Dear users:
DragonEx launches leveraged token trading pairsin the DX market at 15:20 on August 28, 2020 (UTC+8).
Trading pairs:
BTC2L/DC (2X LongBTC), BTC2S/DC (2X Short BTC)
ETH2L/DC (2X LongETH), ETH2S/DC (2X Short BTC)
About Leveraged Tokens:
Leveraged token is a token with leverage function (not on chain), and the corresponding return is 2 times or -2 times the return of the token. Unlike traditional leveraged trading, users do not need to pay any margin when trading leveraged tokens, and the purpose of trading leverage can be achieved only through simple trading, for example：
BTC2L holders can get 3 times leveraged income when BTC rises;
BTC2S holders can get 3 times leveraged income when BTC falls.
Rate:
Commission fee: Maker 0.05%, Taker 0.1%
Management fee: 0.05%/day, charged at 08:00 (UTC+8) every day
Rule description:
- DT mining is not applicable to leaveraged tokens;
- The commission fee generated by the trading pair is used for monthly burn before announcing the “DragonEx Star Program”;
- The commission fee from the leveraged token zone and the DT in the DT ecological zone will burn on the first business day of each month, and will be postponed to the first business day if there are holidays.
- Starting from 15:00 on August 28, 2020 (UTC+8), Except USDT/DC remains 0 commissions, other DC trading pairs will no longer be applicable in transaction mining(Including DT/DC), and the commission income of the transaction pair will be used for purchasing DT.
Leveraged Tokens: DragonEx Leveraged Tokens Guide
Risk warning:
Leveraged tokens are more suitable for unilateral market or trend market. At this time, the performance and advantages of leverage will be more obvious; Please pay attention to the risks and invest within the scope of your own responsibility.
DragonEx Team
August 28, 2020
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