HEDG cryptocurrency is a cryptocurrency asset of the HedgeTrade crypto trading platform. It acts as a platform where traders can share their knowledge and best practices. The HedgeTrade blockchain platform works based on the principle that traders create forecasts and publish them in Blueprint using smart contract technology to enable them to be sold to other users for coin HEDG. Traders will receive their monetary reward only if their forecast turns out to be correct otherwise the funds will be returned to the buyer.
Features and characteristics of HedgeTrade
The blockchain project HedgeTrade is a crypto network where users can share their predictions regarding changes in the value of certain assets (stocks, fiat, cryptocurrencies, commodities, financial indices). According to the authors of the site, their brainchild is a convenient tool created by traders for traders. Thanks to the technologies offered by the crypto platform, ordinary users will gain access to information from more experienced traders, which will increase the likelihood of making a profit when conducting various exchange transactions.
On the Internet, many similar web resources are offering similar functionality. However, the creators of HedgeTrade offered their users an unusual algorithm for monetizing traders’ predictions. Users selling their traders’ predictions on the HedgeTrade platform sell them for HEDG tokens. In this case, the tokens paid by the buyer will be automatically frozen until the end of the predicted event. The forecaster will receive his/her tokens only if his/her forecast turns out to be correct and the buyers get a profit thanks to this. If the forecast was wrong, and because of it buyers suffered losses, then, they will receive back the funds spent when buying the forecast.
Thanks to this algorithm, the principle of fairness of remuneration will be maintained. It will ensure that all participants in the transaction do not incur additional financial costs, regardless of the quality of the forecasts.
This blockchain trading platform was created by a team of programmers from the Singaporean company Rublix, which specializes in the creation of special financial projects and software products for the financial sector.
To start using the functions and capabilities of the HedgeTrade platform, you will need to do the following:
- purchase HEDG tokens using Bitcoin cryptocurrency through HedgeTrade. Also, for these purposes, you can use cryptocurrency exchanges to buy HEDG tokens for any other cryptocurrency or fiat money;
- to create a document called “Blueprint” inside the site, you will need to freeze tokens. This document will contain a trader’s forecast;
- as soon as the forecast execution time comes, the crypto network will automatically compare the information in the forecast with the actual situation, after which it will decide on the payment or non-payment of funds to the user acting as a forecaster;
- if the forecast turns out to be correct, the trader will receive HEDG tokens on his/her account as a reward. But if it turns out to be wrong, the funds will be returned to the buyer.
It is also worth noting that the authors of HedgeTrade promise to provide maximum performance indicators of the crypto platform, which guarantees fast financial transactions within the site. Due to the use of decentralized technical solutions, the likelihood of unauthorized access to traders’ forecasts will be excluded. Also, due to the specifics of the blockchain used, copyright protection will be ensured.
As for how HedgeTrade is mined, the mining of the token is impossible because this coin operates based on the POS software protocol. Therefore, it will not be possible to mine the token, including through cryptocurrency pools, designed to optimize the crypto mining process.
HEDG’s prospects
Given that cryptocurrency assets are especially dependent on speculative processes in the digital money market. The prospects for HedgeTrade cryptocurrency will depend not only on the actions of its creators but also on the market situation. At the same time, one cannot fail to note an interesting concept of the site, which focused on providing users with access to advanced tools that increase the likelihood of making a profit when conducting operations on the exchange with various assets and with crypt, in particular.
It should be noted that due to the low activity of the coin’s authors, one should not expect a burst of interest in it from the majority of participants in the cryptocurrency market. But with a competent and full-scale advertising campaign, the token will get a chance to grow.
Should you invest in HEDG now?
Despite the overall positive situation in the cryptocurrency market, you shouldn’t rush to invest a lot of funds in the HEDG token yet. It is primarily due to the recent appearance of the token on the market and its low popularity not only among users but also on exchanges.
Investing in this asset makes sense only for the long term. Since, while the project is actually in a state of freeze. So, only if a free registration is opened and a full-fledged advertising campaign begins, the HEDG coin can grow in value.
