Bull Bear Strike Token – the revolutionary product is known as the crypto “Perpetual Futures Killer”.
ACDX, an advanced crypto derivatives exchange, was founded by former OKEx COO Andy Cheung, who actively led OKEX to a world-class derivatives exchange, and today launches the world’s first crypto-structured product. The new trading product, which was coined as the Bull Bear Strike Token (BBS), combines the advantages of perpetual futures and options trading.
“Unlimited profit potential with limited risk – if you ask me to conclude what BBS is on a line. Crypto traders often find perpetual futures easy to trade, but they also fear the risk of losing 100% of their collateral account. At the same time, they are confused by the complexities of options trading, although it has the benefit of limited risk. That’s why we combined both and created the Bull Bear Strike Token. “ said Andy Cheung, Founder and Executive Chairman of ACDX.
According to the founder and his research team, current funding fees for perpetual futures on various crypto exchanges are unreasonably high. If a trader opens a 20x perpetual futures position of 20 BTCs priced at $ 30,000 for 3 months, they’ll have to pay a whopping fee of up to $ 25,800, which is 86% of their equity.
“The fees are surprisingly high and often beginners aren’t aware of it. The community longs for a versatile yet simple product. We want to simplify the whole process to make crypto investments with Bull Bear Strike Token easy to use. “
Unlike perpetual futures, BBS has no funding fees and ACDX offers fee-free trading. With the same amount of assets, your assets can be planned more cheaply.
BBS also has high leverage of up to 100x. Instead of constantly maintaining the level of collateral in perpetual futures, traders from BBS only need to know the knock-out level, which is transparent and constant. If traders exit their trade without getting knocked out, they get the full amount back – plus or minus profit or loss.