Token Symbol: AMB3L
Brief:
AirDAO is an ecosystem of dApps powered by the Ambrosus Network and available through a single dashboard. AirDAO merges an integrated product strategy with blockchain technology to bring accessibility and consumer-focus to Web3. AMB is the native token of AirDAO. AirDAO, a decentralized autonomous organization (DAO) that would govern the Ambrosus blockchain and its network of dApps while itself being governed by the community.** Furthermore, AirDAO would allow Ambrosus supporters to not only shape the direction and decisions of the AirDAO ecosystem, but to be rewarded for doing so.Meanwhile, AirDAO would also focus on building products that stripped the complexity from Web3, delivering its benefits simply to any user through a single interface. AirDAO will continue to build out its suite of products with a specific focus on a native AMB wallet, stablecoin solution, and DAO tools enabling new AirDAO partners to launch their own subDAOs via tiered multisig technology.
AMB3L is a leveraged token that goes long on AMB with 3x leverage, which means that for every increase in the price of AMB in the market, the leveraged AMB token seeks a 3x increase in its price. AMB3L 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 AMB goes up by 1%.
Due to such rebalancing and investment costs, AMB3L 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://airdao.io/
Whitepaper：https://air-dao.notion.site/AirDAO-Academy-2c253d49da1e4717a5e5bbab696afd45
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.