Anyone know something about FTM3l Pionex Leveraged Token?

Answer

That token is when you believe that FTM will rise in price. The 3 is a symbol for the type of leverage. So in theory if FTM moves up 1% then FTM3L should go up 3%.

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  1. I can close the bot and receive in token? If it hits stop loss mean token will be sold for USDT? If i want to hold token, does it mean i dun put "stop loss" at all ?
  2. Is leveraged token legit? Anyone knows the underlying asset supporting it?
  3. When i stop the bot the token will be "transfered" to my wallet in token form? So best i dun put stop loss right?
  4. What are Pionex Leveraged Tokens
  5. Does anyone use rebalancing bot? and if so, how do you pick the coins for rebalancing? :)
  6. It would be great if we could set our trigger/close bot parameters for our leveraged token bots at the actual price of the coin. So instead of “1.45” we could set it to stop at $2400 or something.
  7. Can one learn how to trade leveraged token here?
  8. Why is the price of the leveraged token different from the spot price?
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