What is HedgeTrade (HEDG)?
HedgeTrade is a platform that brings together experienced traders and newbies looking for advice on investing in stocks, cryptocurrencies, and other assets. The goal of the network is to create an atmosphere of openness and reliability so everyone can benefit from increased market knowledge, trading acumen, and financial gains.
HedgeTrade's blockchain technology enables traders to input their predictions into a smart contract-based Blueprint that can be bought by users. If the forecast is correct, the trader is compensated. If it isn't – purchasers are refunded. The accuracy of the outcomes relies on real market data, and this reward and verification system encourages traders to strive for success and maximize earnings potential.
Every Blueprint on the platform is created with the parameters set by traders through its web application. When someone buys it, the execution of that Blueprint influences the trader's rank, reputation, and HEDG earnings. By including smart contracts in Blueprints, there is a strong degree of verification and transparency regarding an analyst's capability which then affects their ranking and profits. To know the value of these earnings, you can check the live chart above for the latest HEDG price.
The Proof-of-Rank algorithm used by the platform is a complex system of equations that gives each trader an overall score on the platform. This proprietary algorithm evaluates and measures the accuracy of each Blueprint's predictions. Oracle serves as a validator, sending data to the blockchain which is used by smart contracts. When a certain value is reached, it triggers an event automatically. At the same time, it preserves verifiable integrity with its proof of authenticity.
The HEDG crypto token is the native utility and governance asset of the platform. Check the live HedgeTrade price chart above to can see the current HEDG price.
Use Cases of HEDG Tokens
The HEDG coin can be staked as the platform delivers a high-profit margin for both predictors and audience purchasers.
However, in the future, the platform plans to experiment with other Blueprint staking mechanisms. These additional options will encourage users to utilize their tokens on the platform through a tiered payout model. This model will rely on a user's Proof-of-Rank calculation, HEDG token staking in each Blueprint, and the number of HEDG tokens currently held in their wallet.
If you're interested in acquiring HedgeTrade crypto assets, don't forget to check the HedgeTrade price chart. Knowing the main movements in the HEDG price will help you make more-informed trading or purchasing decisions.
Who Founded HedgeTrade?
The platform was founded by Dave Waslen, Frank Danihel, Peter Danihel, and Rhys Boulanger. Four of them also founded the Rublix Development company, which is the mother company of HedgeTrade. Dave Waslen serves as the CEO of the company, while Frank is the director of operations. Peter works as the lead developer and Rhys leads the marketing team. Together they bring their experience to build and run the company.
HEDG Tokenomics
There's no set max supply for HEDG tokens. However, the initial supply was distributed as follows – 50% went towards the initial private and public token sales, 10% was dedicated to the seed round, 20% to partnerships and community-building activities, and the remaining 20% was set aside for future sales, staff compensation, and other corporate matters.
Don’t forget to check the live HedgeTrade price chart above.
