Much has been said about the cryptocurrency market lately. There is a lot of noise about whether the market would post higher returns than last year or lose its current momentum. Amidst the discussions, a few new trends are also emerging, and crypto enthusiasts are no longer shy about trying out unique products. Most of these crypto assets allow users to explore new opportunities. Take the example of HedgeUp ($HDUP) and Cronos ($CRO). While HedgeUp helps crypto enthusiasts get into alternative investment products and increase their passive income, Cronos offers developers a set of niche tools to port dApps and smart contracts.
HedgeUp: Discover the potential of alternative investment products with cryptocurrencies
HedgeUp is a decentralized platform for accessing alternative investment products. The platform acts as a bridge between cryptocurrency users and alternative investment products like gold, aviation, luxury watches, wine, and art. It offers its users a basket of alternative investment products to diversify a portfolio. One of the main USPs of HedgeUp is that it acts as a hedge against market volatility and other economic factors; users need not worry about their returns eroding due to inflation or market fluctuations. To facilitate various transactional purposes on the platform, HedgeUp has deployed a native token called $HDUP which can be used for staking, accessing voting rights, earning rewards, and funding marketing campaigns. The team would make the $HDUP token available on presale for interested users. In addition, no tax will be levied on the sale of the token.
With supply capped at 999,000,000 units, the $HDUP token will be used for various other purposes to support the growth of the platform. The largest share of tokens will be diverted to pre-sale transactions. The team has reserved 35% of the tokens for this purpose. The remaining token supply will be divided among uses such as Marketing, Reserve, Staking and Rewards, Charitable Donations, Founders and Team Members, and Boards and Partners.
Users should be aware that tokens purchased in presale will have a vesting period, which will vary depending on the presale stage in which they were purchased. For example, if tokens are purchased in presale stages 1-6, $HDUP tokens will be acquired for three months, while those purchased in stages 7 and 8 will be locked for one month. Tokens allocated to Founders, Team Members, Advisors, and Partners will be locked for 18 months. These tokens will be released into a shared wallet once a month in a phased manner.
Cronos’ TVL hits 0.39 billion
Cronos is a blockchain-based platform that facilitates seamless dApp portability with EVM support. It is built on Ethermint and allows developers to port dApps and smart contracts in a fast way not only from Ethereum but other EVM-enabled blockchain networks. It has a native token called $CRO which comes in handy for handling various transactional use cases on the platform. One of the main advantages that developers associate with Cronos is its scalability. The platform can process more transactions in a minute than Ethereum, making it not only a faster option, but a more affordable and carbon-neutral option. It leverages the proof-of-authority consensus algorithm for its operations, which helps with security using a network of validators. It is an open-source platform that allows its developers to make contributions to code architecture while improving its functionality and scope. Moreover, it is an interoperable network powered by the Inter Blockchain Communications (IBC) protocol. On January 11, 2023, Cronos’ Total Locked Volume (TVL) impressed the crypto world by hitting 0.39 billion, an increase of 1.53% from the previous week.
Many of the experts who have looked at both options believe that HedgeUp has the potential to be the next big thing in the crypto market with its high growth potential. They even claim that it is only a matter of time before the $HDUP token will provide potential 100x returns.
For more information on HedgeUP, click on the links below:
Pre-sale registration: https://app.hedgeup.io/sign-up
Official site: https://hedgeup.io
Community links: https://linktr.ee/hedgeupofficial
DISCLAIMER: Investment in crypto assets is unregulated, may not be suitable for retail investors and the full amount invested could be lost
IMPORTANT NOTICE: Reversal in cryptoactivos is unregulated, cannot be accepted for reverse miners and forfeits the entire reverse import