Review on 3X Long Bitcoin Token by Xelil Eyvazov
BtcBull Token
..When you are simple to exemplify the ethbull, if we will exemplify ethmen, you are as if you have done 3x eth long process. In other words, ethereum price increases 1%, ethbull is increased by 3%, or if 1% ethereum falls 3% decline.
The advantage of this parity is trading in the normal exchange, you do not need to follow any of the collateral, margin, liquidity prices and so on the leveraged stock exchange. Simplified allows you to make leveraged action. The prices show small differences with the Binance as it is according to the FTX term processing stock market.
The pricing of these currencies is serious risk as in all of the leveraged transactions. To understand the 3x leverage, to give an example; If the price of Bitcoin increases 2% when 10,000 is $ 10,000, the price is $ 10.200, if you are traded as Bull at that price, 3X comes to $ 10.600 with leverage. In this respect, the high gain promises but the same as 2% decrease in the spot market, while the Bitcoin price in the Spot market is falling for $ 9800, your 3X leveraged money has fallen to $ 9400. Bear allows you to short with 3x leverage. So as you know it will be a decline in Bear you win.
The advantage of leveraged Tokens is normally unlimited if you open 3x Long position in futures and 33% decreases the money is liquidally reset and fully reset. In the leveraged tokens, such as Ethbull, it prevents completely liquidation by selling the market as the market falls, and even if a decline of 33% remains a little token.
Nightly at closing (03:00 pm € 03:00) at Token prices and the leverage rate is regressed again. The FTX is described in the balancing example as follows; For example, I suppose that Ethbull owners are $ 20,000 and + 150 eth, and that ETH has been traded from $ 210. Ethbull's net asset value (- 20.000 + 150 * $ 210) = $ 11,500 per Token and ETH status 150 * $ 210 = $ 31.500 per Token. Therefore, the leverage ratio is 2.74x and the promised 3x must take more ETH to return to the remainder and does it at 00:02:00 UTC (TSI 03:02).
Pros
- Ercc-20 Blokchain
- Name has Bitcoin
Cons
- Not Famous token
