Token Symbol: BMT3L
Brief:
Bubblemaps is the first supply auditing tool for DeFi tokens and NFTs. Our unique and colorful bubbles make on-chain data easy to understand. Bubblemaps can be used to Investigate wallets, reveal connections, and see through the noise of blockchain data.
BMT3L is a leveraged token that goes long on BMT with 3x leverage, which means that for every increase in the price of BMT in the market, the leveraged BMT token seeks a 3x increase in its price. BMT3L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of BMT goes up by 1%.
Due to such rebalancing and investment costs, BMT3L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.
Official Website：https://bubblemaps.io/
Whitepaper：https://wiki.bubblemaps.io/bubblemaps-v2/how-does-it-work#what-are-bubbles
Risk Disclosure:
Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.
