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.