BAL3SPrice

(BAL3S)

BAL3S (with the token symbol BAL3S) is a leveraged token product. It is designed to provide traders with exposure to three times the inverse (short) value of another token, identified as BAL. The project is described as a financial derivative product. Generally, LBank performs a rebalance of BAL3S every 24 hours. This rebalancing is done to prevent a significant difference between its actual net value and the intended leverage ratio of the portfolio. If there are sharp market fluctuations where the underlying asset's price changes beyond a set threshold compared to the last rebalance point, LBank may perform rebalancing sooner. For 3x leveraged short and long tokens, this threshold is initially set at 15%. Users are advised that leveraged token products are considered high-risk financial derivatives, and their value could potentially approach zero under extreme market conditions. While the BAL token that BAL3S is leveraged against is not explicitly defined in the context of BAL3S information, a separate "BAL" coin is noted as being built on the Solana blockchain. However, there is no official description available for this particular BAL coin, and users are encouraged to do their own research regarding it. Learn more

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Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.