DeHedge Aimed at Eradicating ICO Scams

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.

The author of DeHedge is Mikhail Chernov, the founder of four IT companies, a tutor of the Sberbank project and Google Business Class, and 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.

The co-author of the project is 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 is preparing for its ICO in the 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.

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