Dear users,
ETCBULL and ETCBEAR will be available on Biconomy; we support ETCBULL/USDT、ETCBEAR/USDT trading pair and invite you sincerely to experience!
ETCBULL、ETCBEAR Available for Deposit: March 3, 2020, at 20:00 (GMT+8).
ETCBULL、ETCBEAR Available for Trading: March 3, 2020, at 20:00 (GMT+8).
ETCBULL、ETCBEAR Available for Withdrawal: March 3, 2020, at 20:00 (GMT+8).
About ETC
ETC, EthereumClassic is a decentralized smart contract platform with applications that run completely in accordance with the program, without failure, review, fraud, and interference from third parties. Ethereum Classic is a continuation of the original Ethereum blockchain-it retains the unmodified history of the classic version; it is protected from external interference and subjective tampering with transactions.
About ETCBULL, ETCBEAR
ETCBULL, ETCBEAR are ERC20 tokens that have leveraged exposure as shown below:
3X Long ETC Token (ETCBULL)
3X Short ETC Token (ETCBEAR)
Leveraged tokens are ERC20 tokens that have leveraged exposure to crypto. Using ETCBULL, a 3x long ETC token as an example, for every 1% ETC goes up in a day, ETCBULL goes up 3%; for every 1% ETC goes down, ETCBULL goes down 3%.
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the leveraged tokens work, please read a detailed guide and walkthrough here:
https://biconomy.zendesk.com/hc/en-us/articles/360039149532-Leveraged-Token-Walkthrough
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Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Biconomy will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.
Thanks for your support!
Biconomy Team
2020/3/3