Blockchain Investor Analysis

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HedgeTrade

HEDG
Current Price $1.84 (-0.24%)
HedgeTrade is a financial forecasting and social trading platform that was launched in late 2018. It was developed with the specific purpose of providing trading insights, analysis, and educational content to its users. The HEDG token is an Ethereum-based ERC-20 token that is used to interact with the HedgeTrade platform.

Our Rating:

Market

Problem that it solves

HedgeTrade aims to address the shortcomings that exist on today's prediction trading platforms through token-based incentivization.

Customers

Users and customers include both novice and professional digital asset traders.

Value creation

HEDG adds value for both novice and professional traders by allowing professionals to build their reputation and novice traders to emulate their trading habits

Market structure

HedgeTrade will serve a market that is very concentrated as it is focused on digital asset traders.

Market size

The digital asset trading market is small but growing.

Regulatory risks

HEDG could undergo more scrutiny than other digital tokens since it is directly involved with trading and predicting digital markets.

Average Market Score

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Competitive Advantage

Technology/blockchain platform

HedgeTrade is an ERC20 token on the Ethereum blockchain.

Lead time advantage

Social trading platforms and prediction markets have been around for some time. However, HedgeTrade's solution is new and innovative. Therefore, it does have some leadtime advantage for its very specific offering.

Contacts and networks

The project has only been around for a few years and its team is not as recognizable as others in the industry. However, they do offer plenty of experience in their fields of expertise.

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Management Team

Entrepreneurial Team

The HedgeTrade team has a record of success in other industries including finance, IT, venture capital, and others

Industry/technical experience

HedgeTrade has been around since 2018, so the team may not yet have the necessary 10,000 hours of experience, although they may be getting close.

Integrity

The team behind HedgeTrade appears to be as honest and transparent as possible.

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Token Mechanics

Token required

HEDG tokens are used as rewards for successful predictions by traders on the platform. However, another token could also be used for this function.

Value added

The token adds value by incentivizing traders to share their trading insights and information with other, less experienced traders.

Decentralized

HEDG tokens can only be purchased on the company's platform using bitcoin. That is a very centralized model.

Token supply

HedgeTrade has a token supply of 1,000,000,000 tokens.

Public exchange

HEDG is on a few popular exchanges, but not as many as we would like.

MVP

The platform is live and has an active user base.

Average Token Mechanics Score

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User Adoption

Technical difficulty

HedgeTrade may be somewhat difficult to understand for novices in the trading space but as it is open for beginners and advanced traders, the platform has been able to recruit users.

Halo Effect

HedgeTrade has partnerships with BlockStrat, the University of Calgary, and the Singapore Fintech Association

Buzz

The platform doesn't quite have the following you might expect in the world of digital assets and does not generate the same buzz as other leading blockchain projects.

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Overall Score

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Blockchain Investor Analysis

HedgeTrade (HEDG) focused mainly on users that actively trade digital assets. Whether they're experienced or novice users, HedgeTrade wants to provide a way to make things easier. HEDG tokens are used only within the HedgeTrade platform as a way to incentivize more experienced users to share their insights for traders with less knowledge about how trading works.

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