ETP tokens – BTC*(-1), ETH*(-1)

ETP(Exchange Traded Product) 
: Products that follow the variability of virtual assets, whose prices change with the rise or fall of listed assets without having to pay for collateral, have no maturity date and no risk of liquidation.
However, the structure is somewhat complex and exposed to some risks, so please be sure to read the following before making a decision on whether to trade.

▶ Examples of transactions

Simple Example:
BTC*(-1): When BTC prices fall, the net value of BTC*(-1)ETP increases by 1% if the price of the underlying asset falls.

ETH*(-1): When ETH prices fall, the net value of ETH*(-1)ETP increases by 1% if the price of the underlying asset falls.

▶ Rebalancing and Net Asset Assessment Loss (wearing) – Rebalancing of Assets occurs at 23:55:00 (GMT +8) daily, and during Rebalancing, Fees for Operation and Management (Management Fee = Net Asset Value (NAV) *ETP Sales Management Fee* are net worth of Assets (ETP) net worth of Assets).

Separately, forced rebalancing can occur if there is significant price volatility within the periodic rebalancing schedule. Therefore, it is recommended that this product be operated in the short term.

▶ Transaction fee
Similar to the normal token transaction fee, 0.1% of the transaction amount is charged when purchased or sold.


※ Investment precautions
- High price volatility can result in investment losses for digital assets. In particular, ETP has risks based on its own structure, so please fully understand all risks before making a careful investment. Losses due to your investment decisions will be attributed to you.