ondo-inr trading

What is the New ONDO/INR pair on Pi42?

Greetings, Pi42 traders!

The world of real estate investing just got more accessible! We’re thrilled to announce the arrival of Ondo (ONDO) on our platform. Now, Indian investors can leverage Pi42 to explore the innovative concept of fractionalized real estate ownership through ONDO tokens, all directly traded with the Indian Rupee (INR).

What is Ondo (ONDO)?

Ondo is a revolutionary platform that tokenizes real-world real estate assets, allowing investors to participate in the market with greater ease and affordability. Here’s what makes Ondo unique:

  • Fractional Ownership: Ondo unlocks the potential of fractional ownership, enabling investors to buy portions of valuable real estate assets through ONDO tokens.
  • Increased Liquidity: Ondo tokens offer a more liquid investment compared to traditional real estate, allowing for easier entry and exit from positions.
  • Transparency & Efficiency: The platform utilizes blockchain technology to streamline the investment process and provide greater transparency.

Key Features of Ondo (ONDO):

  • Security Token Offering (STO): Ondo leverages STOs to represent real estate assets on the blockchain, ensuring compliance and investor protection.
  • Real Estate Expertise: The Ondo team boasts extensive experience in real estate, carefully selecting and vetting properties for tokenization.
  • Transparent Investment Process: Ondo provides investors with clear and detailed information about each tokenized property.

Benefits of Trading Ondo (ONDO) on Pi42:

  • Tax Efficiency:
    • No TDS (Tax Deducted at Source): Simplify your tax calculations and avoid upfront deductions on your crypto trades.
    • No VDA Tax (Virtual Digital Asset Tax): Benefit from the absence of this recently proposed tax in India
    • Loss Offsetting: Offset potential losses from your crypto trades with your gains for tax optimization purposes.
  • Thinner Spreads: Pi42 strives to provide competitive bid-ask spreads, potentially leading to more favorable execution prices for your trades.

Ready to Explore Ondo (ONDO)?

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 ONDO-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.