First Step
What is Penals Protocol?
Penals is a decentralized derivatives exchange designed specifically for trading NFT-based perpetual contracts. It revolutionizes the NFT market by expanding trading opportunities, enhancing liquidity, and offering advanced trading features. With Penals, users can engage in leveraged trading, take long or short positions on NFTs, and speculate on future price movements without the need to own the underlying assets.
Penals provides a secure, professional, and user-friendly platform that caters to the diverse needs of NFT traders. Whether it's hedging against market volatility, engaging in speculative trading strategies, or capitalizing on arbitrage opportunities, Penals empowers traders with a range of tools and features to execute their strategies with ease.
What Sets Penals Apart:
Unprecedented Trading Opportunities: Penals introduces groundbreaking features that allow traders to short NFTs without the necessity of owning the assets. This unlocks a whole new realm of trading strategies, including hedging, speculation, and arbitrage, providing traders with more flexibility and potential profits.
Leverage Trading: By significantly reducing the entry barrier, Penals enables investors to leverage their capital and take positions in popular NFT collections with up to 50x leverage. This feature amplifies potential gains and allows traders to access a broader range of NFT markets.
Competitive Trading Fees: Penals distinguishes itself by offering some of the lowest trading fees in the industry. Unlike other platforms that impose high royalty fees and transaction costs, peSkeeps fees minimal, with only a 0.15% taker fee and 0.15% maker fee. This ensures that traders can maximize their profitability while minimizing expenses.
Enhanced Liquidity for the NFT Market: Penals aims to enhance liquidity across the entire NFT industry by providing a platform that facilitates seamless trading and robust market depth. By attracting a diverse range of traders and actively supporting market-making activities, Penals contributes to a vibrant and liquid NFT ecosystem.
Penals is committed to providing a seamless trading experience for NFT derivatives, empowering traders with the tools and features they need to navigate and thrive in the evolving world of digital collectibles.
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