After an eventful year, the cryptocurrency market is headed into 2023 with new hopes and new products in its kitty. However, a common theme that is seen doing rounds in the market is multiple use cases. More crypto users are gravitating towards cryptocurrencies and decentralized platforms that can enable them to do more than just invest. Be it developing dApps or participating in play-to-earn games, if you are a crypto enthusiast, there is more you can do with cryptocurrencies nowadays.
HedgeUp has been getting rave reviews from cryptocurrency analysts for its niche use. Crypto users are able to test the waters with alternative investment products and earn attractive returns.
HedgeUp: Creating the right buzz with alternative investment products
HedgeUp is a decentralized platform that enables crypto users to access alternative investment products like aviation, gold, art, luxury watches, and wine. The main benefit of alternative investment products is that they offer a hedge against market volatility and help boost returns. In addition, alternative investment products will also diversify one 's portfolio, thereby enhancing returns.
The platform has launched a native token called $HDUP which comes in handy while dealing with all kinds of transactional purposes on the network. These transactional use cases include staking, marketing activities, accessing rewards, and voting rights. The HedgeUp team will be making these tokens available on presale.
The HedgeUp team has capped the supply of the $HDUP tokens at 999,000,000 units. This supply has been divided between several use cases or categories to ensure that the platform grows optimally. At 35%, the largest share of the tokens has been set aside for presale transactions. Users will also be able to purchase these tokens via exchange listings 17% of the token supply will be reserved towards decentralized exchanges. Followed by 15% of the $HDUP token supply being allocated for reserve and another 14% for funding marketing campaigns for HedgeUp. 2% of the tokens will also be set aside for staking and distributing rewards. Apart from allocating 2% of the tokens for charitable donations, the rest of the supply will be divided between founders and team members (12%) and advisory and partners (2%).
The team has also decided to keep the purchased tokens locked for a brief period before releasing them. For instance, $HDUP Tokens bought during presale stages 1 to 6 will be locked for three months, while those purchased during stages 7 and 8 will have a vesting period of a month. Similarly, the tokens set aside for founders, partners, and advisory and team members will be locked for 18 months and will be released once a month in phases to a shared wallet.
For most crypto analysts, HedgeUp has an edge when it comes to shielding users' interests. The HedgeUp model offers users a hedge against market factors while diversifying their portfolio - a two-pronged approach that helps them earn attractive returns in the long term.
Polygon bags "Crypto Project of the Year" title
Polygon is a cutting-edge scaling solution for Ethereum-compatible building dApps cost-effectively and securely. Its native token is $MATIC which can be used for a wide array of transactional purposes on the network. An open-source network is a powerful tool that enables developers to access the inherent features of Ethereum and has a range of scaling tools. For starters there is Polygon Avail, this is a data availability-focused blockchain built for standalone and off-chain scaling solutions. Polygon Edge is another tool available on the Polygon network which enables developers to build extensible networks for blockchains compatible with Ethereum. The framework could be customized for both a public and private network.
In a recent development, Polygon was named the "2022 Crypto Project of the Year'' by Decrypt Media for making strides in onboarding more blockchain users and securing the right infrastructure to support them. In a blog post, Decrypt Media stated that in 2022 Polygon moved from strength to strength and changed people's perception of it from being just an Ethereum scaling tool to a platform that could harness Web 3.0 technology, power customer loyalty programs, and metaverse identity, among other tasks with the help of its zero-knowledge proof scaling technology. Also, international brands like Reddit and Starbucks chose the Polygon network for rolling out their NFT series.
HedgeUp and Polygon seem to be clear favourites in the crypto world. Now would be the best time to get investing. $HDUP is new, innovative and looks out for the everyday person's interest.
