HedgeTrade, a crypto social trading ecosystem, today announced the full launch of its platform. HedgeTrade released its invitation-only Beta in December 2019 and opened the Beta in March 2020. Over 2,000 people have registered, forming an active trading community posting and purchasing crypto market predictions (Blueprints) — with earnings potential on all sides of the exchange.
A user-friendly, engaging open market for trading insights that aligns the goals of expert and amateur users, HedgeTrade allows experienced traders to earn HEDG tokens from their Blueprints and build a reputation based on a unique ranking system that measures the quality of their predictions. Novice users benefit by purchasing or unlocking the Blueprints — which are trading predictions with specific entry and exit points — that can be used to make their own cryptocurrency trades.
If the prediction proves correct, the trader who created it gets her stake back and earns the proceeds from the purchasers. Otherwise, the Blueprint buyers will be refunded their tokens, with the first seven buyers earning a share of the lost stake as well.
“The HedgeTrade platform was built for and by traders as a place for crypto trading novices and experts to come together, share ideas, and earn tokens,” David Waslen, CEO & Co-Founder of HedgeTrade said. “In times of global economic uncertainty, people are looking for reliable information and our platform is all about transparency. You can always check the performance of users posting Blueprints and with the way our rewards are set up, users pay only for useful, accurate predictions.”
HedgeTrade has worked closely with its user community and based on feedback added a leaderboard function so you can see at a glance the top three traders for the past 1 month to 1 year. The leaderboard can be sorted by Percentage Gained, Success Rate, Average Profit Potential, Blueprints Closed, and HEDG Earned. HedgeTrade also recently added a Follow the Trader function so users can stay aware of when their favorite traders have posted new Blueprints.
Users can track a trader’s success rate before choosing to purchase a Blueprint, and all metrics are indelibly tracked on the Ethereum blockchain. Metrics are based on actual performance, so when a user buys a Blueprint that is not correct, they get their money back and a chance to make a small profit from the trader’s lost stake. In that way, users only pay for good information.
The HedgeTrade ecosystem is fueled by HEDG, an ERC-20 token built on the Ethereum Blockchain. HEDG tokens are earned by posting accurate trading predictions and also through the platform’s Affiliate Program, which rewards content publishers and market experts for sending users to register for the platform. Users may withdraw their HEDG tokens at any time and send them to a supported exchange to sell or trade into another digital currency.
HedgeTrade is brought to you by Rublix Development, a software development company that is building blockchain-powered tools to fuel the next generation of FinTech projects.