Cryptocurrency

An in-depth guide into HedgeTrade

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For a long time, crypto trading seemed exclusive only to those familiar to tech and finance. It didn’t help beginners that it was inaccessible and complex to understand. Fortunately, there are plenty of ways to invest in crypto and gain regular profit from it today. One of the modern and easiest ways to trade crypto nowadays is through social trading platforms such as HedgeFund.

Its sophisticated and seamless trading platform helps trading novices not just follow and learn from expert traders but also generate profit effortlessly. Through this blockchain-based application, you’ll be able to learn the basics of the crypto trading industry with trusted professionals guiding you along the way. Find out more about HedgeTrade, its coin and everything else it has to offer here at BTC Post!

What is HedgeTrade?

HedgeTrade is a social trading platform where new and experienced crypto traders interact and share trading predictions. Here, traders who have foreground knowledge can help novice traders make a profit by putting their trade forecasts called ‘blueprints’ on sale. In exchange for providing accurate predictions, expert traders receive HEDG tokens that can be converted into other crypto and fiat currencies.

Before anything else, blueprint creators need to stake a certain amount of their own HEDG before they can post trading predictions for sale. Afterwards, those who are new to the world of crypto trading can buy these blueprints so they can benefit from the expertise of veteran traders.

If the prediction turns to be correct, the buyers enjoy the profit of their trade while blueprint creators receive the payments from those who purchased their blueprint. If the prediction does not come to fruition, the buyers receive all of their tokens back and creators either lose or receive their stake.

Built on the Ethereum blockchain, HedgeTrade utilises smart contracts in securing the trades and blueprints done on its platform. Once a blueprint is confirmed, it’s uploaded on the blockchain as a self-executing smart contract. You can verify the record for yourself by clicking the link on the transaction page that leads you to Etherscan where Ether transactions become viewable upon confirmation.

HEDG: The native token

HedgeTrade also comes with their own native token called HEDG. To create and buy blueprints, you need to have HEDG or Bitcoin funds in your account first. You can purchase HEDG using crypto or fiat currencies on exchange sites such as CoinTiger, HitBTC and Bittrex.

HEDG also plays a role in maintaining security aside from being the native token of the platform. It ensures that every blueprint is decided with careful thought and intent. With their own tokens staked, traders will ensure their prediction is based on careful analysis before creating a blueprint and asking people to buy it.

Brief background

Rublix, a software development company based in Singapore, launched HedgeTrade in 2019 as a part of their ecosystem that focuses on providing accessible trading services to the general public. They specialize in creating products and services that utilize blockchain technology. Through HedgeTrade, Rublix made smart contracts-based trading possible, allowing both retail customers and high-frequency traders to conduct their business on one platform. Using smart contracts is essential in offering a seamless service that leaves no room for error.

Blueprints

The core of HedgeTrade’s services lies in blueprints. These are trading predictions on specific crypto pairs such as BTC/USD and ETH/USD to name a few. On the HedgeTrade platform, anyone with a substantial HEDG or BTC fund on their account can create a blueprint. Once posted on the Blueprint Market, the blueprint becomes available for purchase to other traders.

Within the blueprint, you’ll find trading information such as the trading pair, the exchange site where the trade will be processed, and the entry and exit points on a market. If you buy a blueprint, this trade will come into effect once the market enters the stated entry point. The blueprint creator also includes the expiration date of a blueprint. It becomes active for a minimum of 24 hours to a maximum of 365 days.

Staking

To create a blueprint, you need to stake a certain amount of HEDG tokens as a form of insurance to those who will purchase it. Once the blueprint expires, the staked tokens will be transferred either to the creator or purchasers depending on the outcome of the blueprint.

Creators decide how much they are willing to stake when creating a blueprint. The price of the blueprint depends on the stake. The bigger the stake, the more expensive it’ll be for other traders.

However, a more substantial stake also means a higher return to the creator since if the blueprint is successful, they will receive all of their stakes back as well as the tokens from its sale. The inverse also applies to the stake. If the blueprint does not come through, the creator loses the stake and it will be distributed among the purchasers.

Blueprint outcomes

There are three possible blueprint outcomes that determine which party receives the staked tokens. A blueprint is considered closed when it reaches the expiration date or the exit price. Once it’s closed, the trade can either be successful, failed or neutral.

  1. Closed, successful

If the trading pair hits both the entry and exit prices, the blueprint is deemed successful. The creator receives the total sale of the blueprint and HedgeTrade takes a small commission.

  1. Closed, neutral

A blueprint is considered closed and neutral if the trading pair does not hit the entry or exit price. In this case, the staked coins go back to the creator minus a small commission taken by HedgeTrade and all users receive their tokens back as well.

  1. Closed, failed

If the price of the trading pair hits the entry point but expires before reaching the exit point, the blueprint closes and fails. When this happens, the creator loses the staked tokens that are then distributed to the first seven people who bought the blueprint. All buyers will receive their tokens back, and the first buyers receive a share of the stake as an incentive.

Crypto trading made more accessible

HedgeTrade novel services have brought a new era into the world of crypto trading. Through this platform, members of the community can come together and help each other out to create a healthier and more robust market for everyone to enjoy.

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Cryptocurrency Market Capitalization
  • bitcoinBitcoin (BTC) $ 21,354.00 1.37%
  • ethereumEthereum (ETH) $ 1,228.51 3.23%
  • tetherTether (USDT) $ 0.999991 0.03%
  • usd-coinUSD Coin (USDC) $ 1.00 0.24%
  • bnbBNB (BNB) $ 239.66 3.05%
  • xrpXRP (XRP) $ 0.367165 2.55%
  • binance-usdBinance USD (BUSD) $ 1.00 0.14%
  • cardanoCardano (ADA) $ 0.510445 5.37%
  • solanaSolana (SOL) $ 40.67 1.44%
  • dogecoinDogecoin (DOGE) $ 0.074290 12.45%

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