Greetings, Pi42 traders! Get ready to explore and trade Hedera Hashgraph (HBAR) as it lands on our platform! Now, Indian crypto enthusiasts can leverage Pi42 to trade HBAR futures contracts directly with the Indian Rupee (INR).
What is Hedera Hashgraph (HBAR)?
Hedera Hashgraph is a revolutionary distributed ledger technology (DLT) platform designed for high-performance and secure transactions. Unlike traditional blockchains, Hedera utilises a unique gossip protocol to achieve:
- Faster Transactions: Hedera boasts significantly faster transaction speeds compared to traditional blockchains, enabling near real-time processing.
- Enhanced Security: Hedera’s Byzantine Fault Tolerance (BFT) consensus mechanism ensures a highly secure and reliable network environment.
- Scalability and Efficiency: The platform is designed for scalability, handling a high volume of transactions without sacrificing performance.
Benefits of Hedera Hashgraph:
- Low Transaction Fees: Hedera offers significantly lower transaction fees compared to other blockchain platforms.
- Sustainable Network: Hedera is built with an environmentally friendly design, minimizing its carbon footprint.
- Diverse Use Cases: Hedera caters to a wide range of applications, including micropayments, supply chain management, and tokenisation.
Key Features of Hedera Hashgraph:
- High Throughput: Hedera can process thousands of transactions per second, making it ideal for high-volume applications.
- Military-Grade Security: The platform’s BFT consensus mechanism offers unparalleled security for sensitive data and transactions.
- Scalable Architecture: Hedera is designed to scale with increasing demand, ensuring its long-term viability.
Trading HBAR-INR on Pi42:
Excited to dive into the world of Hedera Hashgraph? Here’s your guide to trading HBAR-INR on Pi42:
- Login: Access your Pi42 account.
- Navigate: Head to the trading terminal.
- Select the Pair: Choose HBAR-INR from the dropdown menu.
- Define Your Position: Enter your desired investment amount, select your preferred leverage, and adjust the percentage according to the minimum asset requirements.
- Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage your risk.
- Execute Your Trade: Click “Buy/Long” or “Sell/Short” based on your market analysis.
- Track Your Trade: Monitor your open positions in the “Orders and Positions” section below the trading chart.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.