Author Topic: CRUDE.LVRG and it's potential for profit  (Read 525 times)

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Offline chigbolu

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CRUDE.LVRG is a leverage token, that derives it's value from the price change of Bitshares, due to Bitshares high volatility, the price change is calculated weekly and multiplied by 5, the resulting price is then reflected on the order books.
CLVRG is a new form of derivative market different from the options and margin market and carries much less risks than both, because collateral is not needed to open positions, only initial capital is required, to invest in CLVRG.
Profit is earned by the severe price flunctuations generated by the asset, wild swings up and down even at little percentage changes, is the perfect haven for cryptocurrency traders, who wish to make more profit.
It is worth noting that assets like this are already existing on other platforms, they include btcup, btcdown, ethup/down, wavesup/down, adaup/down, etc.... and they have been very successful.
CLVRG follows thesame principle as the other leverage asset, each LVRG token created = 5x its amount in bitshares, so when 1CLVRG is sold whether at profit/loss, it is equivalent to 5BTS being sold on the market.
CRUDE.LVRG as an FTX doesn't live to its potential because it's a UIA, a new smartcoin pegged to the price change of bitshares will be designed and C.NGN will be used as collateral. CRUDE.LVRG will now be used as a reward token for contributors to the bitshares-crude fund, it will follow a deflation pattern, as value increases, the reward decreases. The value of the token is calculated from the amount of CRUDE.BTSP held in the crude-leverage wallet.
To be eligible for rewards, a user must have at least 3million CRUDE.LVRG. The token's inflative supply is capped @ it's total value.
« Last Edit: March 05, 2021, 01:58:20 pm by chigbolu »

Offline chigbolu

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CRUDE.LVRG is a leverage token, that derives it's value from the price change of Bitshares, due to Bitshares high volatility, the price change is calculated weekly and multiplied by 5, the resulting price is then reflected on the order books.
CLVRG is a new form of derivative market different from the options and margin market and carries much less risks than both, because collateral is not needed to open positions, only initial capital is required, to invest in CLVRG.
Profit is earned by the severe price flunctuations generated by the asset, wild swings up and down even at little percentage changes, is the perfect haven for cryptocurrency traders, who wish to make more profit.
It is worth noting that assets like this are already existing on other platforms, they include btcup, btcdown, ethup/down, wavesup/down, adaup/down, etc.... and they have been very successful.
CLVRG follows thesame principle as the other leverage asset, each LVRG token created = 5x its amount in bitshares, so when 1CLVRG is sold whether at profit/loss, it is equivalent to 5BTS being sold on the market.