trade neo with inr in India

What is the New NEO/INR pair on Pi42?

Greetings, Pi42 Fam!

We’re excited to announce the arrival of NEO (NEO) on our platform! Now, Indian investors can leverage Pi42 to explore the innovative NEO with INR pairs.

What is NEO (NEO)?

NEO, often dubbed the “Chinese Ethereum,” is a next-generation blockchain platform aiming to bridge the gap between traditional financial systems and the power of blockchain technology. NEO offers a unique two-token system:

  • NEO (NEO): The governance token that grants holders voting rights on the NEO platform.
  • NEP Gas (GAS): Used to cover transaction fees and fuel smart contract execution on the NEO blockchain.

Why Consider NEO?

Here’s what makes NEO an exciting addition to your Pi42 portfolio:

  • Smart Contract Versatility: NEO’s platform supports various programming languages, making it developer-friendly and fostering a diverse range of smart contract applications.
  • Scalability and Security: NEO utilizes a unique Byzantine Fault Tolerance (BFT) consensus mechanism to ensure high transaction throughput and robust security.
  • Regulation-Friendly Approach: NEO’s design aligns with regulatory considerations, potentially making it appealing for institutional adoption.

Key Features of NEO-INR on Pi42:

  • Direct INR Trading: Effortlessly trade NEO pairs using Indian Rupees (INR) for convenient access.
  • Competitive Spreads: Pi42 is committed to providing competitive bid-ask spreads, potentially leading to favorable execution prices for your trades.
  • Secure Trading Environment: Our platform prioritizes security to safeguard your crypto investments.

Market Overview (as of June 3rd, 2024):

  • Market Cap: ~$927 Million USD
  • Circulating Supply: 70.5 Million NEO
  • Price: ₹1180 INR
  • 1-Year Growth: 72%

Trade NEO-INR Today!

Ready to explore the NEO ecosystem on Pi42? Here’s a quick guide to get you started:

  1. Login: Access your Pi42 account.
  1. Navigate: Head to the trading terminal.
  1. Select the Pair: Choose NEO-INR from the dropdown menu.
  1. Define Your Position: Enter your desired investment amount, select your preferred leverage (if applicable), and adjust the percentage according to the minimum asset requirements.
  1. Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage your risk.
  1. Execute Your Trade: Click “Buy/Long” or “Sell/Short” based on your market analysis.
  1. 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.

Start your NEO journey with Pi42 today!