Place/Date: - January 15th, 2022 at 10:40 am UTC · 4 min read
Source: ACA Token
ACA is excited to announce the launch of its advanced social trading platform HedgeBoard, complementing its existing social mining rewards club protocol. Both developments can prove beneficial to the ACA Token and its traders.
The next generation social trading platform, Hedgeboard is now part of the ACA Eco-System.
As a Trading Performance Verification Tracking System, HedgeBoard can serve as the MyFXBook of the cryptocurrency industry. In addition, the use of blockchain technology introduces new ways to permanently record, store, and secure data of all traders’ portfolios in real-time through smart contracts.
By introducing this technology, traders lose the ability to go back on their data and make it seem more prominent. More specifically, traders will sometimes adjust the data after the fact to make it seem as if they were in the right all along, even when that isn’t the case. HedgeBoard ensures that is no longer possible, bringing more transparency, credibility, and accountability to all crypto traders.
ACA leverages a Proof-Of-Rank algorithm to ensure the highest level of assurance regarding the trading ranks depicted on user profiles. That rank will always correspond to the immutable results a trader delivers and cannot be modified in any way.
Moreover, HedgeBoard ensures users never pay for a losing trade again. It is a risk-free solution for users to experiment with trading signals provided by other traders, as the system will return the cost of entry to them through the staking mechanism.
First of all, the HedgeBoard solution will present new opportunities and trading signals for those who are interested in cryptocurrencies. There are thousands of currencies to explore today, and figuring out the next profit opportunity will prove essential. Moreover, crypto markets are accessible 24/7, making them more accessible than any other trading vehicle on the market today.
In future iterations, HedgeBoard will accommodate the other markets people find themselves drawn to, including sports betting, forex trading, and the stock market.
It is challenging to be correct on all trading predictions in the crypto world, as these markets remain incredibly volatile and unpredictable. HedgeBoard serves another purpose in this regard, as it is the only solution to refund users if a trade goes awry.
All traders enter into a contract known as a Blueprint, to be more precise. Traders who successfully predict the market signals will receive ACA tokens. However, if their prediction is incorrect, the system will refund the tokens to the buyers. The entire process is completely automated and primarily helps to increase a trader’s credibility and motivation to succeed.
Traders can set the parameters for every Blueprint through the HedgeBoard solution. A member of the public can purchase every Blueprint, and the contract will execute an outcome if conditions are met. Every executed contract directly impacts a trader’s reputation, ranking, and the amount of ACA tokens rewarded.
Another benefit for users of the ACA ecosystem is its social mining club. Through this system, “miners” will receive rewards in exchange for contributions via Instagram and Twitter. All rewards are issued in $SOSX, the native token of the SocialX project.
ACA has an active partnership with SocialX to explore the benefits of social mining and how it affects crypto-related communities, both in size and overall behaviour.
ACA Token is a cryptocurrency token that powers all ACA protocols. It serves as a utility token and like any other cryptocurrency, you can sell and buy on open markets. ACA is tokenizing its proprietary technology on the Binance Smart Chain Network to deliver revolutionary new blockchain products. ACA Token comes with a wide range of benefits that help various investors looking to capitalize on the Crypto Market.