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One of the latest entrants to the cryptosphere is HedgeUp (HDUP) – touted as one of the most promising blockchain projects to watch out for in 2023. HedgeUp (HDUP) is it set to outpace the established crypto networks, such as Hedera (HBAR)? Let’s dive in!
HedgeUp (HDUP)
HedgeUp is an alternative investment platform with one BIG difference — it uses blockchain technology to make the investment process more secure, transparent, and cost-effective.
This blockchain technology allows all alternative assets on HedgeUp to be represented by fractionalized NFTs. That’s right — luxury watches, rare pieces of art and diamonds are now being tokenized and made accessible to everyone.
This means that users of HedgeUp are now able to access the same investments as high-net-worth individuals. For example, someone could purchase a 1% stake in a luxury watch, instead of having to buy the entire item. If the watch doubles in value, then that user will have doubled their money.
The gains keep on going, the $HDUP token comes with a number of additional benefits including:
- Rewards for staking
- First access to new NFT listings
- Access to the Online Masterclass
With so many opportunities to benefit from HedgeUp, it is easy to see why this platform is set to be more popular than Hedera (HBAR). There’s no doubt that HedgeUp will be a game changer in the alternative investments space, and it’s only a matter of time before this platform takes off.
The $HDUP token is now available to be purchased via their public presale on the HedgeUp website. Investors along with everyday people are already rushing to get in on the ground floor of what’s sure to be one of the most exciting crypto projects of 2023.
Hedera (HBAR)
Hedera (HBAR) is an enterprise-grade distributed ledger technology platform designed to help organizations develop decentralized applications (dApps). It is built on the hashgraph consensus algorithm, which allows for faster and a more secure transactions than traditional blockchain networks.
Hedera (HBAR) has a governing body that overlooks decisions and approves proposals that are then implemented on the platform. The likes of Google, Boeing, and Deutsche Telekom make up the 39-member governing council that has control over the platform.
However, with only 39 members, the platform lacks decentralization and its top-down structure is less appealing to many cryptocurrency users. As such, investors are starting to look elsewhere for more decentralized and transparent public blockchain networks.
Hedera (HBAR) is also struggling to see adoption from major players, which has resulted in less liquidity for the token and a relatively low market cap compared to other public blockchains. Hedera (HBAR) needs to address centralization concerns and increase adoption if it is to fend off the likes of HedgeUp (HDUP).
Bottom Line
HedgeUp (HDUP) is set to have more popularity than Hedera (HBAR) due to its ability to revolutionize the whole industry and make alternative investments more accessible. Plus, with so much utility built into its native token, it’s sure to attract investors who are looking for a way to make money on the blockchain.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
