HedgeTrade has integrated the Nervos native token $CKByte (Common Knowledge Byte) into its community-driven predictions platform. The partnership brings together two vibrant blockchain-based communities who are both committed to the ethos of decentralized finance (DeFi) and entrenched in the vibrant, Asian crypto markets.
Social traders at HedgeTrade are now able to use CKB trading pairs to create smart contract-powered prediction Blueprints. Once the Blueprints are live in the predictions market, they can be purchased by novice traders who pay to unlock the details and make the copytrade for the CKB trading pair. Incentives are aligned at HedgeTrade. This gives pro traders as well as newcomers opportunities to bet on or against the predictions of others. Both groups can now earn $HEDG for making accurate predictions on CKB trading pairs. The platform as a whole provides a growing source of real time trading insights.
Through this collaboration, the Nervos community gains an analysis tool to gauge market sentiment about CKB price and the Nervos blockchain ecosystem as they continue to build out additional gamified crypto trading products and defi applications. HedgeTrade’s prediction Blueprints and trader success scores are verified using blockchain technology, providing Nervos with trusted market data on CKB. Additionally, the listing on HedgeTrade provides increased market exposure to $CKB.
HedgeTrade is a platform where traders stake HEDG tokens and post trading predictions that users can purchase to unlock hidden trade details. If the trader’s prediction becomes correct, they earn back their stake and the HEDG earned from purchasers of their predictions. If incorrect, the traders lose their stake and the purchasers get a refund plus a share of the lost stake. The model aligns the interests of both predictors and purchasers.
HedgeTrade CEO, David Waslen, said, “Our team is thrilled to be collaborating with the talented development team at Nervos, who like us is totally committed to defi solutions for creating a better global economic system that is community-focused, fun and open to everyone.”
HedgeTrade is headquartered in Singapore and led by Co-Founder/CEO David Waslen and Co-Founder/Lead Developer Peter Danihel.
Learn more at HedgeTrade.com.
The Nervos Network is an open source public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today.
Nervos co-founder Kevin Wang said, “Our collaboration with HedgeTrade brings exciting new opportunities to both existing CKB holders and the broader crypto community. Not only will HedgeTrade’s unique predictions platform unlock new insights and analytics for the CKB token, but it will also introduce CKB to its growing community of traders.”
Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts and layer 2 scaling, capturing the total network value through its “store of value” crypto-economic design and native token, the CKByte.
Nervos is a global, multi-asset store of value blockchain led by Co-Founders Terry Tai, Daniel Lv, and Kevin Wang.
Learn more at Nervos.org.