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Hedge-Finance is a crypto startup building investment solutions for decentralized finance. Their CEO, Ian Issa, CTO, Graham Foster and COO, Ben Spievak, had a vision to bring financial support and awareness to the cryptosphere and in the first two months of operation, they’ve successfully airdropped over $2.5m worth of blue-chip cryptos to their community.
It’s simple, but fascinating.
Hedge-Finance has its own native token called $HEDGE and whenever someone buys or sells a portion of it, a 12% transaction tax is applied. 4% of the tax is added to the $HEDGE/$BNB liquidity pool to increase price stability and 8% is reflected as dynamic rewards that $HEDGE holders receive.
The rewards are dynamic because the token being rewarded is changed based on current market conditions. This allows $HEDGE holders to earn passively which is quite a unique value proposition.
“We see so many scams in DeFi, and it’s not a surprise because the space is so young. Too many projects build up quickly and then go to nothing because the founders stay anonymous and don’t have any responsibility. That’s why our team is doxxed and makes it clear that we’re committed. I personally believe that the entire philosophy of crypto is to build together, so we see it as our responsibility to set an ethical standard for DeFi and help start that shift towards reliability and safety,” CEO Ian Issa said when asked about his perspective on the DeFi space.
The Hedge team is developing solutions including a launchpad for new projects called HedgePad, staking for $HEDGE token holders, and an analytics platform with real time data for traders. These are in addition to their currently live solutions like their NFT giveaway system and reward tracking dashboard.
In an interview with the team, they discussed the core motivations of this product line: “Hedge is a place for people in the crypto space to not only build a diversified portfolio on autopilot, but also access a suite of products and services to make their research and investing easier and more effective. In the future, we’re really looking to make this into a learning community where members get all the tools they need in one space and get education, support and guidance to help them be the most effective they can be,” COO Ben Spievak told us.
It’s interesting taking a deeper look into projects like this one. Over 6,000 people hold $HEDGE at the moment, but we expect this to grow significantly. Everyday, more and more people get involved with crypto and with what Hedge-Finance is building, they are well positioned for success in the industry.