HEDG is a predictions marketplace where users will be able to earn HEDG for making accurate trading calls.
HedgeTrade have integrated XEM, NEM’s native token into their community driven predictions platform. This partnership has thus brought together two DeFi communities while providing crypto traders from across the world with additional opportunities for earning.
Social traders at HedgeTrade will be now getting two additional trading pairs, which is used to create the prediction Blueprints like “XEM/USDT and XEM/BTC.” The sooner the Blueprints are out, new traders will be able to buy them and make use of them. They will be able to copy trade.
The applicable incentives for novices and traders is in alignment on the Hedge Trade Predictions Platform. Thus, providing groups with the opportunity to earn more $HEDG in order to get more of trading insights for copy trade.
This collaboration will provide the NEM community with a new analysis tool to assess the market sentiment regarding the XEM price and their blockchain. Further the prediction blueprints and the success scores of individual traders are verified by using blockchain technology. This they do by making use of a unique reputation algorithm, which provides users with a trusted source for sentiment analysis for those who are following on the NEM project.
When expressing his opinion about the NEM partnership, Reportedly, David Waslen, HedgeTrade CEO, stated that, “NEM is a highly-esteemed, long-standing blockchain company. So we’re very happy to introduce the HedgeTrade community to the NEM project. By enabling our traders to make predictions on XEM, they have another way to profit from their accurate trading calls. At the same time this builds important sentiment data based on NEM’s many exciting initiatives.”
Sydney Ifergan, the crypto expert tweeted: “I like the Hedge Trade (HEDG) trading prediction mechanism as it allows to innovate predictions at the same time optimizes the buy value for trading predictions with refund.”
Hedge Trade (HEDG) Improving Trader Opportunity
For those who are new to HedgeTrade, it is a platform providing traders with the opportunity to stake their HEDG tokens to post trade predictions. These trade predictions will be purchased by new users and other practicing traders who are interested in unlocking the hidden trade details.
If the trade prediction provided by the trader comes out to be accurate, they will be able to earn back their HEDG. Also, they will be getting HEDG from those who placed trust on their predictions and purchased it.
If the predictions are not correct then the traders will be losing their HEDG. And, those who have purchased the losing prediction will get a partial refund. The purchasers will get a refund plus a portion of the HEDG from the trader’s initial stake. Thus, the HEDGE Trade model aligns the interests of the predictors and the purchasers.
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