Hedget Receives a Second Round of Strategic Investments Prior to Public Auction

In August, Hedget announced it had received a strategic investment from Alameda Research, the details of which were shared in this article: https://medium.com/hedget/hedget-enters-strategic-partnership-with-alameda-research-5e0817297bde?sk=ad4f862ce7fa85b3824cbb53c5fa51d4.
Now, we are pleased to announce additional investment from Alameda Research and from two more partners: Orion Protocol and AKG Venture. In this article, we will explore the details of these new investments as well as clarify details of the previously announced deal with Alameda Research.

In total, 200,000 HGET tokens are being purchased at a rate of $5 per HGET token as outlined below:
Alameda Research received 150,000 tokens in exchange for 750,000 USD
Orion Protocol will receive 20,000 tokens in exchange for 100,000 USD
AKG Venture will receive 30,000 tokens in exchange for 150,000 USD

The 200,000 tokens will be supplied from the reserve allocation. 60,000 of the tokens will be unlocked, and 130,000 of them will be released in equal amounts once per month over the course of one year and 10,000 will be locked for a year without unlock. The funds raised from these sales will be used to support HGET liquidity on both centralized and decentralized exchanges. To offset the effect of these tokens entering circulation, Hedget will lock the 4.5% allocated for promotion and other incentives for 1 year.

While most who have been following Hedget is familiar with Alameda Research, they may be wanting to learn more about Orion Protocol and AKG Venture. AKG Ventures is a blockchain asset management group and trading academy, one of the first backers of FTX exchange. For more details on Orion Protocol, check out the Medium article outlining our collaboration which will be coming soon.

A strong network of investment and development partners are key to our long-term success. We welcome our new partners and look forward to delivering an industry leading options platform!

Updated Token Distribution for the reference:

50%: Locked for Liquidity Mining, unlocked gradually, not more than 1m HGET tokens first year
18%: Reserve (Locked for two years, the use of it will be governed by DAO when it’s established)
10%: Team (Monthly unlock for 2 years)
17%: Token sales:
4.23% for public auction
8.77% for private sale (token unlock after public sale ends)
2% IEO at FTX exchange (including airdrop and promotion)
2% Strategic partnership round (Alameda Research, AKG Venture, Orion Protocol)
0.5% liquidity provision loan to Alameda Research for 1 year
4.5%: incentive tokens (for engaging users in participation in trading activities) — locked for one year