Tokenization, using real-world assets (RWA) to create blockchain tokens, will play a significant role in the future of cryptocurrencies. We are already seeing this trend develop with projects like HedgeUp (HDUP), which are creating competition for legacy crypto assets like Ethereum (ETH) and Ripple (XRP).
Here is a closer look at each and how HedgeUp (HDUP) changes the game.
Ripple (XRP): international remittances
Ripple (XRP) was launched in 2012 by a company called Ripple Labs. The project, which was initially called OpenCoin, includes the Ripple payment protocol and the XRP cryptocurrency.
Ripple (XRP) was designed to facilitate fast and efficient cross-border transactions. But unlike traditional banking systems, the solution runs on a decentralized payment protocol called RippleNet.
Since its launch, Ripple (XRP) has partnered with many banks, payment providers, and other financial institutions. However, it has also faced a good amount of legal issues that are still being resolved to date.
These haven’t stopped XRP, Ripple’s native cryptocurrency, from becoming one of the biggest crypto assets. The cryptocurrency currently trades at $0.530942 and has a market cap of more than $25 billion.
Ethereum (ETH): smart contracts and dApps
The Ethereum (ETH) project is one of the most revolutionary crypto projects ever made. The development of the protocol began in late 2013. And since its launch on June 2015, it has gone on to become the most influential project in the crypto space.
The Ethereum (ETH) protocol introduced the world to smart contracts. This is a revolutionary concept that allows developers to create decentralized applications (dApps). As a result, it has gone on to become the center of decentralized finance (DeFi), which greatly relies on smart contracts to function.
ETH is Ethereum’s native cryptocurrency. Thanks to the blockchain’s successes, ETH is now the second-largest crypto asset. It is currently trading at around $1880 and has a market cap of well over $200 billion.
HedgeUp (HDUP): tokenization of RWAs
HedgeUp (HDUP) is a much newer project than Ripple (XRP) and Ethereum (ETH). In fact, it is yet to launch officially, and its presale went live less than two months ago. Despite that, the project has got the market talking. This is because of the game-changing platform it has been developing over the past few months.
HedgeUp (HDUP) is building an investment platform. But unlike other protocols in the crypto ecosystem, this platform doesn’t let you invest in cryptocurrencies. Instead, it gives you exposure to alternative assets like precious metals, rare artwork, valuable jewelry, and more.
HedgeUp (HDUP) accomplishes this by tokenizing RWA into NFTs and making these asset-backed NFTs available to investors to trade. By interacting with these NFTs, users will be exposed to the underlying physical assets. Investors can also make fractional purchases. This involves buying a slice of an asset instead of the whole thing.
According to crypto experts, HedgeUp’s unique approach to tokenization has made it one of the best upcoming DeFi projects.
The HedgeUp (HDUP) presale has been live for many weeks now. It is currently in stage four, with the HDUP token available for $0.036. On top of buying into a promising project, investors who buy the presale get 30% extra tokens.
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