HedgeTrade is excited to announce that the HEDG token is now listed on Uniswap! A token swap between HEDG and ETH or other ERC-20 tokens can now be done seamlessly on Uniswap’s decentralized asset exchange.
What is Uniswap?
As an automated token exchange built on Ethereum, Uniswap provides multiple liquidity solutions for ERC-20 tokens:
- Users can be “liquidity providers” and earn tokens when pooling deposited equal amounts of ETH and ERC-20 tokens.
- Exchange smart contracts are used for each token pair, providing automated market makers.
- Uniswap’s smart contract interface for token swaps is an open source front end for cryptocurrency traders and other liquidity providers.
Additional features include the ability to use a blockchain-based “ENS” domain name for crypto transactions on the exchange. Additionally, the platform offers low gas costs for ERC-20 and ETH token swaps.
Uniswap is an Ethereum Foundation Grant project that stays true to the tenets of decentralized trading. It is also now tracked by CoinMarketCap.
What is HEDG?
HEDG is an ERC-20 token that fuels the HedgeTrade social trading and predictions platform. Within the HedgeTrade ecosystem, traders can stake HEDG to back up a trade prediction, which they post in smart contract powered “Blueprint”. Other, less experienced traders can browse the predictions marketplace to purchase a Blueprint with HEDG to unlock the trade details. (Bitcoin is also accepted on the platform.)
Where HedgeTrade diverges from all other social trading platforms is in their system of blockchain verified data and accountability. When a trader ends up being wrong in their prediction, those that bought it get their tokens back, while the trader loses their stake. After a small commission to the platform, that lost stake goes to the first 7 purchasers of that Blueprint.
HedgeTrade has a strong commitment to providing liquidity options for all HEDG users. We believe we’ve created a token that serves a valuable utility for crypto markets. That’s because we use the HEDG token to hold traders accountable for their advice. In fact, each prediction outcome is timestamped on the public Ethereum Blockchain. So it makes sense that a decentralized liquidity project like Uniswap would be a good match for the HEDG token.