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Amun Bitcoin 3x Daily Short

BTC3S

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About Amun Bitcoin 3x Daily Short

Amun Bitcoin 3x Daily Short is a leverage token. Leveraged tokens are derivative tokens featured on some decentralized exchanges (DEX). These kinds of tokens have leveraged exposure which means they derive their value from some other asset or token. These tokens are more vulnerable to changes in the market of the classic token. Here, Amun Bitcoin 3x Daily Short token is a leverage token of Bitcoin. For example, if the price of a Bitcoin goes up by one percent, the price of Amun Bitcoin 3x Daily Short token will increase by three percent and vice versa.

Talking about the platform, Amun is a leading cryptocurrency issuer that aims to make the trading of cryptocurrencies more accessible and efficient. The platform provides crypto exchange-traded products (ETP). The platform has a suite of ETP products which has simplified the access to crypto for both retail and institutional investors. Amun aims to provide cryptocurrencies that make easy for the community to access and are not otherwise available in the crypto space. According to the documents of the platform, Amun DeFi is a suite of tools for managing investment among various Defi protocols.

According to its whitepaper, the issuer of the leveraged token is not required to hold any asset to back the platform. All leveraged token is based on ERC20 token compatibility. A user who holds such coins can only use them for the minting and burning process. Cryptocurrency burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase the market value.

The BTC3S was launched on June 17, 2020. The whitepaper of the project was also released in June 2020. Amun has a team of engineers, financial product developers, and entrepreneurs uniquely placed to change cryptocurrency investing via a range of tokens present on the platform.

Market

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Australia News about Amun Bitcoin 3x Daily Short

BeInCrypto • May 15, 24

State of Wisconsin Buys Bitcoin ETF Following Financial Giants

The State of Wisconsin Investment Board has strategically invested $99 million in BlackRock's iShares Bitcoin Trust, highlighting the growing institutional interest in cryptocurrency ETFs.The post State of Wisconsin Buys Bitcoin ETF Following Financial Giants appeared first on BeInCrypto.

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The Block • May 15, 24

Crypto game ‘Guild of Guardians’ launching on Apple and Android devices with $1 million in prizes

"Guild of Guardians" has over 1 million pre-registered players and will be available around the world on mobile devices.

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BeInCrypto • May 15, 24

Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform

Vitalik Buterin and Peter Thiel's $70 million investment in Polymarket highlights its growing influence in predictive markets on cultural and political events.The post Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens

Floki Inu's decision to burn 15.2 billion tokens aims to boost project management and increase market value, propelling an 11% price surge.The post Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report

Following a massive sell-off, long-term Bitcoin holders are now buying 70,000 BTC, viewing it as a reliable reserve amidst US economic uncertainties.The post Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report appeared first on BeInCrypto.

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CoinDesk • May 14, 24

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

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Amun Bitcoin 3x Daily Short is on the rise this week.

The price of Amun Bitcoin 3x Daily Short has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Amun Bitcoin 3x Daily Short’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of Amun Bitcoin 3x Daily Short?

We update our Amun Bitcoin 3x Daily Short to AUD currency in real-time. Get the live price of Amun Bitcoin 3x Daily Short on Coinbase.

What other assets are similar to Amun Bitcoin 3x Daily Short?

Assets that have a similar market cap to Amun Bitcoin 3x Daily Short include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Amun Bitcoin 3x Daily Short on Coinbase?

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