Token Symbol: POWR5L
Brief:
PowerLedger (POWR) is an Australian energy trading platform that allows for decentralized selling and buying of renewable energy. The platform provides consumers with access to a variety of energy markets around the globe and is meant to be scalable to various energy infrastructures and regulations. The market is based on a dual-token ecosystem with POWR and Sparkz. POWR tokens allow consumers and hosts providing energy to interface with the ecosystem and are protected through Smart Bond technology. POWR tokens can be converted into Sparkz tokens, which can be used for transactions in the energy exchange market.
POWR5L is a leveraged token that goes long on POWR with 5x leverage, which means that for every increase in the price of POWR in the market, the leveraged POWR token seeks a 5x increase in its price. POWR5L 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 POWR goes up by 1%.
Due to such rebalancing and investment costs, POWR5L 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://www.powerledger.io/
Whitepaper：https://www.powerledger.io/company/power-ledger-whitepaper
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.
