Introducing Bundle Leveraged Tokens

Bundle Wallet
2 min readDec 13, 2021

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Now you can earn more whether the crypto market is bullish or bearish.

What are Bundle Leveraged Tokens (BLVT)?

Bundle Leveraged Tokens (BLVT) allows you to hold leverage on a cryptocurrency that can either multiply the loss or profit you gain on an asset.

How do Leveraged Tokens work?

For Example: If you buy a leveraged token let’s say “TRXUP”, it allows you to gain up to 4X more returns if the price of TRX should increase after your initial investment. Think of it as a booster coin.

When can you trade BLVT?

You can trade BLVTs when you’re looking to:

  • Earn when you anticipate the market is going to dip — Buy BTCDOWN, BNBDOWN or TRXDOWN
  • Earn when you anticipate the market is going to rise — Buy BTCUP, BNBUP or TRXUP

How to trade Bundle Leveraged Tokens (BLVTs)?

The following steps below will show you how to trade BLVT:

  • Step 1: Open Bundle and go to the BLVT asset section.
  • Step 2: Tap on the BLVT you want to trade.
  • Step 3: Tap “Buy” if you want to buy the token or “Sell” if you have the token and want to sell it.
  • Step 4: Type in the amount of BLVT you want to buy/sell and then tap “Next”
  • Step 5: Confirm your purchase/sale

And you’re done!

You can click here if you want to make to start trading BLVTs.

Frequently Asked Questions

What is the Level of Leverage on BLVT 🎚

To minimise the risk of liquidation on leveraged tokens, BLVT’s have a target leverage range. This allows the leveraged tokens to maintain variable leverage between 1.25x and 4x.

Can I withdraw Binance Leveraged Tokens to my wallet 👛

No, only the buy and sell features are available.

How long should I hold a BLVT ⏰

Leveraged tokens should only be used for short-term trades. If you hold leveraged tokens for too long, there might be a potential negative impact on the token’s daily rebalancing which can affect your performance return.

What makes BLVT Unique? 😎

Because BLVT doesn’t have to maintain constant leverage, they can rebalance under extreme market volatility to maximise profits and minimise losses. Hence, they don’t rebalance every day.

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Bundle Wallet
Bundle Wallet

Written by Bundle Wallet

Bundle is a social payments app for cash or crypto

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