What Is Hxro (HXRO)?
HXRO is the native token of the Hxro trading platform. To be more specific, it's an options trading platform. By using options trading, investors can wager on the price of an asset in the future and benefit if they are correct. Hxro simplifies the trading process by employing a parimutuel options technology. Check out the Hxro price chart above if you're curious about its statistics and the current HXRO price.
Parimutuel options traders have to bet whether a crypto asset will take a bullish or bearish position during a specific timeframe. There are five possible timeframes: 1 minute, 5 minutes, 15 minutes, 1 hour, or 1 day.
Moreover, the platform has a trading automation tool called Hxro Bot. By leveraging an easy-to-use interface, it enables users to create advanced trading strategies that are completed automatically. Overall, it allows traders to mix up to 6 indicators for each market and timeframe. In addition, Hxro Bot is totally free and always accessible.
The Purpose of HXRO Tokens
HXRO token is the driving force of the network. It's stored on the Ethereum network as an ERC-20 token. It's a utility and governance token. In terms of governance, HXRO token holders are able to participate in the decision-making process considering the further development of the network. There is no maximum supply cap, meaning that there aren't strict deflationary measures in place to control the HXRO price.
In terms of utility, HXRO tokens can be staked to earn more HXRO tokens. Besides that, the tokens provide users with discounts on network fees and various network rewards.
If you're considering buying HXRO tokens, bear in mind that the HXRO price is prone to fluctuation. This happens because the asset is affected by the overall fluctuation of the whole cryptocurrency market in the same way that other digital assets' prices are.
