Standard Tokenization Protocol (STP), a decentralized platform that enables the tokenization of any asset, is happy to announce a new partnership with HedgeTrade, a prediction platform for sharing token backed Crypto, Stocks, Sports and eSports information forecasts. Both parties will collaborate across global initiatives through new trading events and assets that expand both projects’ consumer bases and communities.
HedgeTrade will integrate STPT, an ERC-20 platform token native to STP Network, as a trading pair on its platform.
“With our headquarters in Singapore, APAC is a strategic growth market for HedgeTrade and we are happy to serve users in that market by partnering with Singapore businesses like STP Network (STPT) and offering their tokens for use in predictions on our social trading platform,” David Waslen, CEO and co-founder of HedgeTrade said. “We are sure our users will follow STP Network closely and we look forward to seeing some insightful blueprints using STPT tokens.”
By partnering with HedgeTrade, STP Network opens the gateway for global investors to seamlessly trade STPT on the HedgeTrade platform. Additionally this partnership will facilitate future collaborations where both communities can benefit from events, marketing activities, and shared community initiatives. STP Network will look to enhance the social aspect of HedgeTrade’s trading platform by engaging new users from different regions on the platform.
“STP Network is always looking for industry-leading partners in the blockchain space which is why we are happy to work with HedgeTrade,” Sinhae Lee, Co-founder of STP Network said. “Our focus is on innovation, like our recent DeFizone project. I’m pleased to have STPT as a trading pair on HedgeTrade and look forward to seeing the innovative predictions from pro and amateur traders.”
In June, STP Network announced the launch of DeFizone, an interactive Decentralized Finance (DeFi) aggregator that will give individuals exposure to a wide range of financial services. STP also allocated up to 50 million STPT in grants to DeFi projects and teams that wish to integrate with DeFizone and the STP ecosystem.
HedgeTrade is a blockchain-driven social trading platform where the world’s best traders share their knowledge. Traders post predictions into a smart contract-powered Blueprint that users can purchase or unlock in order to access. Traders are rewarded if the Blueprint is correct, otherwise the user’s purchase is refunded.
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