XLMDOWN priceXLMDOWN
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- Circulating supply
- 0 XLMDOWN
- Total supply
- 0 XLMDOWN
- Max. supply
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About XLMDOWN
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.