MANA3SPrice

(MANA3S)

MANA3S is a specialized leveraged token designed to offer triple the inverse daily return of MANA (Decentraland). This means if the price of MANA decreases by 1% over a day, the Net Asset Value (NAV) of MANA3S is anticipated to increase by approximately 3%. It serves as a tool for short-term speculative strategies, allowing participants to potentially profit from downward price movements of MANA without directly shorting the asset.

MANA3S achieves its 3x inverse exposure to MANA primarily through sophisticated futures trading strategies. This mechanism involves taking short positions on MANA futures. A crucial component of its operation is a rebalancing mechanism, which regularly adjusts the underlying futures positions to maintain the target leverage ratio. This daily rebalancing ensures the token consistently aims for its 3x inverse daily return, adapting to market fluctuations and managing the exposure.

A primary risk associated with MANA3S stems from its rebalancing mechanism, which can lead to significant divergence from its target leverage during periods of high volatility, especially over extended holding periods. The daily rebalancing is designed to achieve a specific daily return, not long-term cumulative returns. Therefore, holding MANA3S for more than one day, particularly in volatile or trending markets, can result in returns that are significantly different from 3x the inverse of MANA's performance, potentially leading to substantial capital decay. These tokens are generally designed for very short-term speculation.

MANA3S tokens are available for trading on various centralized cryptocurrency exchanges. For instance, LBank provides a platform where users can engage in trading MANA3S. These platforms also typically offer essential market data and educational resources related to MANA3S, helping users understand its mechanisms and potential trading opportunities. Always verify the token's availability and specific trading pairs on your preferred exchange.

During a share merger or consolidation event for a leveraged token, the total number of tokens held by an investor is typically reduced proportionally (e.g., to 1/1000th of the original quantity). The critical point is that while the quantity of tokens decreases, the overall value of an investor's holdings is designed to remain unchanged immediately after the consolidation. This adjustment is often performed to manage token price, preventing it from becoming too fractional. Trading of the token is usually temporarily suspended by exchanges while these consolidation procedures are being implemented.

Regarding MANA3S's tokenomics, the total and maximum supply are capped at 500 million MANA3 tokens. Interestingly, the current circulating supply is reported as zero. This indicates that while a significant number of tokens are authorized, their availability in the active market circulation might be managed dynamically or is currently not released. Understanding these supply metrics is crucial for grasping the overall economic structure of the token, although for leveraged tokens, daily rebalancing and underlying asset performance are often more critical drivers.