📌 Don’t panic! You’re not banned, you are just muted for portions of the CryptoNite CLUB AMA x Hedge Finance AMA Session
⚠️Total Reward pool: 100$
👉 Join group — @HedgeFinancial
We will have the following structure:
Part 1️⃣: $10/5 users — We’ll select 5 questions from the community. A user can post maximum 3 questions. please submit your questions in the comments section of following post.
Part 2️⃣: $10/5 users — Open chat for 180 seconds. You can post Max 3 questions. Hedge Finance Team will select 10 questions and answer them.
We are pleased to announce AMA with Hedge Finance !
Let’s start the event!
I’d like to introduce today’s guest Mr.Dev Cram (@CRAM520 ).
[DEV CARM]- Hello Mr. Baron!
[CNN Club]- Nice to meet you!
[DEV CARM]- Nice to meet you as well!
[CNN Club]- How are you doing?
[DEV CARM]- Very well excited about our momentum so far!
[CNN Club]- yeah! Let’s start the event!
[DEV CARM]- Absolutely lets get going…
[CNN Club]- Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Hedge Finance Tell us please about your position in Hedge Finance?
[DEV CARM]- Whats up my name is Graham im the lead dev with Hedge Finance. First got involved in crypto on the user side around 6 years ago. I was using bitcoin to pay for not so legal things like fake-id’s for me and my friends. I went to school for Computer Science and started to learn more about some of the technical aspects of the blockchain which is where my interest really started. Once I graduated I wasn’t sure exactly what I wanted to do. I wasn’t a huge fan of my current job so I started doing a bunch of side projects to learn solidity and more about the EVM. That was about 3 years ago so I’ve been doing that ever since, just improving my solidity development skills and doing my best to keep up with how fast the ecosystem is changing.
[CNN Club]- please tell us a bit about yourself and a brief intro about the project please😁.
[DEV CARM]- I have a degree in computer science from UCSB. The first blockchain projects I worked on were building frontrunning and arbitrage bots on ethereum before gas fees got too high. I then moved into the defi space and started helping with some of the dev work on various defi protocols on ethereum. HEDGE was ideated a long time ago around the time we saw safemoon blow up. We kind of thought like, why would a token reward you in the same token? That doesn’t really make sense. We then started the process of ideating HEDGE. HEDGE offers similar tokenomics to a standard redistributionary token, 8% tax for rewards, 4% into the lp, but we dynamically change our rewards based on market conditions and our team’s analysis.
[CNN Club]- Which chain are you based on?
[DEV CARM]- Binance Smart Chain
[CNN Club]- Please tell us about the team of like-minded people who help build the project? Who is at the core of the team?
[DEV CARM]- I’m leading the dev team, Ian Issa is our founder and heading the marketing team. Sidney Lund is our lead designer and manages the social media and web team. Ian has experience developing blockchain business platforms and has worked with nft projects and project marketing. Sidney is newer to the blockchain, but has multiple years of UX/UI design experience and knows exactly how to create a wonderful user flow.
[CNN Club]- How long does it take to develop a project? What plans do you have for the future? And what can we expect from Hedge Finance ?
[DEV CARM]- We’ve been in the initial development phase for around 4 months now. But we believe that development should continue throughout the lifetime of the project. In the short term we are working on our rewards dashboard, which will allow HEDGE holders to track their rewards in all of our different rewards tokens, and manually claim their tokens if they choose not to wait for them to be auto sent, this is also where we will provide a vetted project list for the community to vote on which token they want to receive for their reward. From there we will branch out into pursuing more partnerships helping launch promising new projects, as well as providing investment and project vetting tutorials for our holders!
[CNN Club]- Thanks for the great introduction, we have several questions which were selected for the 1st part. Ready to start?
[DEV CARM]- Absolutely
[CNN Club]- @totominhchi: Marketing is a central element for every Project. So that everyone knows How Potential that Project is. What is your strategy to attract new users and Investors to HEDGE and keep them long term?
[DEV CARM]- As mentioned in our tokenomics, we have an 8% dedicated marketing wallet. We’ve built a sustainable marketing model by allowing our marketing wallet to receive rewards. This means that we almost never need to sell any tokens from the marketing wallet, but have a DAILY marketing budget to use for advertising, promotions, giveaways, etc! Every day we are marketing to new potential investors!
[CNN Club]- Thank you very much for your answers and clarifications! ready to proceed to the next question !
@Nht25456236: Partnership is like a supplement where the combined effect is beyond the individual level. Can you name some of your recent partnerships that can help your project? Is there any partnership that will take place in the near future? Can you tell us with whom?
[DEV CARM]- Partnerships are a cornerstone of our development plan. As we launched only 3 days ago I can’t speak on any past partnerships, but we plan on announcing our first project partnership on Monday! The HEDGE team is constantly analysing new BSC projects to determine which we believe have a ton of upside potential. When we partner with a project, we set their token as our rewards token, which provides a great initial boost to that project, and allows HEDGE holders extremely early exposure. I’m not allowed to say who our partnership is with, but we will announce it in the telegram on Monday!
