XLMDOWN priceXLMDOWN
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
- Total supply
- 0 XLMDOWN
- Circulating supply
- 0 XLMDOWN
XLMDOWN community
What Is XLMDOWN (XLMDOWN)?
XLMDOWN is a leveraged token based on the price of Stellar (XLM) and traded on Binance Smart Chain. Stellar is an open network that functions as a payment system. Upon launch, one of its declared goals was boosting financial inclusion but that later changed, and now Stellar is helping connect financial firms with the help of blockchain technology. Its XLM token is the bridge reducing transaction fees and friction for cross-border payments. Stellar is thus similar to Ripple (XRP), another payment-oriented crypto asset. It’s worth noting that Stellar’s code is based on a hard fork of the Ripple protocol.
XLMDOWN enables traders to speculate on the price of Stellar with increased leverage but without the risk of liquidation. The XLMDOWN token is a short position, meaning traders benefit from a decreasing price of XLM. Binance Leveraged Tokens don’t maintain constant leverage but constantly rebalance in a range between 1.25X and 4X to maximize profitability.
Who Are the Founders of XLMDOWN?
What Makes XLMDOWN Unique?
Leveraged tokens give holders leveraged exposure to crypto markets without facing liquidation risks, funding rates, or actively having to manage the position. Leveraged tokens actively rebalance themselves periodically. For instance, the rebalancing of the XLMDOWN token is governed by Binance proprietary algorithms and aims to maximize the correlation between the token and the underlying margin-leveraged positions.
There are two types of leveraged tokens, BULL or UP tokens for bullish positions and BEAR or DOWN tokens for bearish positions. A token like XLMDOWN tracks the price of XLM and gains from price decreases. If the token gains from a price decrease, it reinvests this money and increases the leverage up to a maximum of 4. Say XLM goes down one day and goes down the next day as well. The XLMDOWN token would outperform a regular leveraged position because of reinvested profits. On the flip side, if XLM goes down one day but rallies the next, the token would underperform because of increased exposure.
How Many XLMDOWN (XLMDOWN) Coins Are There in Circulation?
How Is the XLMDOWN Network Secured?
When Will XLMDOWN Trading Begin?
Where Can You Buy XLMDOWN (XLMDOWN)?
Related Pages:
Check out Stellar (XLM) — the token of Stellar, the crypto asset XLMDOWN is based on.
Check out Binance Coin (BNB) — the native token of the Binance Smart Chain ecosystem.
Learn how leverage works in our guide to leverage in DeFi.
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
CoinMarketCap API
Get XLMDOWN data into your app
The same data powering this page - prices, market cap, historical data, market pairs - served as JSON from the world's most-referenced crypto data source. Don't want an API key? Add /public-api/ to the path for keyless access: https://pro-api.coinmarketcap.com/public-api
- No credit card required
- Live in under 5 minutes
Start With These Endpoints
- With KeyWith Key
- KeylessKeyless
Current USD spot price for XLMDOWN. Optimized for low latency and minimal payload - the fastest way to get a price into your app.
curl --request GET \
--url 'https://pro-api.coinmarketcap.com/v2/simple/price?id=8054' \
--header 'X-CMC_PRO_API_KEY: YOUR_API_KEY'- With KeyWith Key
- KeylessKeyless
Returns the latest market quote for XLMDOWN. Use the "convert" option to return market values in multiple fiat and cryptocurrency conversions in the same call.
curl --request GET \
--url 'https://pro-api.coinmarketcap.com/v3/cryptocurrency/quotes/latest?id=8054' \
--header 'X-CMC_PRO_API_KEY: YOUR_API_KEY'- With KeyWith Key
- KeylessKeyless
Returns all static metadata available for XLMDOWN. This information includes details like logo, description, official website URL, social links, and links to a cryptocurrency's technical documentation.
curl --request GET \
--url 'https://pro-api.coinmarketcap.com/v2/cryptocurrency/info?id=8054' \
--header 'X-CMC_PRO_API_KEY: YOUR_API_KEY'Popular Real World Assets
Most Visited Cryptocurrencies
XDC$0.029570.98%
ZIG$0.035147.77%
BTC$71,603.053.70%
XRP$1.033.85%
ETH$2,010.473.40%
SOL$81.244.51%
ZEC$936.825.99%
PEPE$0.00000437211.23%
PI$0.069881.34%
HYPE$70.973.23%
QNT$161.049.52%
NEAR$3.418.38%
ADA$0.17163.57%
GRAM$1.174.25%
NIGHT$0.045574.36%
SUI$0.79595.17%
LINK$10.014.49%
AVAX$8.343.01%
DOGE$0.065724.55%
XMR$536.458.46%
