As cryptocurrency adoption touches new highs, blockchain innovators are looking for new ways to help crypto users generate wealth. Hence, you can see a flurry of cryptocurrency platforms that enable their users to do more than just invest, be it building dApps, play-to-earn games, trading NFTs or even engaging with metaverse companies. HedgeUp and Ethereum are among the crypto platforms that have been getting rave reviews for their multiple use cases and versatility. Even if you are new to the crypto universe, you can easily see how functional these platforms are simply by looking at some online resources.
HedgeUp: Unleashing the potential of alternative investment products
The HedgeUp platform is a unique service that enables crypto users to invest in alternative investment products like wine, luxury watches, art, gold, and aviation. The $HDUP platform acts as a bridge between crypto users and the global markets. The key advantage of alternative investment products is that one doesn’t have to worry about protecting their returns against market volatility because of a diversified portfolio. With HedgeUp, crypto enables will be able to park their funds in a basket of products that acts as a hedge against market volatility.
The platform has also rolled out a native token called HDUP for facilitating various transactional purposes like staking, distributing rewards, voting rights, funding marketing activities, and liquidity management. The HDUP token will be made available on presale for interested buyers. The token’s supply has been capped at 999,000,000 units and 35% of the supply has been set aside for presale. The remaining token supply is divided between different uses to support the platform’s growth. These categories are marketing, staking and rewards, charitable donations, exchange listings, founders and team members, advisory, and partners.
To ensure that its users get the best of opportunities, HedgeUp plans to team up with startups to facilitate their market entry into the niche alternative investment sector. HedgeUp’s analysts and experts will strike deals with third-party vendors who supply these investment products. Once the deals are finalized, these products will be uploaded on the HedgeUp marketplace. Every item purchased will be secured in an insured and licensed vault. Another arning opportunity that crypto users get via HedgeUp is through its NFT collection. Users have the option to either buy an individual asset or a basket of investment products featured in the NFT collection. Also, they can opt for fractional ownership – that means buyers don’t have to buy the entire NFT, but just a small percentage of it.
As HedgeUp has a policy of incentivizing participation, users can look forward to rewards for engaging with the platform. For instance, token holders who stake and lock their HDUP tokens will get rewarded. A key USP of the platform is HedgeVerse, wherein HedgeUp will be partnering with metaverse companies to facilitate better communication and trade for its users. HedgeVerse will be a platform where institutions and investors could communicate via SocialFi and boost business logistics.
Many cryptocurrency analysts have been rooting for HedgeUp because of the former’s unique use case that enables crypto users to explore the potential of the alternative investment products space. Plus, with opportunities like an NFT collection and rewards for participation, users can look forward to potentially huge returns.
Visa researchers roll out smart contracts dApps on Ethereum
Ethereum is a decentralized technology for building dApps, virtual machines, and other kinds of decentralized products and services. It also powers a cryptocurrency called ETHER/ETH. ETH is the main cryptocurrency on its network and comes in handy to deal with various transactional obligations. The platform recently hit the headlines after it switched to a proof-of-stake consensus algorithm from proof-of-work in a massive software upgrade that was referred to as ‘The Merge’. With the upgrade, the Ethereum network was able to cut down energy consumption and related costs by a significant margin roughly 99%.
In a recent development, a group of researchers and engineers from Visa have developed a smart contract dApp on the Ethereum network. Built for self-custodial wallets, the dApp enables its users to get programmable instructions for payments from their bank account. These instructions could be for mundane payments like automated bill payments. A merchant would first have to deploy an automated payment smart contract for their website. When a user visits the website, they will be asked for permission to approve the auto-payment service. The dApp focuses on the idea of Account Abstraction (AA), which makes Ethereum users’ account function more like smart contracts. This is done by enabling users to set up programmable features on their wallets.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
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