Discover How HedgeUp (HDUP) and Chainlink (LINK) Raise the Bar in the Investment World – Analytics Insight
Leaving the ghosts of 2022 behind, the cryptocurrency market has rung in the New Year on a promising note. With new products in its kitty, the market continues to be a draw for crypto enthusiasts worldwide. While there is never a dull moment in the crypto market, crypto users’ preferences are always changing and the current flavor seems to be cryptocurrencies that can help one do more than just invest. Take the example of HedgeUp, which is a decentralized platform that opens up access to alternative investment products. More cryptocurrency users are opening up to products with multiple uses – be it something as simple as play-to-earn games or as complex as building dApps.
Here’s a look at two cryptocurrency platforms: Chainlink and HedgeUp, which have been drawing users in large numbers because of their versatile functionalities.
HedgeUp: Unleashing the potential of alternative investment products
HedgeUp is a decentralized platform that enables cryptocurrency users to explore alternative investment products like luxury watches, art, aviation, gold, and wine, among others. With HedgeUp, crypto users get to invest in a basket of alternative products which can act as a hedge against market factors like volatility and inflation. Another benefit typically associated with alternative investment products is that can help to diversify one’s portfolio and fetch enhanced returns. According to the research done by the HedgeUp team, by choosing a “basket” of alternative investment products, crypto users can look forward to earning average returns ranging between 28% and 36%.
The platform has also rolled out a native token called HDUP that can be used for a wide range of transactional purposes on the network including staking, accessing rewards, charitable donations, and securing voting rights. The $HDUP Token will be available on presale and its total supply has been capped at 999,000,000 units. While the platform does not levy any taxes on the purchase of the $HDUP Tokens, users should know that the tokens purchased on presale have a vesting period. For instance, if a buyer purchases $HDUP Tokens during presale stages 1-6, the tokens would be locked for three months. If one purchases $HDUP Tokens in presale stages 7 and 8, these tokens will be locked for a month.
A key USP of the HedgeUp platform is its governance structure – HedgeUP DAO which is based on the decentralized organization autonomous (DAO) model which has a community-driven focus. Under the model, community members are encouraged to voice their concerns about the team’s plans for the $HDUP Token. Token holders are entitled to exclusive voting rights and can voice their opinion on operational matters. With HedgeUP DAO, the platform aims to streamline its liquidity allocation and supervise investment baskets while …….