Token Symbol: CHR5S

Brief:
CHR5S is a leveraged token that goes short on CHR with 5x leverage, which means that for every decrease in the price of CHR in the market, the leveraged CHR token seeks a 5x increase in its price. CHR5S is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 5% when the price of CHR falls 1%.

Due to such rebalancing and investment costs, CHR5S 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.

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.