Guidelines for Beginners on Leveraged Tokens

Web

• What are Leveraged Token Products?

Leveraged tokens are a type of financial derivative. It is a trading product that tracks the increase or decrease in the quantity of an underlying asset (such as BTC) within a certain period of time (e.g., 3 times, 5 times, or -3 times, -5 times). If the price of BTC rises by 1%, the corresponding 3x and 5x leveraged token products will rise by 3% and 5% respectively; while the corresponding -3x and -5x products will fall by -3% and -5% respectively.

• Leveraged token products have the following characteristics:

There is no need for a margin, and there is no risk of liquidation (Risk Warning: If the direction is wrong, there will be a risk that the price will approach zero in extreme situations). For investors who don't have much time to keep an eye on the market, purchasing leveraged token products can save a great deal of time and energy.

• What is the naming rule of leveraged token products?

BTC3L represents a 3x leveraged long position of BTC, while BTC3S represents a 3x leveraged short position of BTC.  

 

For Buying,

1. Go to LBank Website and login to your account 👉 https://www.lbank.com/
2. Tap [Trade] - [Leveraged Tokens].

3. Tap [Buy], select [Limit], [Market] or [Trigger] to define your order type.
4. Input [Amount] before tapping on [Buy].

5. Review your Order Confirmation and tap [Confirm] if no changes.
6. To revert to the last action for changes, please tap [Cancel] to close the pop-up.

7. After your order is processed, you can check the record in Order History below the chart.
8. The most recent record will be listed on top.

For Selling,

1. Tap [Sell], select [Limit], [Market] or [Trigger] to define your order type.
2. Input [Amount] before tapping on [Sell].

3. Review your Order Confirmation and tap [Confirm] if no changes.
4. To revert to the last action for changes, please tap [Cancel] to close the pop-up.

5. After your order is processed, you can check the record in Order History below the chart.
6. The most recent record will be listed on top.

Note:

1. A Limit order is to buy or sell at a specific price or better. Limit orders are not guaranteed to execute.
2. Market order is immediately matched to the best available market price.
3. Trigger orders allow traders to set target prices in advance. Only when the price reaches this level will a Limit or Market order be triggered.
4. In case of translation discrepancies, the English version prevails.