Greetings, Pi42 traders! We’re excited to announce the arrival of Immutable X (IMX) on our platform. You can now leverage Pi42 to effortlessly buy, sell, and trade IMX with Indian Rupees (INR).
What is Immutable X (IMX)?
Launched in 2021, Immutable X is a Layer 2 scaling solution built specifically for trading non-fungible tokens (NFTs) on the Ethereum blockchain. IMX serves as the native token that powers the ecosystem and incentivizes various participants.
Key Features of Immutable X:
- Scalability & Lower Fees: Immutable X addresses the scalability limitations and high gas fees associated with the Ethereum mainnet, enabling faster and more cost-effective NFT trading.
- Enhanced Security: Assets traded on Immutable X inherit the security of the underlying Ethereum blockchain.
- Immutable Trading: Transactions on Immutable X are irreversible, promoting trust and reducing the risk of fraud.
Trading IMX/INR on Pi42:
Ready to explore the potential of Immutable X? Here’s a quick guide:
- Login: Access your Pi42 account.
- Navigate: Head to the trading terminal.
- Select the Pair: Choose IMX/INR from the dropdown menu.
- Define your Position: Enter the desired investment amount, select your preferred leverage (if applicable), and adjust the percentage according to minimum asset requirements.
- Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage 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.
Unlock the Future of Secure and Scalable NFT Trading with IMX
The integration of IMX/INR on Pi42 empowers you to participate in the booming NFT market with the benefits of Immutable X’s Layer 2 solution, offering a faster, cheaper, and more secure trading experience.
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.