The first professional digital rating agency DigRate has assigned 5.1 points out of 7.0 to the DeHedge project.
DeHegde is a company aiming at creating a decentralized platform for hedging risks of crypto investors. DeHedge plans to create the infrastructure needed to protect ICO and cryptocurrencies investments in case of exchange rate fluctuations, fraud and bankruptcy of projects, offering its clients two basic hedging strategies: hedging initial token offerings and trading token exchange rate having free circulation.
The idea of crypto insurance is not new, several decentralized projects such as Cryptosterling, B.Sure and others, as well as a number of centralized banks, for example, Mitsubishi UFJ Trust and Banking and Sumitomo Mitsui Trust Bank, work on it. However, these companies implement local initiatives, but only DeHedge and B.Sure, declare insurance of the traders’ losses risk during market fluctuations directly.
The project's founders are public figures with experience in major Russian banks, hedge funds and business incubators, the staff of the project is balanced having competences in software, finance, marketing and jurisprudence. There are the well-known lawyer with experience in the cryptocurrencies regulation, the chief editor of CryptoCoinNews, the senior partner of Belgravia Wealth Management and the financier with extensive experience in dealing with risks in Troika Dialog and Sberbank CIB among the project's advisers. There are Derebit, Shivom, and Priority Token among project partners.
The DHT token will be used as an insurance premium payment and has utility-token features. The team also presents the test results on the non-recognition of the token as a security. In addition, the project team states that they are working to obtain the appropriate SEC licenses to work with institutional investors, and there are corresponding entries in the SEC archives. However, practice shows that the SEC is skeptical about cryptocurrencies, and this initiative is difficult to implement.
The tech side needs further development, the smart contract code for ICO and Pre-ICO has not been published on GitHub.
The project has already provided the first proposal for hedging Shivon tokens, that can be purchased through the DeHedge website, but there is one hedging option available that covers only 50% of the value of the purchased tokens at the moment.
In general, the DeHedge’s idea is pressing and promising, but the lack of information on the methodology does not allow to fully assess the potential of the project. If more hedging options will launch in time and more other ICO projects will be involved, DeHedge can compete with other projects in the multibillion hedge and crypto insurance market, optimize price risks for the target audience of the crypto industry, attract traditional investors to the cryptocurrency market, as well as attract investors, cryptocurrency traders, and funds managing the capital of trustees into ICO projects.
https://www.ico-check.com/dehedgehttps://dehedge.com/
Show Posts
