Token Symbol: KAS3S
Brief:
Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to the principles Satoshi embedded into Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers goal is to increase the number of blocks per second substantially, attracting the development of smart contracts and DeFi.
KAS3S is a leveraged token that goes short on KAS with 3x leverage, which means that for every decrease in the price of KAS in the market, the leveraged KAS token seeks a 3x increase in its price. KAS3S 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 KAS falls 1%.
Due to such rebalancing and investment costs,KAS3S 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://kaspa.org/
Whitepaper：https://kaspa.org/about-kaspa/
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.