Token Symbol: MOVR3L
Brief:
Moonriver is an Ethereum Virtual Machine (EVM)-compatible blockchain that operates as a parachain on the Kusama network. Being EVM-compatible allows Ethereum-based applications to deploy on Moonriver. The network offers developers features, including deploying Solidity smart contracts, Web3-compatible API, oracle data feeds, and Ethereum network bridges. MOVR is the utility and governance token of the network, which can be used for network governance, pay transaction fees, earning rewards through providing liquidity and staking. MOVR is the utility and governance token of Moonriver.
MOVR3L is a leveraged token that goes long on MOVR with 3x leverage, which means that for every increase in the price of MOVR in the market, the leveraged MOVR token seeks a 3x increase in its price. MOVR3L 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 MOVR goes up by 1%.
Due to such rebalancing and investment costs, MOVR3L 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://moonbeam.network/networks/moonriver/
Whitepaper：https://docs.moonbeam.network/
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.
