Eurasia EthTurk – Symbol : hETR
This token is a Eurasia EthTurk, it derives its pricing from ETH and the Turkish Lira in USD in real time with all transactions occurring on-chain on Pecu Novus. These digital assets are used for speculative purposes, hedging and risk management.
What is a CryptoPair?
CryptoPairs are an innovative concept in the cryptocurrency space that holds immense value for traders and investors. CryptoPairs on HootDex offer a unique way for traders to gain exposure to a certain markets in a basket without owning the underlying assets, eliminating gas fees and with swaps happening in lightning speed.
The Mechanics of CryptoPairs
CryptoPairs are tokens created on the Pecu Novus Blockchain Network that represent a combination of two to four different assets, ranging from digital assets and physical assets in various global currencies. The pricing of CryptoPairs is derived in a unique way: the real-time composite global pricing of each digital asset in the pair are combined along with a simple calculation. This formula creates a distinct token with a unique pricing structure, allowing traders to gain exposure to a basket of assets without directly owning each individual asset. The value of CryptoPairs to cryptocurrency traders and investors is significant.
They offer diversification opportunities by allowing exposure to multiple assets within a single token. This diversification can help mitigate risk and enhance portfolio performance, as it enables users to participate in the value movements of various assets simultaneously.
The increased benefits and opportunities will arise when centralized cryptocurrency exchanges globally list CryptoPairs on their platforms. Centralized exchanges play a crucial role in the cryptocurrency ecosystem by providing users with a regulated and user-friendly environment to trade digital assets. By listing CryptoPairs, these exchanges can offer their users access to a broader range of trading options and investment opportunities.
As a courtesy HootDex is sharing Yahoo Quote Links for traders to chart pricing outside of HootDex. Click below to view the chart:
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