What is HedgeTrade?
HedgeTrade is a web-based application that allows users to gain access to market predictions made on cryptocurrencies and other fungible assets. Users can pay to make predictions and other users may purchase them to unlock the specific trade details.
If the prediction is correct, the person who made the prediction can earn proceeds from the purchasers. If the prediction is incorrect, the users who purchased the prediction can earn proceeds from the person who made the prediction.
Typically, a hedge is an investment to reduce the risk of adverse price movements in an asset by taking an offsetting position related to the asset. To us, HedgeTrade becomes the platform that creates a predictive market to these price fluctuations by giving users a way to hedge their risk by gaining access to valuable trade data made by the community.
How does it work?
HedgeTrade uses smart contracts deployed on a blockchain to save user predictions and their prediction performance to the blockchain. This technology ensures that predictions and individual user performance rank cannot be modified or changed once it has been saved. Once a prediction expires, the prediction is automatically validated as correct or incorrect by the HedgeTrade Oracle, which is an automated system that validates the trade based on third party information.
HedgeTrade unites novice and experienced traders through a verified and ranked system that allows novice traders an inside look into how experienced traders work their magic. These experienced traders are ranked publicly based on quality of information, trading predictions and successful trading history. These traders who possess the skills to trade successfully share that knowledge and experience with novice traders through their prediction, or what we call a Blueprint.