May 7, 2020
BEQUANT launches BTCS/USDT pair
We are delighted to announce that we have listed the BTCSHORT (BTCS) token on the BEQUANT Exchange, increasing our portfolio of pairs on the trading platform.
BTCS will be available to trade from today and is paired with USDT. The BTCS token was created by Amun Ltd, the fintech sister company of 21Shares AG.
BTCSHORT is the first fully-hedged inverse token that tracks the daily inverse performance of Bitcoin. The first-of-its-kind, BTCS is structured as a stablecoin and fully hedged. It is ideally suited for token holders who want exposure to the inverse or -1x the daily performance of Bitcoin on any given day.
In short, if bitcoin declines in value, BTCS will function in the opposite direction. The price will climb by the approximate equal value - generating a market gain for an investor.
The launch of the BTCS inverse token marks a significant step for the crypto asset community which was carefully planned to take place before the halving of bitcoin where the community has been demanding more tools to hedge and capitalize on a likely increase in volatility.
To fully understand the mechanics behind BTCS, Amun Ltd have released a detailed description and whitepaper which can be accessed via the amun website
About Amun Ltd
Amun is the technology company behind the innovative inverse token BTCS. Its sister company, 21Shares AG, is the Swiss-based issuer of fully-collateralized, passive investment ETP (trackers) of crypto assets. Amun has built proprietary technology to allow users to issue their own inverse tokens in exchange for stablecoins.
All smart contracts are open-source for the benefit of the community. The Amun team consists of an experienced mix of engineers, product managers and marketing team with the sole mission to bring innovative and useful instruments to the crypto market.
If you have any further questions or queries regarding this update, please raise a ticket to our support team. They will be happy to answer in no time.
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