hedget logo download PNG or SVG

Information about hedget

Hedget is a cryptocurrency options protocol that was launched in September 2020. It operates in a decentralized and non-custodial manner, with the aim of developing global decentralized options markets for DeFi platforms and lenders. The platform has garnered support from strategic investors and partners such as Chromia, FTX/Alameda Research, Orion Protocol, NGC Ventures, and FBG Capital.

Hedget allows users to hedge against volatility and protect themselves from liquidation and insolvency risks. Additionally, it serves as a tool for trading and profiting from market price movements. The project leverages the capabilities of multiple blockchains, including Binance Smart Chain and Ethereum. Chromia is also being incorporated as a Layer 2 enhancement for the Ethereum platform.

The long-term vision of Hedget is to establish a DAO that governs the rules and mechanics of the platform, while providing development and stewardship over the coming years. The native utility and governance token of the platform is called Hedget Token (HGET), which is issued as an ERC-20 contract on the Ethereum network. It will also have representation on a Chromia sidechain and Binance Smart Chain.

HGET holders have the ability to vote on adding new assets, default options parameters, and UI improvements directly on the blockchain or through the platform's user interface. There is a Testnet platform available for users to access, where they can trade with testnet tokens. The best performing traders on the Testnet will be rewarded with real HGET tokens upon the mainnet release on the Chromia blockchain in Q1 2021.

HGET tokens play several roles within the platform. They need to be staked in order to interact with the platform, and all trading commissions on Hedget are taken in HGET tokens. The tokens are also used to prevent spamming of orders and manipulate the order book. Staking requirements will increase based on the frequency and value of a user's interactions.

In the future, HGET tokens will also be used as a security measure and reputation engine for margined options. Options writers will need to stake HGET tokens to offer options without providing collateral. These tokens will be used to purchase fully collateralized options as a hedge against the risk of capital insufficiency. This mechanism ensures that end users are not negatively affected by the insolvency of an options writer.

As the platform continues to develop, a DAO will be established, and HGET tokens will play a role in determining transaction fees, reserve requirements, and general functions and features of the platform.

For those who want to download the Hedget logo, we have compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including the Hedget logo.