How to Eradicate ICO Scams with Blockchain?

From this article you will learn how DeHedge protects investments in ICOs and cryptocurrencies, safeguarding investors in case of exchange rate fluctuations, scams, and project cancellations
31 January 2018   1303

Crypto investments are considered risky, because there are no government or other regulators able to stabilize the market and facilitate trading of national currencies. One of the ways to mitigate financial risks is to make use of hedging agents or risk reduction tools. DeHedge aims to create hedging tools for the cryptocurrency and ICO market, providing the opportunity to hedge investments against fluctuations in cryptocurrency and token prices.

What is DeHedge?

DeHedge is engaged in the creation of conditions for safe investment in cryptocurrency funds and ICO projects and minimization of risks through the creation a financial cushion for investors. DeHedge was the first to enter the ICO market with a program aimed at combatting unscrupulous entrepreneurs eager to cash in on the uncontrolled flow of large sums of money in the new cryptocurrency industry.

The essence of the project revolves around hedging investments in cryptocurrencies through a smart contract, blockchain-based system backed by a reserve fund, allowing investors to recoup any losses sustained from investments into ICO projects. DeHedge offers investors the chance to retain their original investments in case of events leading to drops in the exchange rates of the project tokens they hold.

DeHedge Advantages

  • For ICO Investors. Safety of users' investments
  • For Cryptocurrency Traders. Protection against exchange rate volatility
  • For Heads of Investment Funds. Profitability and new investors
  • For ICO projects. Investors and protection against post-listing pump & dump schemes
  • For ICO Trading Venues. Attracting large investments in a project
  • For Crypto Exchanges. Transactions hedging between clients
  • For Crypto Wallets. Hedging against hacks and customers' protection
  • For Mining Farm Vendors. Protection against exchange rate volatility

Hedging Strategy

For ICO Investments

  • Step 1: Investments and Hedging. An investor buys ICO A tokens and checks if this ICO is hedged at DeHedge.com. If the ICO scored at DeHedge, the investor buys a DeHedge token at its exchange rate and uses it to pay for the hedging coverage. The price is calculated automatically.
  • Step 2: Automatic Pay Out. In case of a hedged event, DeHedge automatically pays out. DeHedge allows hedged users to customize their payout settings.

Hedging reserve chart
DeHedge Investment Strategy

For Token Exchange Rates

  • Step 1: Choice of Terms and Payment. The investor chooses a traded token, the hedging period, and the range of exchange rate changes covered by hedging. The investor pays for hedging coverage with DeHedge or Ether tokens.
  • Step 2: Automatic Pay Out. In case of a hedged event, DeHedge automatically pays out. DeHedge allows hedged users to customize their payout settings.

DeHedge Founders Board

Mikhail Chernov

Michail Chernov

The founder of four IT companies, a tutor of the Sberbank project and Google Business Class, graduate of the Moscow School of Management Skolkovo. He argues that the development of the cryptocurrency market depends on the safety of investments and the reliability of business projects, thus allowing the market to avoid a fate similar to the DotCom crisis of the early 2000s.

Dmitry Ansimov

Dmitry Ansimov

A PhD in economics, former partner of Troika Dialog, and graduate of the Moscow School of Management Skolkovo. He claims the project aims at making the market less speculative, giving each figure a meaning and justification, ridding the market of scams. As the crypto-market is still very new, it is in desperate need of regulation and addition of necessary instruments to make it more civilized.

DeHedge Token Sale Information

DeHedge is preparing for its ICO in spring of 2018 and plans to raise the funds needed to form a reserve fund to conduct its operations. In March, a large press conference with the authors of the project Mikhail Chernov and Dmitry Anisimov is planned at a prominent thematic event.

  • Start of ICO: March 2018
  • Accepted currencies: ETH, BTC
  • Minimum investment. 0.25 BTC or 5 ETH
  • Number of tokens for sale: 10B DHT
  • Token price: 1 DHT = $0.0165

DeHedge Token DistributionDeHedge Token Distribution

Documentation

  • Whitepaper
  • One-Pager

More Information

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   60

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.
 

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.