HedgeUp (HDUP), one of the few Web3 projects with an LGBTQ founder, has become one of the most attractive projects for the LGBTQ community in crypto. As a result, members of the community have been buying the HDUP token through its presale. A good number of these investors are long-time Litecoin (LTC) and Polkadot (DOT) holders.
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HedgeUp (HDUP) presale attracting investors
Founded by a member of the LGBTQ community, HedgeUp (HDUP) has become a magnet for other LGBTQ members in crypto. Investors across the spectrum are buying up the HedgeUp (HDUP) token via its presale. This is, in turn, pushing the project closer to its funding goals.
HedgeUp is building the first alternative assets marketplace in Web3. This marketplace will provide a platform for crypto investors to buy and sell alternative assets like gold, diamonds, jewelry, watches, artwork, and more using NFTs.
How?
The platform will tokenize products into NFTs. These NFTs will then be posted on the marketplace while HedgeUp stores the underlying assets in a secure and insured vault. When investors buy and sell the NFTs, they will essentially be trading the underlying alternative assets.
HedgeUp (HDUP) says its goal is to give investors in the crypto space a way to diversify their portfolio in a less volatile market. It wants to ‘challenge the status quo and bridge the gap between crypto investors and alternative asset classes.’
HedgeUp’s platform will also allow users to make fractional investments. This involves buying a portion of an asset. For example, if a diamond necklace goes for $30000, an interested investor doesn’t have to produce the full $30000 to invest in the asset. They can pay $300 and get an NFT that represents 1% ownership of the asset.
According to the founder, the goal of this feature is to make investments as accessible as possible. That way, people from disadvantaged communities will be able to easily invest in alternative assets. This is something that is near impossible to do in the traditional alternative assets market.
HedgeUp (HDUP) has shown a lot of potential. This is the biggest reason why the project has been able to attract a lot of investors to its presale. So far, the presale, which is in stage 3, has sold more than 100 million HDUP tokens and raised $1.289 million.
The token is currently selling for a discounted price of $0.020.
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Litecoin (LTC) and Polkadot (DOT) holders in the LGBTQ community buy HedgeUp (HDUP)
Litecoin (LTC) and Polkadot (DOT) holders in the LGBTQ community have shown their support for the project by buying the HedgeUp (HDUP) presale.
This can be attributed to the project’s mission to make investments accessible to people from all walks of life. It can also be explained by the fact that Litecoin (LTC) and Polkadot (DOT) have been losing value over the past few weeks. Therefore, investors are trying to hedge their bets by buying HDUP.
Polkadot (DOT) now trades at $5.35. This represents a 5.8% price decline in the last 7 days and a 9.2% decline in the last fourteen. Litecoin, on the other hand, is trading at $79.30, which is an 8.6% loss in value in the last 7 days and a 10.3% decline in the last fourteen.
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