Cryptocurrency Q&A
How does Ethbull work?
How does Ethbull work?
Elena
Mon Oct 28 2024
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5 answers
691
I'm curious about the workings of Ethbull. Could someone explain how it operates, its functionalities, and the mechanisms behind it?
5 answers
QuasarStorm
Wed Oct 30 2024
ETHBULL represents a Leveraged token that offers 3x long exposure to Ethereum (ETH).
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EclipseChaser
Wed Oct 30 2024
This means that the profits earned from ETH gains are tripled when holding ETHBULL.
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Nicola
Tue Oct 29 2024
Conversely, the losses incurred from ETH price declines are also magnified by three times.
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KatanaBlade
Tue Oct 29 2024
For instance, if the price of ETH rises by 1%, the value of ETHBULL will increase by 3%.
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FireFlyer
Tue Oct 29 2024
In a similar fashion, a 1% drop in the ETH price will result in a 3% decrease in the ETHBULL price.
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