All KuCoin Leveraged Tokens in this exchange are scams !!!!!!!!
Updated
Kocoin exchange sells tokens to the public without their support. They deceive their customers with this claim, but the data does not correspond to reality and they manipulate them.
This exchange claims:
The BTC3L is a leverage token that lasts 3 times as long as the BTC through futures trading. Using leverage and rebalancing the asset base, when the BTC price rises 1%, the net value of BTC3L increases 3%.
As I speak to you, prices are not balanced at all, and this happens on some days. For example, on 1/22/2020, which I sent two links as an image
-8.16% ADA
+ 22.38% ADASUSDT
-34.91% ADALUSDT
Another case of fraud, the Ada price dropped from 1.1190 to 1.093560.
And this shows a decrease of 2.32%, but the Kucoin exchange -8.16% indicates that the ADA3LUSDT token should be around -24%.
It is quite obvious from the daily candle that it should not be more than -2.32% and the token should be corrected around -6% instead of 34.91%
I'm posting other images from Trading View that cocaine claims about its tokens are completely false.
https://ibb.co/QQFqckd
https://ibb.co/nz9CDvK
This exchange claims:
The BTC3L is a leverage token that lasts 3 times as long as the BTC through futures trading. Using leverage and rebalancing the asset base, when the BTC price rises 1%, the net value of BTC3L increases 3%.
As I speak to you, prices are not balanced at all, and this happens on some days. For example, on 1/22/2020, which I sent two links as an image
-8.16% ADA
+ 22.38% ADASUSDT
-34.91% ADALUSDT
Another case of fraud, the Ada price dropped from 1.1190 to 1.093560.
And this shows a decrease of 2.32%, but the Kucoin exchange -8.16% indicates that the ADA3LUSDT token should be around -24%.
It is quite obvious from the daily candle that it should not be more than -2.32% and the token should be corrected around -6% instead of 34.91%
I'm posting other images from Trading View that cocaine claims about its tokens are completely false.
https://ibb.co/QQFqckd
https://ibb.co/nz9CDvK
Note
Kucoin exchange...
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