HedgeTrade price is $0.01186172
The current price of HedgeTrade (HEDG) is $ 0.01186172. Over the last 24 hours it has decreased by -4.19%.
HedgeTrade is a decentralized prediction market platform that allows its users to make predictions on a variety of financial assets. Predictions are traded in the form of HEDG tokens, the platform's native cryptocurrency. This setup is designed to provide a benefit both to the predictors and those who buy their predictions. If the prediction is correct, the predictor is rewarded with the tokens paid by those who purchased the prediction. If the prediction is not accurate, the tokens are returned to the original buyers.
The team behind HedgeTrade is not clearly mentioned on their main website, hedgetrade.com. However, it's clear that it has been developed by a team of technologists and financial experts who aim to bring accuracy and legitimacy to prediction markets by harnessing the power of blockchain technology and cryptocurrencies.
HedgeTrade operates on the principle of trading predictions. A user, or even a financial expert, makes a prediction about the performance of a given financial asset and locks the prediction behind a smart contract on the platform.
These predictions are then purchased by other users using the HEDG token. If the prediction proves correct, the predictor is rewarded with the tokens paid by those who purchased the prediction. On the other hand, if the prediction is inaccurate, the tokens are returned to the person or persons who bought the prediction.
This system encourages accurate predictions because predictors are incentivized by the prospect of earning tokens for correct predictions. On the other hand, it protects those who buy predictions, as they will get their tokens back in case of an incorrect prediction.
HedgeTrade is unique in its approach to the prediction market. Through its decentralized platform, HedgeTrade aims to promote accuracy and transparency in the world of financial predictions, which can often be murky.
Its unique token-based reward-and-refund system protects buyers and incentivizes predictors to strive for accuracy. Moreover, it democratises access to expert financial predictions, which usually come with high fees or subscription costs.
The total supply of HedgeTrade (HEDG) tokens is 1000.0M. The number of tokens currently in circulation is .
You can buy HedgeTrade (HEDG) tokens in the Indodax, Bittrex, HitBTC, STEX. Please note that cryptocurrency investments come with their own set of risks, hence it's essential to do some research and practice due diligence before making any purchases.
The HedgeTrade platform is decentralized and uses blockchain technology for its operations, including smart contracts to manage the predictions and their outcomes. This ensures the transactions are tamper-proof and transparent, which is crucial for financial prediction operations.
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