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According to sources, members of the Irish Football Association have approved a resolution calling on UEFA to suspend Israels participation in European competitions.On November 8th, the Russian Ministry of Defense reported that Russian armed forces launched a large-scale attack on Ukrainian military-industrial enterprises and related energy facilities using high-precision weapons from the night of November 7th to the early morning of November 8th, hitting all targets. The report stated that the high-precision weapons used by Russia included the Kinzhal hypersonic ballistic missile. Russian air defense systems shot down 178 Ukrainian drones and two guided-missile bombs in the past 24 hours. According to reports from the Ukrainian Air Force and various levels of government agencies on November 8th, from the night of November 7th to the early morning of November 8th, Russian forces launched a large-scale missile and drone attack on Ukraine, damaging energy and railway facilities in Poltava, Kharkiv, Kyiv, and Dnipropetrovsk regions. Emergency power outages were implemented in multiple areas, including Kyiv, Kyiv, and Kharkiv. As of the morning of November 8th, the attacks had resulted in four deaths. The Ukrainian State Electricity Company posted on social media that day that several Ukrainian regions were experiencing emergency power outages due to the airstrikes, and industrial users continued to experience power rationing.Egypts Ministry of Petroleum: A new shipment of liquefied natural gas, amounting to 150,000 cubic meters, has been exported to Greece via a vessel chartered from Shell.On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.

Everything You Need to Know About Leveraged Tokens like TRXUP & BTCUP

Cameron Murphy

Apr 13, 2022 09:54


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In the crypto world, leveraged tokens are becoming more popular.


Binance leveraged tokens and FTX leveraged tokens are two prominent forms of leveraged tokens.

While leveraged tokens offer certain benefits, they also come with some hazards.


Because of the complicated principles and lack of knowledge, the world of cryptocurrencies is aptly referred to as the "wild west" of finance. To the untrained eye, the area seems to be a tangle of sophisticated currencies and ecosystems.


Leveraged tokens are one such complicated notion in the crypto-verse that will be examined in this post.

What are Leveraged Tokens?

Leveraged tokens, as the name indicates, provide traders and investors with a leveraged trading position. This would imply that while utilizing such tokens, profits and losses would be compounded.


Leverage coins, unlike typical trading techniques, are generally ERC-20 tokens that provide holders with leverage. Traders benefit from these tokens since they don't have to worry about margins or comprehend liquidation risk.


Customers may trade leveraged tokens on top exchanges including Binance, Bittrex, and FTX. By making this token class accessible to retail audiences, the same has functioned in its favor.


Leveraged tokens, unlike margin trading, let traders to obtain exposure to leveraged positions without putting up any collateral or risking liquidation. Traders, on the other hand, do not have to be concerned about liquidation risk or other hazards connected with leveraged tokens, such as the impact of price fluctuations in the perpetual contracts market, premiums, or funding rates.

Top Leveraged Tokens in The Market

Leveraged tokens are a collection of perpetual contract holdings whose value is linked to movements in the perpetual contract market. As a result, changes in the perpetual contract market have an impact on traders' leverage situations.


Some of the most popular leveraged tokens, such as TRXUP, BTCUP, and BTCDOWN, are linked to Tron and Bitcoin. TRXUP is a leveraged coin with a current price of $0.06156848 and a 24-hour gain of 4.02 percent, according to Coin Market Cap statistics. These coins are available for purchase on Binance, FTX, and other leading exchanges.


Binance, for example, provides leveraged tokens as a derivative that can be traded on the spot market. Leveraged tokens provide both fixed and variable leverage, and they rebalance themselves every day at 00:02:00 UTC or if the spot market price changes by 10%.


While leveraged tokens provide bigger earnings, they are vulnerable to volatility decay, or the negative effect of volatility on the investment. Another concern is that they often charge extra administration fees.


Daily management fees for top leveraged tokens like Binance Leveraged Tokens and FTX Leveraged Tokens are 0.01 percent and 0.03 percent, respectively.

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