As cryptocurrency adoption reaches record highs, crypto users are now looking for new ways to leverage these blockchain-based assets. The surge in interest in cryptocurrencies and related applications stems from benefits like a high degree of security, enhanced data privacy, and the lack of a third-party service provider. Driven by a rise in investors’ interest,
blockchain innovators are rolling out crypto platforms that enable their users to do more than just trade or make payments. For instance, the towering popularity of platforms like HedgeUp and Zilliqa is an example of how crypto users look for versatility in their products. Here’s a look at the key features of the two platforms to show you what makes them such sought-after options.
HedgeUp:
Introducing crypto users to the benefits of alternative investment products
HedgeUp is a blockchain-based platform that enables crypto users to access alternative investment products like wine, art, luxury watches, art, and aviation. The platform enables crypto users to diversify their portfolios, which has the potential to fetch enhanced returns in the long term. A major advantage of choosing alternative investment products is that they act as a hedge against market volatility.
For facilitating various transactional purposes on the platform, HedgeUp has rolled out a native token called $HDUP. The $HDUP token can be used for diverse uses like staking, liquidity management, earning rewards, and voting rights. Buy the HDUP cryptocurrency through the presale to receive potentially huge gains in 2023.
The HedgeUp team has fixed the total supply of the HDUP token at 999,000,000 units, and the supply will be divided between various uses/categories to support the platform’s development. At 35%, the biggest share of tokens has been allocated for the presale. Next, the platform will set aside 17% of the tokens for exchange listings, 15% for reserve purposes, 14% for funding marketing activities, and another 3% for staking and distributing rewards. Another 2% will be diverted toward charitable activities.
The remaining tokens will be allocated to founders & team (12%) and advisory & partners (2%). Users should know that tokens purchased during presale stages 1-6 will have a vesting period of three months, while those bought during presale stages 7 and 8 will be locked for a month. At the same time, the tokens reserved for founders, team members, advisors, and partners will be vested for 18 months and will be released in a phased manner to a shared wallet.
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To make these alternative investment products available to its users, HedgeUp will be entering into deals with third-party vendors who will be supplying these products. After the deals are finalized, the products will be available on the HedgeUp marketplace. All assets will be stored in an insured and licensed vault. Moreover, the platform also has an NFT collection, wherein users get the option of choosing either an individual asset or a basket of investment products. Also, these NFTs can be bought on a fractional basis.
Buy and collect huge volumes of the $HDUP cryptocurrency as analysts have predicted multiple rallies for this token in the medium to long term.
Many cryptocurrency analysts are betting big on HedgeUp because of its unique use case that enables crypto users to diversify their portfolios and safeguard their interests against market volatility. Benefits like an NFT collection and participation rewards offer HedgeUp users the right incentive to hold for the long term and grow along with the platform.
Zilliqa rolls out EVM compatibility on its testnet
Zilliqa is a decentralized platform for designing and building high-performance and user-friendly dApps. Its native token is $ZIL, and it’s used for various transactional purposes on the network. Being built on the proof-of-stake consensus algorithm, not only is Zilliqa a cost-effective option but also highly sustainable and environmentally friendly. The $ZIL platform uses the community-driven decentralized autonomous organization (DAO) model for its governance structure.
Under the model, $ZIL Token holders get voting rights which they can use for voting for any proposals pitched by other community members. The platform also has a governance token called Governance ZIL (gZIL), and its chief use is to enable long-term token holders to participate in Zilliqa’s daily operations. Each of these governances ZIL Tokens represents a single vote. The more gZIL tokens a user holds, the more voting power they would have.
In a recent development, Zilliqa has rolled out EVM compatibility on its testnet. The move paves the way for a Zilliqa-based protocol that can be used by the EVM ecosystem with benefits like a low fee and high throughput. With this, more users would be able to use and deploy dApps on the Zilliqa blockchain and also use wallets like MetaMask.
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MetaMask is a popular digital wallet for the Ethereum network and compatible blockchains. MetaMask users can now seamlessly store and use cryptocurrencies across multiple networks, including Zilliqa. MetaMask users will be able to connect their wallet with the Zilliqa testnet, receive and send ZIL Tokens and also deploy solidity-based contracts.
