Hedget

HGET Price

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.
   

Users will be required to put up collateral as they create different option products in order to guarantee the possibility of exercising the option. In the first version, 100% collateral is required. Physical and cash settlement is available. However, the platform would only allow certain combinations of expiry dates and strike prices to ensure that sufficient liquidity is available.

Hedget will also incorporate a decentralized exchange for trading option tokens. Options would be priced in stablecoins such as DAI, USDC and BUSD.

Option tokens are stored in a non-custodial manner, which means users are in control of their own funds. Assets are only transferred when option contracts are traded or exercised.
 

There is a 0.02% maker fee and 0.04% taker fee on the underlying assets. The difference between the two fees would be locked for 2 years in a special reserve governed by Hedget’s DAO. In the first 3 to 4 years, 0.02% settlement fees would be paid via the liquidity mining pool.

More details regarding the inner workings of Hedget can be found in their whitepaper.

How do I get HGET?

You can obtain HGET by purchasing them from an exchange such as FTX or Uniswap. Besides the two exchanges,you can find HGET trading on other various centralized and decentralized cryptocurrency exchanges.

Where can you buy Hedget?

HGET tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Hedget is Gate.io, where the most active trading pair HGET/USDT has a trading volume of $17.55 in the last 24 hours. Other popular options include LATOKEN and Uniswap V2 (Ethereum).

What is the daily trading volume of Hedget (HGET)?

The trading volume of Hedget (HGET) is $17.54 in the last 24 hours, representing a 159.30% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for Hedget (HGET)?

The highest price paid for Hedget (HGET) is BTC0.001476, which was recorded on Sep 12, 2020 (about 4 years). Comparatively, the current price is -99.10% lower than the all-time high price.

What is the all-time low for Hedget (HGET)?

The lowest price paid for Hedget (HGET) is BTC0.0₆9921, which was recorded on Jul 16, 2024 (3 months). Comparatively, the current price is 107.40% higher than the all-time low price.

What is the market cap of Hedget (HGET)?

Market capitalization of Hedget (HGET) is BTC3.7840 and is ranked #4151 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HGET tokens (1.8 Million tokens are tradable on the market today).

What is the fully diluted valuation of Hedget (HGET)?

The fully diluted valuation (FDV) of Hedget (HGET) is BTC3.7840. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Million HGET tokens are in circulation today. Depending on how the emission schedule of HGET tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Hedget compare against its peers?

With a price decline of -4.70% in the last 7 days, Hedget (HGET) is underperforming the global cryptocurrency market which is up 1.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Hedget (HGET) to MetaMask?

Adding Hedget (HGET) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import HGET as a token. You can copy HGET’s contract address (0x7968bc6a03017ea2de509aaa816f163db0f35148) and import it manually, or if you've installed MetaMask's chrome extension, add HGET to MetaMask with one click on CoinGecko.

Add HGET to MetaMask.