Hedgely

The investment strategy game on the ethereum blockchain

The last few weeks…

Has the recent influx of ‘games’ on the blockchain sparked your curiosity for the real potential of dApps? This was the case for me, and it also taught me a lot about the Ethereum network in general and how it operates. However, as the hype has died down, it’s no longer as interesting watching the numerous clones of electronic collectibles or self-proclaimed pyramid schemes slowly bleed out…

What am I talking about?

The other week I noticed something called ‘hedgely’ being discussed in a ‘crypto games’ discord channel, which was aimed at being an investment simulation game, so I thought I would check it out…

Why is it different?

As alluded to above, hedgely is an investment strategy game — it allows players to place ‘stakes’ on 10 different assets with varying starting values, and at the end of each 20 minute game cycle, the players who have ‘stakes’ in the asset with the lowest price will win 8x their investment. If it ends on a tie, then the house wins, so complacency is not an option either!

This opens up numerous opportunities for direct applications of game theory depending on the starting distribution. It may be best to try ‘cover the floor’ early on and hope that one of your chosen ones will end up winning, or it may be best to wait and try slot in after the early starters, or you could even try and snipe people at the end as the countdown narrows. Even with just a few players in the mix, there are infinite ways in which the scenarios can play out!

It’s also worth talking to your fellow investors. Not every scenario has to mean that players are all against each other and sometimes in fact you will need multiple players to actually be able to break even — in which case you take to the chat! In other cases, however, it may be better to try and set a trap for newcomers by leaving a particular asset untouched, allowing you to later protect it! It’s also worth noting that this is a smart contract run on the Ethereum network, meaning that you are able to watch transactions in real time and also possibly beat people to them if you deem the cost worth it!

What’s next?

Hedgely has been running for a number of weeks, but was only recently relaunched on the main net after some balance tweaks to the game mechanics. The current game has a minimum stake of 0.001 Ethereum, making it accessible to most people. It’s been tested by a few of us to see how the game behaves at the lower end with fewer players, but we need your help to see how it behaves with more players and in different network conditions! We are also keen for people to give ideas, technical but at this stage also how to visually overhaul the site. The developer is keen to reach out to more testers to help us move on from the low stakes ‘beta’ and into the next tier which will be 0.01 stakes which shall be less affected by the network gas price fluctuations as a percentage of winnings.

Can I make money?

Hedgely will not allow you to make 10x your money overnight just by getting in early and relying on sheer luck and hype. It’s a strategy game in which will you have to compete with other players and the house to look for an edge over numerous discreet rounds lasting 20 minutes exactly. This means that if you study the patterns and talk to people, you can make money. There are also rewards for trading volume as well as a ‘share holder syndicate’, in case you cannot always rely on your strategies!

In summary…

Hedgely is a blockchain based strategy game which promotes logical thinking and encourages game theory situations to develop, with a minor element of luck. Come and see if you can beat the system… or just the other players in it!

Come and meet us at:

https://discord.gg/z74AqD2

For a more detailed explanation of the game mechanics, see below:

https://medium.com/@martin1209/a-more-in-depth-look-at-hedgely-5e67cd795931

More in depth strategy discussion to come in the future!