Token Symbol: HBAR5L

Brief:

Hedera Hashgraph (HBAR) is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance.The project relies on Hashgraph, an asynchronous Byzantine Fault Tolerant (aBFT) algorithm, to achieve network consensus.The HBAR token is used for staking, as well as multiple services in the network.

HBAR5L is a leveraged token that goes long on HBAR with 5x leverage, which means that for every increase in the price of HBAR in the market, the leveraged HBAR token seeks a 5x increase in its price. HBAR5L 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 HBAR goes up by 1%.

Due to such rebalancing and investment costs, HBAR5L 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://hedera.com/
Whitepaper:https://docs.hedera.com/hedera/getting-started/introduction

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.