes risks for users, but also restores their faith in trading as a business practice.
Finally, with HedgeTrade, users should rely less on brokers and third-party financial institutions, which will allow them to try their hand at trading without having access to significant funds and regardless of their geographical location. Over time, these benefits should bring HedgeTrade and similar platforms to the forefront of the blockchain-based digital economy.
HedgeTrade's Basic Economic Model
Despite concerns about trading-related information, it is currently not possible to actually trade cryptocurrencies or other assets on the HedgeTrade platform that resembles a cryptocurrency exchange. The reason for this is that HedgeTrade is about providing access to information, not specific assets. The only thing that resembles real trading is HEDG token trading, which takes place in the following situations:
- HEDG tokens can be purchased for BTC
- HEDG is required when submitting a drawing for evaluation and sale
- When the user buys a real drawing with trade information
If the system evaluates the drawing as correct or incorrect after its expiration date. There is also a neutral state of the circuit, which occurs if the entry point value has not been reached within a set time period.
How many HEDG coins are in circulation?
As of January 2021, there are about 339 million HEDGs in circulation out of the total planned supply, which is limited to 1 billion tokens.
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