A member of the LGBTQ community has founded one of the most comprehensive ecosystems in Web3. Called HedgeUp (HDUP), this ecosystem is set to rival long-standing projects like Shiba Inu (SHIB) and Dogecoin (DOGE).
As further evidence of this, the token HDUP, which is in presale, has been attracting lots of investors, even those from Dogecoin (DOGE) and Shiba Inu (SHIB).
Alternative Assets In Crypto
HedgeUp’s (HDUP) ecosystem will support its centerpiece – an alternative assets trading platform. According to the founder, they created this marketplace to provide a platform where crypto investors can conveniently invest in alternative asset classes like precious metals, rare drinks, artwork, and valuable jewelry.
To make this happen, HedgeUp (HDUP) plans to partner with a few established startups and vendors to tokenize assets into non-fungible tokens (NFTs). These NFTs will act as representations of the assets on the blockchain. So when people trade them, they will be trading a slice of the underlying product.
There is also the HDUP token, which serves as the official currency for the ecosystem. Once the marketplace is live, investors will be able to use HedgeUp (HDUP) to purchase asset-backed NFTs. They will also use it to pay for trading and transaction fees and for voting on the HedgeUp (HDUP) DAO.
The HedgeUp team says that HedgeUp (HDUP) holders will get many benefits within the ecosystem. These perks vary depending on how much HedgeUp (HDUP) one holds. However, some general benefits include discounts on fees and services and access to HDUP’s online masterclass. Investors have the opportunity to accumulate HedgeUp (HDUP) via the presale.
Speaking of the masterclass, HDUP’s ecosystem includes an education platform. Here, HDUP holders will receive tips from seasoned investors. These include exit strategies, industry disruptors, and having the right mindset when making investment decisions.
All these will be built on the Ethereum blockchain. However, the project has hinted at the possibility of moving to the Binance Chain and Stellar protocols in the future.
Rivaling Established Cryptocurrencies
Very few projects have managed to create anything as robust as what HedgeUp is trying to build. Most crypto projects suffer from a lack of enough utility to make them worthwhile. This is the case for even established cryptocurrencies, like Shiba Inu (SHIB) and Dogecoin (DOGE).
With a market cap of more than $10 billion, Dogecoin (DOGE) is the 8th biggest cryptocurrency. However, much of its value is down to pure speculation. Dogecoin (DOGE) is a meme coin. It does have some utility – Tesla and SpaceX accept Dogecoin (DOGE) payments for certain merchandise, but this doesn’t constitute a real ecosystem.
Things are even more underwhelming for Shiba Inu (SHIB). The token has a market cap of more than $5 billion but no real utility or ecosystem to support it. While the Shiba Inu (SHIB) team is attempting to create some of that, it is still a long way off and pales in comparison to HedgeUp (HDUP).
This is probably why many Dogecoin (DOGE) and Shiba Inu (SHIB) investors have been buying HedgeUp (HDUP).
Click the links below for more information about HedgeUp (HDUP) presale:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
