Dear Bithumb Global Users,
Bithumb Global will launch "Smart Token" trading service on May 8, 2020.
The first Smart Token: BTCS (1x short BTC).
- What is Smart Token？
Smart Token is a token whose yield rate is pegged to that of a certain underlying asset (e.g. BTC and ETH). The yield rate of the Smart Token BTCS (1x short BTC) is in the same rate but opposite trend of that of BTC, which means when BTC goes down 1%, BTCS goes up 1%.
Smart Token is a spot product with no expiration date and no risk of blowing up. Smart Token is priced with USDT, and the initial net value is 100 USDT, and the trading mechanism is spot trading. Investors can buy or sell Smart tokens on the secondary market at any time.
- How to trade Smart Token?
Users using the Web can click the "Smart Token" in the navigation bar to enter a "Basic" or "Advanced" trading zone.
Users using the APP can go to the "Spot - Advanced" page to find the "SMART" trading zone.
Bithumb Global Team
May 8, 2020