Investors and traders are buzzing about a new utility coin called HedgeUp (HDUP), which has the potential to give holders massive gains in 2023.
HedgeUp (HDUP) is an NFT marketplace that allows users to purchase fractional ownership of physical objects such as art, diamonds, gold, silver, jets, and boats. With the promise of huge returns on their investments through HedgeUp's (HDUP) protocol, crypto enthusiasts have already raised over $1.4 million for this project during its presale phase.
Additionally, it will be built on Ethereum and then migrate to BNB, known for a robust ecosystem with cheap transaction fees and deep liquidity.
Analysts believe that if tokens with no use case can moon, then HedgeUp (HDUP) can easily hit a 35x gain in 2023.
More on the new prince of DeFi - HedgeUp (HDUP)
HedgeUp (HDUP) is a decentralized finance (DeFi) protocol designed to live on Binance Chain (BNB). It offers users fractional ownership of physical objects such as art and luxury watches.
After purchasing these assets with their crypto, investors are awarded an NFT representing their ownership of the asset, which can be whole or fractional. It’s the first time in history that users have been able to take one alternative investment and use it to purchase another.
While it isn’t the only platform to allow users to purchase a physical item with their crypto, they are the first to offer an actual asset class.
How does HDUP work?
If you’re new to DeFi, then tokens deserve a bit more explanation. They aren’t memes. They have legitimate value. In this case, it’s the HedgeUp (HDUP) token that powers the protocol.
The higher the price of HedgeUp (HDUP) and the more it’s traded, the more word spreads, the more people use it to purchase alternative assets, and the more people want to hold it and use it for staking and liquidity farming.
In short, for a DeFi protocol to find success, it needs to have an innovative, disruptive financial product and a token that users want and can trade with ease.
HDUP - unlimited potential
Analysts and traders are confident that HedgeUp (HDUP) will be a huge success in the DeFi space.
With its fractional ownership of physical assets, BNB’s low transaction fees, deep liquidity, and various yield farming features, it could easily become one of the most successful tokens of 2023 and beyond.
Alternative investments available with HDUP
Let’s use a $10,000 Rolex as an example. The team at HedgeUp finds 100 investors. They pay for their Rolex in BNB, stablecoins, or possibly even the HedgeUp (HDUP) token – which gives the token another use case.
The user is then awarded an NFT representing their ownership – let’s call it $1,000 to make the cocktail napkin math easier.
One year later, the Rolex is up for sale for $20,000. The value of your NFT has doubled. You can now sell the NFT on the platform. The watch itself stays in a secure vault, completely safe and insured.
Analysts' predictions for a 35x return on HDUP
HedgeUp (HDUP) is a decentralized finance (DeFi) protocol going live soon on the BNB chain. By allowing users to purchase fractional ownership of physical assets with their crypto, HedgeUp (HDUP) provides investors with an attractive alternative investment opportunity.
Analysts and traders are confident that HedgeUp (HDUP) will give holders a 35x return in 2023, given the project's many use cases and infinite potential.
For more information about HedgeUp (HDUP) presale use the links down below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
