yes, AVAX-based tokens have combined leverage. many people don't understand how this works --
if you buy these tokens with the underlying asset pair, you get exposure to that volatility. with AVAX at $20 now, i see more long term upside than downside.
let's say AVAX recovers to $120 in a new bull market, all your AVAX-based token pairs will get an automatic 6X.
then add to that whatever the token price does, if it's a 20X, the combined leverage is 120X.
this is why i'd like to see some of our BNB-based tokens relaunch on AVAX chain.
here's an example, let's say Snowball, symbol SNOB, goes back to .08. that's a 52X. but if AVAX also does a 6X back to $120 during that time, the total gain is 312X.
https://coinmarketcap.com/currencies/snowball-finance/
https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
if you buy these tokens with the underlying asset pair, you get exposure to that volatility. with AVAX at $20 now, i see more long term upside than downside.
let's say AVAX recovers to $120 in a new bull market, all your AVAX-based token pairs will get an automatic 6X.
then add to that whatever the token price does, if it's a 20X, the combined leverage is 120X.
this is why i'd like to see some of our BNB-based tokens relaunch on AVAX chain.
here's an example, let's say Snowball, symbol SNOB, goes back to .08. that's a 52X. but if AVAX also does a 6X back to $120 during that time, the total gain is 312X.
https://coinmarketcap.com/currencies/snowball-finance/
https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
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