Solana (SOL) has experienced a surge in price following an announcement that Helium (HNT) and HedgeUp (HDUP) would be migrating toward the platform.
The Helium (HNT)’s plan to migrate to the Solana blockchain and deployment of Oracles represents the most significant upgrade to Helium Network reliability and scalability. Helium’s decentralized network of hotspots totals almost one million as of Feb. 2023.
Also, news of HedgeUp (HDUP) migration to the Solana network sent the token’s price up. Following the news, HDUP’s value has seen an over 21% surge.
HedgeUp (HDUP)
HedgeUp is revolutionizing the alternative industry by allowing users to own a share in a wide range of assets for as little as $1 through fractional ownership of assets.
The platform’s native token, HDUP, offers holders many benefits. Investors and users can stake in HDUP tokens to access the alternative investment such as fine art, luxury watches, gold and private jets.
The platform plans to achieve this by partnering with high-end start-ups to facilitate users’ entry into the alternative investment market.
The HedgeUp NFT collection represents an induvial investment with an investment basket or various asset classes from their investment platform.
All products are stored in an insured and licensed vault, and users can own a percentage or 100% of the assets.
HedgeUp (HDUP) utility token holders can get many benefits, such as access to exclusive investment opportunities and online classes, discounts on transaction fees, governance voting rights, staking, and more.
The HedgeUp project has gained immense popularity as analysts and investors see a promising future for the platform and its native HDUP token.
Helium (HNT)
Helium (HNT) is a network that focuses on creating an internet of things (IoT) powered by physical hotspots. The platform’s native token, HNT, is used to reward participants for validating coverage and providing wireless hotspots.
Helium aims to prepare IoT communication for the future, having identified inadequacies in the current infrastructure.
The company recently announced the migration of Helium from its current layer-1 (L1) solution to the Solana platform — with the transition set to take place at the end of March.
With over one million hotspots worldwide across long-range and 5G networks, the move is expected to help Helium’s community focus on expanding decentralized wireless networks.
In a recent post, Helium encouraged its users to prepare for the transition, stating that the migration to the Solana network will allow its community to focus on building wireless protocols and enabling utility on these networks.
Once completed, HNT will become natively compatible with other platforms within Solana’s ecosystem, adding utility for MOBILE, HNT, and IoT token holders.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
