Seascape network is pleased to announce that leverage trading of pCWS is now available in partnership with WOWswap.
What that simply means is that users can now trade pCWS with more leverages up to 5X leverage.
What are Crowns?
Crowns are the official token of the Seascape Network. Following its launch, the token has been the core pillar of a series of planned DeFi & NFT games, where savvy players have been able to increase their earnings exponentially through a variety of LP mining and NFT staking games.
Let's Take a Look at What Leverage Trading Means.
Leverage trading is a financial strategy that allows a trader to gain more market exposure with a smaller initial investment. Leverage is essentially borrowed funds that increase a trader’s position size and its market exposure, thus its profitability.
For instance, 50X (or 1:50) leverage will increase a $500 pCWS position to be as big and as profitable as a $25,000 pCWS position.
So, if we are taking 20% for a 5X leverage, it means that any profit or loss made would be increased by the same 5X factor when looking at the initial capital the user put forward.
Now on WOWSwap, players can get in on the action as well!
Here’s how:
- Connect your wallet on https://wowswap.io/#/swap
- Choose which coin you'd like to swap for PCWS.
- Select your leveraging amount up to 5X.
- Click on Swap and get your hands on some sweet proxy tokens.
Ensure to stay above your liquidation maintenance. This is the point which is basically the minimal amount required to have to maintain your position and avoid liquidation.