East Asia EthTai – Symbol : hETW
This token is a East Asia EthTai, it derives its pricing from ETH and the Taiwan Dollar 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.
Increased Benefits
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.
VIEW ALL TOKENS
As a courtesy HootDex is sharing Yahoo Quote Links for traders to chart pricing outside of HootDex. Click below to view the chart:
Yahoo ETH/USD
Yahoo TWD/USD
LATEST CRYPTO & FINANCIAL NEWS
- FTX Cleared to Sell $873 Million in Grayscale Bitcoin Trust Shares and Other Holdings - Decrypt
- Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model - Cointelegraph
- Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’ - CoinDesk
- CME Bitcoin futures show investors betting on $40K BTC price - Cointelegraph
- BBB: What you need to know about cryptocurrency scams - WATN - Local 24
- Binance will end support for BUSD stablecoin in December - Cointelegraph
- Bitcoin briefly crosses $38,000 mark despite more fallout from Binance charges - CNBC
- 1 Top Crypto Stock To Buy For Bitcoin Exposure - Barchart
- Another Bitcoin ETF Hopeful Enters the Race - Decrypt
- One in Four Americans Own Bitcoin: Unchained Study - Bitcoin Magazine
- Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes - Cointelegraph
- Charlie Munger Meme Coin Pumps 31,000% After Bitcoin Hater's Death - Decrypt
- CoinDesk Revenue Slowed Before Sale to Bullish - The Information
- IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi - CoinDesk
- Charlie Munger: the aphorism-loving, bitcoin-hating sage behind Warren Buffett - The Guardian
- Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire - Cointelegraph
- Openings & Closings: La Caridad 72; The Concept Store; Bitcoin Center; Columbus Circle Holiday Market; HIIT The Deck - westsiderag.com
- Openings & Closings: La Caridad 72; The Concept Store; Bitcoin Center; Columbus Circle Holiday Market; HIIT The Deck - westsiderag.com
- Botanix Labs Launches First EVM-Equivalent Layer 2 Testnet on Bitcoin - Bitcoin Magazine
- Bitcoin Whale Soars to 72nd Rank in 2 Weeks, Gathering Over 10000 BTC Amid ETF Buzz – Bitcoin News - Bitcoin.com News