ZT will list the leveraged tokens BCHBULL and BCHBEAR issued by the FTX derivative trading platform at 14:00 (GMT + 8) on February 28, 2020, and open BCHBULL / USDT and BCHBEAR / USDT trading pairs.
About leveraged tokens
BCHBULL and BCHBEAR are leveraged tokens issued by FTX on the ERC20 network, respectively:
- 3x long BCH (BULL)
- 3x short BCH (BEAR)
Leverage tokens are essentially ERC20 and BEP2 tokens with leverage. Different from traditional leveraged transactions, users do not need to pay any deposit when trading leveraged tokens. They can achieve the purpose of trading leverage by simply buying coins and selling coins. Please refer to the issuance mechanism and trading rules of leveraged coins:《Leveraged Token Trading Guide》
About the time when leveraged tokens are opened for deposit and withdrawal: 10:00, March 6, 2020 (GMT + 8)
Risk Reminder：Trading in digital assets comes with high risks due to huge price fluctuations. Before trading, please have a full understanding of all the risks of trading in digital assets and be prudent of your own decisions.
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February 27, 2020