First Lecture:What is Smart Token?

bithumb.proIssued on 2020/06/03 18:30    Content based on the original text . Link

1. What is Smart Token

Smart Token is a token whose yield rate is pegged to that of a certain underlying asset (e.g. BTC and ETH). The yield rate of the Smart Token BTCS (1x short BTC) is in the same rate but opposite trend of that of BTC, which means when BTC goes down 5%, BTC1S goes up 5%.When BTC goes up 3%, BTCS will go down 3%..

Smart Token is a spot product with no expiration date and no risk of blowing up. Smart Token is priced with USDT, and the initial net value is 100 USDT, and the trading mechanism is spot trading. Investors can buy or sell Smart tokens on the secondary market at any time.

 

2. What is the underlying asset of Smart Token?

 The token name indicates the underlying assets. For example, the underlying asset of BTCS is the BTC, the underlying asset of ETHS is the ETH.

 

There are significant risks in trading digital asset. Please know well of Smart Token and consider carefully whether digital assets trading are appropriate to your financial situation.

 

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Bithumb Global Team

Jun 4, 2020