Token Symbol: KNC3S

Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates. No intermediaries, no sign-ups, no limits.

KNC3S is a leveraged token that goes short on KNC with 3x leverage, which means that for every decrease in the price of KNC in the market, the leveraged KNC token seeks a 3x increase in its price. KNC3S is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of KNC falls 1%.

Due to such rebalancing and investment costs, KNC3S 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.

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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 ourhelp center before making an investment.