Place/Date: - September 15th, 2017 at 11:40 am UTC · 2 min read
Hedge Project team is passionately aiming to shake-up the crypto market by enabling investors and speculators to broadly participate in simple, diversified and cost-efficient manner. The project will offer easy to use and secure Hedge Platform with first time introduced indices as benchmarks (like the S&P500), Crypto Traded Indices TM (like the ETFs) as well as derivative instruments (e.g. options) enabling buying or selling protection.
The newly introduced indices are not only the first crypto product of its kind, but also deliver professionally administered, transparent and rulebook-based approach. The first such indices launched on Hedge Platform will be:
Cryptocurrency Top 30 Index – CCX30
CCX30 will track the prices of 30 largest cryptocurrencies that will cover over 90% of total market capitalization. The market cap-weighted index, capped at 20% per constituent, will enable great diversification and investment into wider crypto market.
Bitcoin price index – BTCCX
Due to illiquidity and imperfect markets, the law of one price does not hold on crypto markets. Prices of Bitcoin on various exchanges can differ significantly. BTCCX will be the first commercial implementation of reference/benchmark price reflecting volume-weighted price of bitcoin on five most liquid exchanges.
Highly ambitions and internationally experienced team strongly believes in a great utility of the Hedge Project. We are continuously working on the roadmap set in the whitepaper and are looking forward to introduce further suite of indices, such as Crypto Asset Index
(constituents representing utility other than solely means of exchange), Crypto Income Index (constituents distributing revenue to token-holders) and other indices representing e.g. specific sectors.
Hedge Token is launching the HDG crowdsale on September 15 th , 2017 at 12:00 pm (GMT+2). Early participation pays off and will be rewarded through distribution of bonus tokens. The HDG token sale will be finished on October 15 th or when the total raised amount will reach USD 15 million. The only accepted currency for participation is ETH, where 1 HDG = 0.002 ETH.
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Disclaimer: Hedge Project is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.