Two more crypto giants are listed in the leverage section of the Bitrue (BTR) exchange. Leverage tokens for Cardano (ADA) and Bitcoin (BTC) have been available nine days following the XRP launching.
Leverage Tokens Available For Cardano (ADA) & Bitcoin (BTC)
The Bitrue (BTR) team has officially announced that its newly introduced “Leverage” module now supports two currencies based on Cardano (ADA) and Bitcoin (BTC).
Hot on the heels of a successful $XRP launch for our new leverage tokens, we’re adding four more leverage tokens available right now!
— Bitrue (@BitrueOfficial) July 15, 2021
This version includes four tokens: Bitcoin shorts and longs (BTC3L, BTC3S), as well as Cardano’s pair (ADA3L, ADA3S).
This section was opened nine days ago by XRP “bullish” and “bearish” perspectives (XRP3L, XRP3S). Because it is XRP-centric, the Bitrue (BTR) community was ecstatic about this inclusion.
The Bitrue (BTR) platform also stated that many more tokens would be accessible in the “Leverage” area when its Twitter followers vote on the future upgrades:
“We’ll have many more in the future; let us know which coins you’d like to see in the comments section.”
What Exactly Are Leverage Tokens?
Leverage tokens should be considered both crypto-based derivatives and ETF-like synthetic assets. While the underlying asset price rises, the price of its “3X” token rises three times faster.
Meanwhile, if the price of a leverage token’s peg falls, its synthetic price might go close to zero.
“Fast Track” For Ethereum (ETH) Attackers
Bitrue (BTR) provided a “fast track” listing program for projects based on Cardano (ADA), Solana (SOL), XinFin XDC Network (XDC), and Hedera Hashgraph (HBAR).
According to an official statement posted on social media by the Bitrue (BTR) exchange, the platform will offer unique listing conditions for assets created on top of four high-performance blockchains.
Are you building a token on the #Solana, #Cardano, #HederaHashgraph or #XinFin chains? Then we want to get your project on Bitrue pronto, with trading and possibly #PowerPiggy support! We’ll build a long-term partnership & help foster your innovation
— Bitrue (@BitrueOfficial) July 14, 2021
Any token that uses Solana (SOL), Cardano (ADA), Hedera Hashgraph (HBAR), or XinFin XDC Network (XDC) smart contracts may be integrated into Bitrue’s (BTR) spot trading suite.
The project team just has to apply using a specific Google Form to get their token listed on Bitrue (BTR). In addition to access to Bitrue’s userbase, newly listed tokens will receive marketing and advertising assistance.
According to the release, Bitrue (BTR) regards four projects as new-generation smart contract platforms that pose a threat to Ethereum’s years-long dominance:
“For a long time, the Ethereum platform dominated the market, but for the first time, fans are taking these alternatives seriously.”