❓FAQ
Frequently Asked Questions
We have a lot of frequently asked questions surrounding our product and protocol. If you do not see your question below, please feel free to reach out in the Telegram Public Support as we are happy to answer any query you may have.
How do I qualify for $0XL revenue sharing, and what are the benefits?
$0XL revenue sharing is simple; you can do it through our platform by holding a minimum of 2.5 million $0XL tokens, which is equivalent to 0.25% of the total supply. This qualifies your wallet as eligible for the revenue share airdrops.
What security measures are in place to protect all funds?
We prioritize security by employing advanced measures, such as auto-generated wallets with private keys stored on dedicated encrypted servers. Most importantly, our team has no access to user funds, and our bot server maintains an uptime of over 99%.
Can you explain the risk management features and the liquidation process?
Our liquidation process triggers at -70% of user funds concerning a price decrease. This threshold was chosen to strike a balance between user fairness and risk mitigation. Users are encouraged to set stop-loss levels to mitigate total liquidation and understand the volatility of the DeFi landscape before opening any position.
What sets your leverage trading bot apart from others in the market?
Our leverage trading bot stands out due to its unique combination of features, including the ability to open 1x to 7x long positions on a wide range of tokens. We offer real-time position tracking, auto-generated wallets for security, and a meticulous approach to risk management, trading bots, and as of now we are the only leverage trading bot in the blockchain space.
How does the protocol make profit when everyone is winning?
The protocol makes revenue by taking a percentage of each position, as well as a fee on liquidations, so whether a position profits greatly, or reaches its liquidation price, the protocol receives funds to inject back into the leverage pool.
Can I short tokens?
No, offering short positions on microcap tokens exposes the leverage pool to a number of unavoidable risks, as well as subjecting the protocol to taking on the role of a market maker, where short positions need to be filled at the expense of the leverage pool. Longing allows both the user and the protocol to be profitable on the same position, allowing for scalability into the future.
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