What is 3X long Bitcoin token?

BULL, the 3X Long Bitcoin Token, represents a Bitcoin long position with 3x leverage. BULL tokens are created to track BTC movements by +3x. If BTC increases 1% in 24 hours, BULL is expected to increase 3%. If BTC decreases by 1%, BULL is expected to decrease by 3%.

How do I get 3X long Bitcoin tokens?

If you would like to know where to buy 3X Long Bitcoin Token, the top cryptocurrency exchanges for trading in 3X Long Bitcoin Token stock are currently FTX, AscendEX (Bitmax), Poloniex, Bittrex, and Serum DEX. You can find others listed on our.

What is 10X long Bitcoin token?

10X Long Bitcoin Token (MOON) is an ERC20 token which seeks a return that corresponds to 10 times the daily return of Bitcoin.

What is a 3X short token?

3X Short Bitcoin Token is an FTX issued leveraged token which seeks a return that corresponds to -3 times the daily return of Bitcoin.

How do 3x stocks work?

As with other leveraged ETFs, 3x ETFs track a wide variety of asset classes, such as stocks, bonds, and commodity futures. The difference is that 3x ETFs apply even greater leverage to try to gain three times the daily or monthly return of their respective underlying indexes.

What is 3L Crypto?

Answer. 3L and 3S are both tokens. They will move in theory 3x’s as much as the regual coin. For examle if ADA moves 1%, the 3L will move 3%. THe L token will go up, when ADA goes up.

How do I get 3X long sushi tokens?

How to Buy 3X Long Sushi Token (SUSHIBULL) [For Beginners]

  1. 1.1 Visit Binance’s Website (https://www.binance.com/en) Sign Up Binance Now.
  2. 1.2 Fill in your trading details.
  3. 1.3 Allow 2FA-Two-factor authentication (Optional)

How do FTX leveraged tokens work?

How Do Leveraged Tokens Work? Each leveraged token gets its price action by trading FTX perpetual futures. For instance, say that you want to create $10,000 of ETHBULL. To do so you send in $10,000, and the ETHBULL account on FTX buys $30,000 worth of ETH perpetual futures.

Is Safemoon on FTX?

The circulating supply for both Safemoon and FTX Token. The percent change for the last day is 5.09 for SAFEMOON, and 2.34 for FTT. The % change for the last week is 17.52 for SAFEMOON, and 17.52 for FTT. The exchange rate for 1 SAFEMOON to FTT on [current_day] can also be checked there.

How does Bull XRP work?

XRPBULL Price Live Data 3x Long XRP Token is up 9.06% in the last 24 hours. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%. Users can buy leveraged tokens just like normal tokens on a spot market.

What are 3X long shares?

Leveraged 3X ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the respective underlying index. Such ETFs come in the long and short varieties.

Can you hold a leveraged ETF long term?

The answer is a resounding NO. Leveraged ETFs are designed for short-term trading. Due to a phenomenon called volatility decay, holding a leveraged ETF long-term can be very dangerous.

What happens when you hold a leveraged ETF?

Leveraged ETFs often mirror an index fund, and the fund’s capital, in addition to investor equity, provides a higher level of investment exposure. Typically, a leveraged ETF will maintain a $2 exposure or $3 exposure to the index for every $1 of investor capital.

What is 3X long Dogecoin?

3X Long Dogecoin Token (DOGEBULL) is an ERC20 token which seeks a return that corresponds to 3 times the daily return of Dogecoin.

Can you make money with leveraged tokens?

Leveraged tokens are short-term investment products If you buy and hold ETH and the price increases over time, you’ll make a profit — no matter what happens to the market on a day-to-day basis.

Is FTX allowed in Canada?

Trading Trump 2020 and other prediction contracts is not permitted by residents of the United States, Canada, the European Union, Hong Kong, the United Kingdom, Singapore, the UAE, Cambodia, Turkey, and other FTX prohibited jurisdictions.

Are leveraged tokens safe?

Leveraged tokens are not a substitute for holding assets in the spot market. However, they provide additional options for traders to gain more exposure and profit in short-term trends. There’s nothing wrong with leveraged tokens if held by the right hands.

How do I sell my FTX tokens?

You can trade the leveraged tokens on FTX spot markets. Go to the token page and click on ‘trade’ for the token you want. You can also go to your wallet and click ‘CONVERT’. There is no fee on this, but the price will depend on market conditions.

How is leveraged Bitcoin?

The estimated leverage ratio is calculated by dividing futures open interest across all exchanges by bitcoin reserves on exchanges. The leverage ratio currently stands at 0.19, the highest since last November.

Is Safemoon on Coinbase?

SafeMoon is not supported by Coinbase.

Can you swap ETH for Safemoon?

To exchange Ethereum to Safemoon, you need to move to the exchange widget: On the page, indicate the coin that you wish to sell and the number of coins. Choose the crypto to buy. Copy the wallet address to get the exchanged crypto money.

What is LPN token?

LPNT is an abbreviation for the Luxurious Pro Network Token Group. The group is a leader in the domain of forex trading and luxurious transportation services. The group has now launched a cryptocurrency named LPN Token to revolutionize the finance industry and the way users transact.

What is XRP contract address?

XRP Token (XRP) ERC20 Token in Binance Smart Chain Mainnet. Token is implemented as ERC20 smart contract with address 0x1d2f0da169ceb9fc7b3144628db156f3f6c60dbe .

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