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HedgeUp (HDUP) has made history as the first alternative assets trading platform in decentralized finance (DeFi). The platform, which will allow users to buy and sell asset-backed NFTs, is set to redefine the alternative assets market.
On the other hand, RenQ Finance (RENQ) investors are making moves to hedge their bets.
HedgeUp (HDUP) Becomes the First Alternative Assets Investment Platform
HedgeUp (HDUP) is set to become the worldâs first alternative assets investment trading platform. The platform is designed to allow people to invest in alternative asset classes through asset-backed non-fungible tokens (NFTs). It is currently being built on the Ethereum blockchain but will be migrated to Binance (BNB) and Stellar (XLM) for lower fees.
HedgeUp (HDUP) says it aims to âbring all major alternative asset classes to the cryptocurrency market.â That way, it will bridge the gap between crypto and the alternative assets market and bring more investment opportunities to crypto investors. This will allow them to diversify their portfolio with less volatile assets.
That's not the only benefit that HedgeUp (HDUP) hopes to bring its users. According to the team behind the project, investing in alternative assets is an excellent way to beat inflation. HedgeUp (HDUP) hopes to make that possible for people from all economic classes. And for security purposes, the platform will allow users to anonymously invest in these assets.
HedgeUp (HDUP) works by tokenizing alternative assets. The project will partner with startups and vendors to convert products like valuable jewelry, artwork, luxury watches, gold, and more into NFTs. These NFTs will then be posted on the HedgeUp (HDUP) marketplace, giving investors worldwide a chance to trade them.
To make investments more accessible, the trading platform will allow for fractional purchases. This means that, for example, instead of paying $20,000 to buy a Rolex, you can pay $200 and own part of the watch as an NFT. Then, when the value of the watch increases, the value of your NFT will increase too.
To fund this project, HedgeUp (HDUP) is running a presale of HDUP. This is the token that will be used to purchase NFTs on the marketplace and bid at auctions. HedgeUp (HDUP) is available for all interested investors to purchase at a discounted rate of $0.013.
RenQ (RENQ) Investors Hedge Their Bets
While HedgeUp (HDUP) makes history, RenQ (RENQ) investors are hedging their bets. This isnât a bad thing because risk management is a crucial part of investing in cryptocurrencies.
RenQ (RENQ) Finance is a Web3 project building a multi-chain decentralized exchange (DEX). The goal is to connect multiple isolated blockchain protocols. That way, they hope to create a single platform that meets the needs of all DeFi investors in one place.
The RENQ token is also in presale and has managed to attract a lot of investors. However, as the presale draws to a close, RenQ (RENQ) investors are looking to spread the risk by also investing in other tokens and projects, including HedgeUp (HDUP).
Find out more about the HedgeUp (HDUP) presale below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.