Bull Bear Strike Token – the revolutionary product is dubbed as the crypto “perpetual futures killer”
Founded by the ex-OKEx COO – Andy Cheung – who actively led OKEX to be a top-tier derivatives exchange, ACDX — an advanced crypto derivatives exchange is launching the world’s first crypto structured product today. Coined as Bull Bear Strike Token (BBS), the new trading product brings together the advantages of perpetual futures and options trading.
“Uncapped profit potential with capped risk – if you ask me to conclude what BBS is in one line. Crypto traders often find perpetual futures easy to trade, but are also scared by the risk of losing 100% of their collateral account. At the same time, they are confused by the complexity of options trading, though it offers the advantage of capped risk. That’s why we combined the two and created Bull Bear Strike Token,” said Andy Cheung, Founder and Executive Chairman of ACDX.
According to the founder and his research team, the current funding fees of perpetual futures in different crypto exchanges are unreasonably high. If a trader opens a 20x perpetual futures position of 20 BTCs priced at $30,000 for 3 months, he will have to pay a whopping fee of up to $25,800, which is 86% of his principal.
“The fees are surprisingly exorbitant, and often beginner traders are not aware. The community yearns for an all-rounded yet simple product. We want to simplify the whole process to make crypto investment user-friendly with Bull Bear Strike Token.”
Unlike perpetual futures, BBS has no funding fees and ACDX offers fee-free trading. With the same amount of asset, your wealth can be planned in a more cost-effective way.
BBS also comes with a high leverage level of up to 100x. Instead of constantly maintaining the collateral level in perpetual futures, traders of BBS only have to be aware of the knock-out level, which is transparent and constant. If traders exit their trade without being knocked-out, they will receive the full amount back – plus or minus any profit or loss.