[CNN Club]- Thanks for those interesting details, clear answers are very appreciated for our community. Now is time to proceed with the next question🥳
@ahmedal96467085: How important is the COMMUNITY to you? and how can we collaborate or help you for the development of the project?
[DEV CARM]- The community IS HEDGE, without an active community we don’t really have a project. As any of our current community members can attest, all of our team is extremely active in the telegram, we are constantly interacting with members and looking for community in telegram, on socials, through email etc. We are open to new suggestions and assistance from the community. My PMs are always open!
[CNN Club]- Thanks for your great answers! Ready for the next question?
[DEV CARM]- yes ! Let’s Go
[CNN Club]- @tuan_iker Security is so important with every project and platform. How does Hedge-Finance keep users’ assets and personal data safe from hackers? How do you manage if there is an attack to your platform?
[DEV CARM]- The hedge smart contracts were audited by Solidity.Finance auditing service and no security vulnerabilities were found. The audit is available on our website! HEDGE doesn’t store any user data or information, and all interaction happens on-chain. We are confident that under the rare situation where our website was attacked, HEDGE token and the platform would continue to function perfectly normally on-chain, and our dev team would be able to get the site up and running in no time.
[CNN Club]- Well, if did you say about the roadmap, would you like to share with us perhaps?
[DEV CARM]-The project is only 3 days old and we have flown down our roadmap, we hit milestones that were supposed to be several weeks old. We got listed on CMC and CG within the first 48 hours, grew our telegram to over 3000 members, and currently have over 1500 token holders. Looking forward, on Monday we plan to announce our first partnership with a lower cap and very promising Defi platform. Within 2 weeks we will release our beta rewards dashboard Dapp, from there we plan on adding project vetting and submission to the dashboard for the Hedge team to analyze and determine if they are right for a partnership. Later down the road we will be producing educational content for Hedge holders regarding how to vet and analyze BSC projects on their own, and our process for doing so.
[CNN Club]- Thanks, guys for the detailed information and answers . Ready for the next question?
@nicole_binuya Why should users choose HEDGE ? What advantages does HEDGE have to attract them?
[DEV CARM]- We believe that we’re set apart from the competing rewards/redistributionary tokens because we have the ability to respond to market conditions in realtime. We also do the heavy lifting of analyzing the market and vetting tokens and projects for the user, so all a user needs to do is hold hedge and watch their portfolio diversify into a solid mix of stable “blue-chip” coins, like BTC and XRP, and higher risk lower market cap coins like the projects we plan on partnering with
[CNN Club]- Thank you very much for sharing. Now get ready for the most emotional part of our AMA — live questions!!!
[Q1]- Many investors hit and run in the sell and sell session after listing on the first exchange, How did your project prevent early investors from selling their tokens and what benefits you would give them?
[DEV CARM]- Early investors generally hold more tokens, in which case they receive a greater share of the rewards. Join our telegram and speak to some of our early investors on their return from their rewards and whether or not they plan on selling any time soon! The beautiful thing about HEDGE is holders get rewarded based on volume, so the actual price of the token doesn’t matter as much.
[Q2]- I want to invest to your project. How can I buy your token? Is there a Pre-sale or Public sale of your token? when will it take place? and how can I participate in it? Please share its contract address
[DEV CARM]- HEDGE token is currently available publically on Pancakeswap, or any service that supports pancakeswap (i.e. Dex Tools, poocoin, bogged, etc). Simply paste our contract into Pancakeswap, connect your wallet, set you slippage to 12% or higher, and swap whatever token you want for HEDGE!
[Q3]- IS your platform suitable for Crypto beginners? Or does it only appeal to professional users?
[DEV CARM]- $HEDGE offers an opportunity that is beneficial to all types of investors because of how dynamic our system is. All you have to do is hold $HEDGE to diversify your portfolio. It is the perfect solution to new investors who are looking to diversify their portfolio, but don’t have the time to do all of the research. So to answer your question, yes! $HEDGE is perfect for new investors!
[Q4]- What is the most ambitious goal of Project ? I would appreciate it if you could share with us any Upcoming Updates?
[DEV CARM]- Our most ambitious goal in the short term is to grow to a sustainable size where we can function as a booster for promising new projects. Through these partnerships we will not only grow HEDGE to higher levels, but provide early momentum to the projects we partner with. I cannot share exactly who but we will be announcing a partnership with a promising web3 payment solution project on Monday!
[Q5]- On your webpage it is mentioned that “The Most Rewarding Cryptocurrency Yet”, that a really monolithic claim, can you share details how will you be able to achieve what’s mentioned?
[DEV CARM]- Within 24 hours of launching $HEDGE we rewarded almost $70,000 in $XRP to our holders! Our tokenomics are designed in a way to deliver max rewards just for holding! So far we have rewarded over $120,000 in $XRP, $AVAX, and $BTC to HEDGE holders who don’t have the time to invest themselves!
👉 Join group — t.me/HedgeFinancial