This article was first published on NEM
Dave Waslen, CEO of HedgeTrade and Nick Pelecanos, Head of NEM Trading.
In this article we explore the partnership, how it provides benefit to the NEM Community and to HedgeTrade and Traders on the platform.
Can you introduce yourselves and your organisations?
DW: We started out with HedgeTrade as a site where experienced traders could earn money for sharing their predictions, kind of like an Instagram for trading calls. From the get go, we wanted to make sure there was a way to verify the accuracy of the trading call so that novice traders could pay to access insights without having too much risk. So essentially we began building HedgeTrade during the ICO boom and using smart contracts and blockchain technology we’ve come up with a system where each trading call is entered into a smart contract and traders only get automated payments when they’re correct. Newer traders have a hedge as they learn the markets and the pros can earn but are held accountable. As time has gone on, we’ve naturally been moving towards decentralized finance and creating tools for wealth building that are open to everyone, fun, and with all kinds of ways to earn.
NP: NEM NIS1 is one of the oldest blockchain protocols and Symbol - once launched will be among the first hybrid public/private solutions. In its 5+ years of operation, it has had no downtime and no chain hacks. As a blockchain protocol, it is highly scalable and easy to use offering multiple programming languages. NEM NIS1 is designed to be the bridge between real-world business and blockchain. Currently XEM, the native token of the NEM ecosystem is witnessing rapid growth as traders and investors alike buy in anticipation of the Symbol blockchain and XYM token snapshot. With increasing interest in the token price ...
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