IBVOL
Inverse Bitcoin Volatility Token Rank 2453
Website
0 IBVOL
Buy / Sell
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Inverse Bitcoin Volatility Token
Inverse Bitcoin Volatility Token Price $ 5,706.87
$ 5,706.87
Inverse Bitcoin Volatility Token 24h Vol
$1,381
$1,381
Inverse Bitcoin Volatility Token Market Cap $0
$0
24h Vol
0 BTC 1 H
0.79 %
24 H
2.06 %
7 d
22.22 %
Today Inverse Bitcoin Volatility Token price in US dollars is currently
5,706.87
USD, and if converted to Bitcoin is
0.61690881
BTC. A total of N/A are currently circulating in the Market. Inverse Bitcoin Volatility Token price is currently experiencing a change of 2.06 %, and check here all cryptocurrency. Over the past 24 hours 0.000 M US dollars Inverse Bitcoin Volatility Token have been traded on Crypto Exchanges. Get Inverse Bitcoin Volatility Token's progress by adding it to your favourites and creating a free portfolio.
Full Name
Inverse Bitcoin Volatility Token
Symbol
IBVOL
Algorithm
ETH Token
BTC Price
0.61690881 BTC
BTC Market
0 BTC
BTC 24h Vol
0 BTC
Total Coins Mined
0 IBVOL
1h
0.79 %
24h
2.06 %
7d
22.22 %
Website
Share Inverse Bitcoin Volatility Token Price
Description
Description
BVOL tokens are ERC20 tokens that attempt to track the implied volatility of crypto markets. BVOL tokens get their exposure to implied crypto volatility using FTX MOVE contracts.
There are two BVOL tokens: BVOL and iBVOL. BVOL attempts to track the daily returns of being 1x long the implied volatility of BTC; iBVOL attempts to track the daily returns of being 1x short the implied volatility of BTC.
Each BVOL token gets its price action by trading FTX MOVE contracts. For instance, say that you want to create $10,000 of BVOL. To do so you can send in $10,000, and the BVOL account on FTX buys $10,000 worth of FTX MOVE contracts. Thus, BVOL is now 1x long MOVE.
You can also redeem BVOL tokens for their net asset value. To do that, you can send your $10,000 of BVOL back to FTX, and redeem it. This will destroy the token; cause the BVOL account to sell back the $10,000 worth of MOVE contracts, and credit your account with $10,000.
This creation and redemption mechanism is what ultimately enforces that the leveraged tokens are worth what they're supposed to be.
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