| General information | |
|---|---|
| Global rank: | 3645 |
| Name: |
Amun Short Bitcoin Token |
| Symbol: | BTCSHORT |
| Current coin price (PHP): | 346 332.22 ₱ |
| Last hour: | arrow_upward0.010 % |
| Last 24 hours: | arrow_downward-0.060 % |
| Last 7 days: | 0.020 %trending_up |
| Capitalisation (PHP): | 0.000000 ₱ |
| Volume 24h (PHP): | 0.000000 ₱ |
| Available supply: | 0.000000 BTCSHORT |
| Algorithm: | ETH Token |
| Start date: | 28/04/2020 |
Amun Short Bitcoin Token/Philippine Peso (BTCSHORT/PHP) price chart
Amun Short Bitcoin Token/Philippine Peso (BTCSHORT/PHP) capitalisation and volume charts
BTCSHORT is an Ethereum-based inverse token that seeks to provide a notional exposure to the inverse or -1x the daily performance of Bitcoin on any given day. This means that if the price of Bitcoin increases by 5% in a day, BTCSHORT’s price will decrease by 5% in a day (before any fees or expenses are applied). BTCSHORT is strictly not a security, carries many risks, and is not suitable for risk-averse token holders and traders. This type of token is best suited for sophisticated, highly risk-tolerant token holders who understand and are comfortable with taking on the risks inherent to inverse tokens like BTCSHORT and understand the risks associated with holding tokens generally and inverse products in particular.
BTCSHORT offers a notional exposure to -1x the daily performance of Bitcoin. It is crucial that all token holders understand how compounding and the daily rebalancing of the token affects performance, especially in volatile markets. The tokens are designed for holding periods of equal or less than one day and holders need to consider their holdings each day.