Details
Asset Name 3X Short Bitcoin Token
Trade Ticker BEAR
Logo Icon
Asset Type Token
Subtype ERC20
Total Supply 178,314
Proof Type PoS
Algorithm ethash
Website https://ftx.com/tokens/BEAR
Explorer https://etherscan.io/token/0x016ee7373248a80bde1fd6baa001311d233b3cfa
Coingecko https://www.coingecko.com/en/coins/3x-short-bitcoin-token
Base ETH
Description

FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.

Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.

To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough here: (https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough)

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