Wat is LOOKS5L(LOOKS5L)?Launch

LOOKS5L is a leveraged tokens product that goes three times long in value of LOOKS. Traders shall pay close attention to the gap between its real net value and the latest trading price. Generally, LBank will perform the rebalance every 24 hours to avoid the enlargement of the gap between portfolio’s leverage ratio and the agreed ratio. When there is a sharp fluctuation and the underlying asset ’s fluctuation exceeds a given threshold figure compared to the previous rebalance point (initially we set the threshold figure for 5x leverage short and long as 15%. In the future, if other leverages available, the figure may be adjusted.), we will perform rebalancing to control the risk of the investment portfolio in time. We’ll merge the tokens products that have a net value below 0.05 USDT with its total asset value unchanged. Traders are advised to make prudent investment decision as leveraged tokens products is a financial derivative of high risk, the price of which may close to zero in extreme market conditions.