For many altcoins, long-term success in the decentralized finance (DeFi) market is all about utility. Only a token with underlying use will stay relevant in the market for long. Decentraland (MANA) and The Sandbox (SAND) are among the earliest crypto tokens with comprehensive utility.
Now, a new cryptocurrency that could revolutionize the industry better is on the way. This is HedgeUp (HDUP).
Decentraland (MANA) and The Sandbox (SAND): pioneers of utility
The tokens, Decentraland (MANA) and The Sandbox (SAND), were launched in 2017 and 2019, respectively. Both have gone on to become symbols of decentralized virtual gaming.
MANA serves the gaming platform Decentraland. On the platform, people can play video games and monetize their gaming experience through NFTs. The virtual world has parcels of land. Each is represented by a unique non-fungible token (NFT) called LAND.
Players on Decentraland can buy and develop parcels of land and sell their NFTs for a profit. MANA serves as the primary medium of exchange in the ecosystem. People use it to purchase LAND and other NFTs on the platform. It is also used for staking and governance.
Sandbox (SAND), on the other hand, serves The Sandbox. Like Decentraland, The Sandbox is a decentralized virtual gaming platform where people can monetize their experiences. Creators can also create and host games and events in the virtual world.
Being the utility tokens of such pioneering projects has helped Sandbox (SAND) and MANA remain relevant since launch. They have retained good support despite the tumultuous market conditions of the past year and a half. Today, SAND trades for $0.573624, while MANA goes for $0.537134.
Now, a new token that promises to revolutionize what it means to have utility has entered the market.
HedgeUp (HDUP): a new kind of utility
HedgeUp (HDUP) is a token minted by the project, HedgeUp. It enjoys a level of utility that hasn’t been seen before in Web3.
HDUP will be the internal currency of the HedgeUp (HDUP) platform. The platform is the world’s first alternative assets NFT marketplace. It is built to allow for easy acquisitions in the alternative assets market.
The same way that NFTs on Decentraland and The Sandbox (SAND) are backed by in-game assets, valuable products like luxury watches, gold, jewellery, artwork, and more back NFTs on HedgeUp.
Traders in the marketplace will be able to use HedgeUp (HDUP) to make NFT purchases and pay trading fees. Holding the token also comes with several benefits. HDUP is designed to benefit early holders by giving them exclusive benefits and opportunities within the HedgeUp ecosystem.
Depending on the acquisition size, these include free HedgeUp (HDUP) NFTs, product listing signals, access to exclusive and rare product listings, and tutorials with experts. The biggest holders will also enjoy direct access to HedgeUp’s head of asset acquisition.
HedgeUp (HDUP) is currently on presale to give the opportunity to buy and accumulate it cheaply. It’s currently listed for $0.020.
Click the links below for more information about HedgeUp (HDUP) presale:
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
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