Token Symbol: SANTOS3L

Brief:

Santos FC Fan Token (SANTOS) is a fan token of the eponymous football team that was launched by a partnership between Santos FC and Binance Launchpool. Santos FC, aka Santos Futebol Clube, is a Brazilian sports club in the state of São Paulo, based in Vila Belmiro.

 

SANTOS3L is a leveraged token that goes long on SANTOS with 3x leverage, which means that for every increase in the price of SANTOS in the market, the leveraged SANTOS token seeks a 3x increase in its price. SANTOS3L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of SANTOS goes up by 1%.

 

Due to such rebalancing and investment costs, SANTOS3L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

 

Official Website：https://www.santosfc.com.br/

Whitepaper：https://x.com/SantosFC

 

Risk Disclosure:

Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.