{"exchange-leveragedTokens-Last24Hours":"Ultime 24 ore","exchange-leveragedTokens-LINKUPDesc":"Posizione long su ChainLink con leva fino a 3x","exchange-leveragedTokens-LINKUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di ChainLink sale.","exchange-leveragedTokens-Yesterday":"Ieri","exchange-leveragedTokens-XTZDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Tezos scende.","exchange-leveragedTokens-XTZUPDesc":"Posizione long su Tezos con leva fino a 3x","exchange-leveragedTokens-XTZUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Tezos sale.","exchange-leveragedTokens-BNBDOWNDesc":"Posizione short su BNB con leva fino a 3x","exchange-leveragedTokens-BNBDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di BNB scende.","exchange-leveragedTokens-DOTDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Polkadot scende.","exchange-leveragedTokens-BNBUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di BNB sale.","exchange-leveragedTokens-BNBUPDesc":"Posizione long su BNB con una leva fino a 3x","exchange-leveragedTokens-DOTUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Polkadot sale","exchange-leveragedTokens-DOTDOWNDesc":"Posizione short su DOT con leva fino a 3x","exchange-leveragedTokens-TRXDOWNDesc":"Posizione short su TRX con leva fino a 3x","exchange-leveragedTokens-DOTUPDesc":"Posizione long su DOT con una leva fino a 3x","exchange-leveragedTokens-TRXDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di TRON scende.","exchange-leveragedTokens-exportRedemptionHistory":"Esporta lo storico dei riscatti","exchange-leveragedTokens-TRXUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di TRON sale.","exchange-leveragedTokens-TRXUPDesc":"Apri long su TRX con leva fino a 3x","exchange-leveragedTokens-export":"Esporta","exchange-leveragedTokens-exportSubscriptionHistory":"Esporta lo storico delle sottoscrizioni","exchange-leveragedTokens-maxRedemptionIndividual":"Importo massimo di riscatto in USDT/24 ore (individuale)","exchange-leveragedTokens-maxRedemptionAll":"Importo massimo di riscatto in USDT/24 ore (tutti)","exchange-leveragedTokens-maxSubscriptionIndividual":"Importo massimo di sottoscrizione in USDT/24 ore (individuale)","exchange-leveragedTokens-redemptionFee":"Tasso di commissione di riscatto","exchange-leveragedTokens-maxSubscriptionAll":"Importo massimo di sottoscrizione in USDT/24 ore (tutti)","exchange-leveragedTokens-tradingRules":"Leveraged Tokens Trading Rules","exchange-leveragedTokens-subscriptionFee":"Tasso di commissione di sottoscrizione","exchange-leveragedTokens-All":"Tutto","exchange-leveragedTokens-PastMonth":"Mese scorso","exchange-leveragedTokens-Last2Weeks":"Ultime 2 settimane","exchange-leveragedTokens-Past3Months":"Ultimi 3 mesi","exchange-leveragedTokens-MonthToDate":"Mese fino a oggi","exchange-leveragedTokens-redemption":"Riscatto","exchange-leveragedTokens-fee":"Commissione","exchange-leveragedTokens-netProceeds":"Ricavi netti","exchange-leveragedTokens-amount":"Importo","exchange-leveragedTokens-token":"Token","exchange-leveragedTokens-time":"Ora","exchange-leveragedTokens-trade":"Scambia","exchange-leveragedTokens-lastPrice":"Ultimo prezzo","exchange-leveragedTokens-24hChange":"Variazione 24h","exchange-leveragedTokens-name":"Nome","exchange-leveragedTokens-nav":"NAV","exchange-leveragedTokens-myTokens":"I miei token","exchange-leveragedTokens-faq":"FAQ","exchange-leveragedTokens-allTokens":"Tutto","exchange-leveragedTokens-redemptionHistory":"Storico dei riscatti","exchange-leveragedTokens-bannerTitle":"Leveraged Token di Binance","exchange-leveragedTokens-tokens":"Token","exchange-leveragedTokens-bannerSubTitle":"Usufruisci di una maggiore leva finanziaria senza rischi di liquidazione","exchange-leveragedTokens-question10":"Posso prelevare Leveraged Token di Binance dal mio wallet?","exchange-leveragedTokens-answer10":"Attualmente, i Leveraged Token di Binance non sono prelevabili. Puoi conservare i token in modo sicuro sul tuo conto Binance.","exchange-leveragedTokens-answer9":"

Per sottoscrivere o riscattare, vai alla pagina dei Binance Leveraged Token e clicca “Sottoscrivi” o “Riscatta”. Verrà addebitata una commissione di deposito o di riscatto dello 0,1% e i fondi (in USDT) saranno detratti dal tuo wallet spot o accreditati sul tuo wallet spot.

