Hedget (HGET) huge triangleTA
Hedget (HGET) ,well if you like triangles as much as i do...
We can see the old support levels from december 2020 are holding at this moment
Also the market is in a decisive moment when the next winner will rule the crypto ecosystem ,web 3.0 and all the innovation zone will flourish
If you like the project keep HODL ing !
options trading on crypto - may have a bright future
Fundamentals
What is Hedget?
Hedget is a non-custodial options trading platform built on Ethereum and Chromia. Chromia is a relational blockchain database which allows complex transactions to be executed while maintaining decentralization and transparency.
Users can buy and sell options products on Hedget by providing collateral in the form of cryptocurrencies (both stablecoins and traditional cryptocurrencies). It also allows users to protect against downside risk for their crypto holdings as well as their debt positions on other lending protocols such as Compound and Aave.
What are HGET tokens?
HGET is the platform’s native token for governance and utility. HGET is used to propose updates to the protocol. Besides that, HGET tokens need to be staked to create and trade option products.
In the future, HGET tokens will also be used as a security measure for leveraged options. Option sellers who want to provide options without a 1:1 collateral will need to stake HGET tokens.
How does Hedget work?
The Hedget platform runs on three main components:
ESC: Ethereum smart contract which handles token deposit, withdrawals and physical settlement.
CTD: Chromia-based dApp which handles trade, contract ownership and acts as a bridge to interact with the ESC.
CSW: Client wallet and trading UI which carries out commands using ESC and CTD.
