Bundle Leveraged Tokens (BLVT) allows you to hold leverage on a cryptocurrency that can either multiply the loss or profit you gain on an asset.
For Example: If you buy a leveraged token let’s say “TRXUP”, it allows you to gain up to 4X more returns if the price of TRX should increase after your initial investment. Think of it as a booster coin.
You can trade BLVTs when you’re looking to:
The following steps below will show you how to trade BLVT:
And you’re done!
You can click here if you want to make to start trading BLVTs.
What is the Level of Leverage on BLVT 🎚
To minimise the risk of liquidation on leveraged tokens, BLVT’s have a target leverage range. This allows the leveraged tokens to maintain variable leverage between 1.25x and 4x.
Can I withdraw Binance Leveraged Tokens to my wallet 👛
No, only the buy and sell features are available.
How long should I hold a BLVT ⏰
Leveraged tokens should only be used for short-term trades. If you hold leveraged tokens for too long, there might be a potential negative impact on the token’s daily rebalancing which can affect your performance return.
What makes BLVT Unique? 😎
Because BLVT doesn’t have to maintain constant leverage, they can rebalance under extreme market volatility to maximise profits and minimise losses. Hence, they don’t rebalance every day.
The Bundle app has been optimised to give users a better experience when trading crypto on Bundle.
Bundle is partnering with 3air, the world’s first blockchain platform that brings millions of unconnected users online and into blockchain and crypto. They also solve the connectivity issues faced in Africa using a proprietary solution that provides high-speed broadband internet wirelessly.
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