i. The PROFITPIONEERS EARNING Spot market (recommended)
You can trade the leveraged tokens in the PROFITPIONEERS EARNING spot market. Go to the page of leveraged tokens and search for your preferred ones, click “Trade” to buy or sell.
ii. Subscription/Redemption
PROFITPIONEERS EARNING processes subscription and redemption requests at 08:00,16:00,00:00(UTC+8) each day. Prices of subscription/redemption are determined by the results of execution, meaning there are uncertainties over the time and price. Traders should be cautious when investing.
The fees involved with PROFITPIONEERS EARNING Leveraged Tokens are as follows:
i. Trading Fees: Charged when buying/selling the leveraged tokens on the spot market. The fee level is the same as that of spot trading.
ii. Subscription Fee: Charged when subscribing to a leveraged token. The fee is currently 0.1% of each subscription.
iii. Redemption Fee: Charged when redeeming a leveraged token. The fee is currently 0.1% of each redemption.
iv. Management Fee: Charged at 07:45 (UTC+8) each day at a rate of 0.045%. The fee is incorporated into the net asset value of the leveraged tokens and will not affect your holdings. As management fees are charged automatically on a daily basis, traders should be cautious of holding leveraged tokens in the long term.
i. Compared with the spot market, the market of leveraged tokens has higher risks and uncertainties. Holding leveraged tokens may result in numerous intraday gains and losses.
ii. The rebalancing mechanism and management fees mean that the longer you hold a leveraged token, the more fees you need to pay. Traders should be cautious of holding leveraged tokens in the long term.