In order to satisfy the trading demand of various users, ZT will launch BSVBULL/USDT、BSVBEAR/USDT leveraged ETF products at 14:00 (GMT+8), April 11.
About leveraged tokens
BSVBULL and BSVBEAR are leveraged tokens issued by FTX on the ERC20 network, respectively:
- 3x long BSV(BULL)
- 3x short BSV(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》
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.
New Token,Great ZT!
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April 10, 2020