What Is HedgeTrade and How to Buy HEDG?
What is HedgeTrade?
HedgeTrade was launched in 2019 and currently works in conjunction with the decentralized application of the same name which provides cryptocurrency market analysis, predictions, and educational material for novice traders. The project's ICO was held from September 15 to October 15, 2017, and the developers raised $ 15 million for 60% of the total emissions, which amounted to 1 billion HEDG. HedgeTrade's primary goal is to serve as a bridge between experienced and successful traders and novice traders, acting as a transmission mechanism for the experience of proven traders while also helping new members of the market that can generate profits thanks to HEDG. This way, they turn knowledge and advice for operations in the financial market into a product that is more efficient and secure than the consultancies provided by individuals that happen without any auditing mechanism beyond word-of-mouth reputation.
How HedgeTrade works
HedgeTrade is one ofcryptocurrencies with the most innovative system on the market. It offers a mechanism for expert traders to share their trading advice through investment "plans", marketable within the platform. These blueprints are purchased by novice investors, using HedgeTrade coin as the payment currency thus creating a smart contract between the experienced blueprint designer trader and the novice trader who acquires it. The latter starts to participate in the market using the tools provided by the application itself.The smart contract is executed in one way or another according to the results of the investment. If the prediction of the experienced investor turns out to be correct, he will receive adequate remuneration, with the HedgeTrade of the novice traders. But on the contrary, if the prediction turns out to be wrong, all the buyers of the investment plan get a refund of their money.Therefore, expert traders have an incentive to create the most accurate blueprints possible when all the operations are carried out on the blockchain, and the record of its successes and errors is public. Giving bad advice to novice traders may affect experts’ reputation and then prevent them from profiting from the sale of blueprints.Currently, the HEDG token is used in the HedgeTrade crypto project as an economic intermediary and reward in the interaction of professional traders and their clients and as a good tool for earning on exchange rate fluctuations on several cryptocurrency exchanges, where it is located. The coin is in demand due to the popularity of the platform for social trading. This blockchain project, which managed to form a large community of fans around itself and brought the token to good performance in terms of capitalization and price tag. The more often people use the services of smart contracts with forecasts, the more HedgeTrade coin itself costs. At the moment, it attracts more and more attention of speculators. With a small price tag, it is available to everyone and large volumes of purchases allow some traders to capture very tangible profits.
Advantages and disadvantages of HedgeTrade crypto
+ The concept behind HedgeTrade is without a doubt revolutionary. It generates a whole new interrelation dynamic between expert and novice traders and having a totally different sector of society as a target market. In general, the project is very promising and continues to improve the idea of social trading, for which there really is a demand in the modern sphere of trading highly profitable assets. The HedgeTrade blockchain project provides an opportunity to earn for those who already have knowledge and experience. At the same time, it is a good option for those who are just taking their first steps in the field of trading and would like to not just automatically copy another trader, but also learn their logic, tactics, and strategy. HedgeTrade crypto does not face great competition and has occupied a comfortable place as a very niche and deeply professional project. This has allowed it to quickly position itself among the top 50 crypto assets in the world.
- The main challenge for HedgeTrade cryptocurrency is the young nature of the platform. HedgeTrade is one of the newest cryptocurrencies on the market. Therefore, it requires a significant diffusion effort to begin to be known by the main actors of the crypto world. It still needs to be added to listings of many exchange platforms. The developers need to be more active as well. Another disadvantage of the project is its closeness. The network does not have a “white paper”, or “road map" by which HedgeTrade will develop. For unknown reasons, the registration on the HedgeTrade website is closed, new users are asked to indicate the email address, which, apparently, should be sent an invitation to register when it opens.
Where to buy HEDGE coin
The options for HedgeTrade coin are rather limited due to the young age of the cryptocurrency but it's only a matter of time. At the time of publication, the HEDG coin is available on Bittrex, STEX, CoinTiger, and others. The majority of trading is represented by the pair with BTC reaching approximately 83 percent, with Ethereum coming second with 16 percent. The remaining 1 percent consists of BCH, BNT, and cryptocurrencies like USDT. You can also get HEDGE coin on the SwapSpace cryptocurrency exchange aggregator, which is a quick and easy way to obtain the required amount of HEDG.
How to exchange HEDG coin on SwapSpace?
- On SwapSpace homepage, select HEDG in “You send” section and the cryptocurrency you would like to receive in “You get” section. Enter the amount of HEDG crypto you want to exchange.
- Choose the instant exchange service that suits you most.
- Specify the recipient address and check if all the data is correct.
- Send your HEDG coins to the address you will see on the screen.
- Wait until the exchange is complete.
Where to store HEDGE coin
Since this project is yet another ERC-20 token, your options include online wallets like Metamask and MyEtherWallet, mobile ones like ImToken, or hardware wallets, such as Ledger, KeepKey, and Trezor.