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Il limite totale giornaliero della sottoscrizione o del riscatto di ciascun Leveraged Token può variare in base alle condizioni di mercato prevalenti.

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Gli utenti possono sottoscrivere o riscattare tutti i Leveraged Token fino al limite giornaliero consentito per ogni conto in qualsiasi momento, tranne durante il ribilanciamento. Tuttavia, l'importo può variare in base alle condizioni di mercato prevalenti. Ti preghiamo di fare riferimento alle Regole di trading dei Leveraged Token di Binance per i limiti di sottoscrizione e di riscatto.

\n

Gli utenti non sono autorizzati a riscattare token mentre il fondo è in fase di ribilanciamento.

","exchange-leveragedTokens-question9":"Come effettuare sottoscrizioni o riscatti?","exchange-leveragedTokens-answer8":"Le commissioni associate ai Leveraged Token di Binance sono le seguenti :
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i. Commissioni di trading: Le commissioni di trading sono addebitate quando si comprano o vendono token sul mercato spot e la struttura delle commissioni è identica a quella del trading spot.
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ii. Commissioni di sottoscrizioni: Le commissioni di sottoscrizione sono addebitate quando gli utenti scelgono di sottoscrivere token; sono attualmente impostate allo 0,1% per sottoscrizione.
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iii. Commissioni di riscatto: Le commissioni di riscatto vengono addebitate quando gli utenti scelgono di riscattare i token e sono attualmente fissate allo 0,1% per riscatto.
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iv. Commissioni di gestione: Una commissione di gestione giornaliera dello 0,01% verrà addebitata alle 00:00 UTC e si rifletterà direttamente sul valore patrimoniale netto dei leveraged token;
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v. Commissioni di finanziamento: Le commissioni di finanziamento sono pagate (o versate al) fondo sottostante in base al tasso di finanziamento e hanno un impatto diretto sul valore patrimoniale netto dei Leveraged Token. Binance non addebita commissioni per il trasferimento del tasso di finanziamento; queste sono effettuate direttamente tra gli operatori.
","exchange-leveragedTokens-question8":"Quali sono le commissioni associate ai Leveraged Token di Binance?","exchange-leveragedTokens-answer7":"Qui è possibile trovare un elenco di coppie di trading di Leveraged Token disponibili per il trading su Binance. Dovessimo aggiungere più coppie di trading per le negoziazioni, lo annunceremo ufficialmente in anticipo.","exchange-leveragedTokens-question7":"Non sono riuscito a trovare la coppia di trading di Leveraged Token da scambiare sul mercato spot di Binance. Binance li aggiungerà?","exchange-leveragedTokens-question6":"Dove posso scambiare i Leveraged Token di Binance?","exchange-leveragedTokens-answer6":"Puoi negoziare sul mercato spot di Binance attraverso l'interfaccia di trading avanzata. Attualmente, Binance è l'unico exchange che produce e quota i Leveraged Token. Nel caso in cui quotassimo i token su altri exchange, lo annunceremo ufficialmente in anticipo.","exchange-leveragedTokens-question5":"Come si inizia a utilizzare i Leveraged Token di Binance?","exchange-leveragedTokens-answer5":"È necessario accettare i termini e le condizioni dell'informativa sul rischio relativa ai Leveraged Token di Binance prima di iniziare ad utilizzarli","exchange-leveragedTokens-answer4":"

I Leveraged Token di Binance si ribilanciano solo quando è necessario. A differenza dei tradizionali token con leva, i Leveraged Token di Binance non mantengono una leva costante. Pertanto, i Leveraged Token di Binance si ribilanciano solo durante i movimenti estremi del mercato.

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Il ribilanciamento delle posizioni dei Leveraged Token di Binance è regolato dagli algoritmi proprietari di Binance con l'obiettivo di massimizzare la correlazione tra i Leveraged Token di Binance e la posizione di margine di leva finanziaria sottostante.

","exchange-leveragedTokens-question4":"I Leveraged Token di Binance si ribilanciano?","exchange-leveragedTokens-question3":"Che cos'è l'asset sottostante?","exchange-leveragedTokens-answer3":"Il nome del ticker indica gli asset sottostanti. Ad esempio, l'asset sottostante di BTCUP è il contratto perpetuo di BTC nei futures di Binance.","exchange-leveragedTokens-question2":"Qual è il livello di leva dei Leveraged Token di Binance?","exchange-leveragedTokens-answer2":"A differenza dei Leveraged Token tradizionali (non gestiti da Binance), i Leverage Token di Binance non mantengono un rapporto di leva costante. Invece, i Leveraged Token di Binance mantengono un intervallo di leva variabile tra 1,25x e 4x. Ciò massimizza la redditività in caso di oscillazioni verso l'alto e riduce al minimo le perdite per evitare la liquidazione. Tuttavia, tieni presente che la leva reale potrebbe oscillare al di là dell'intervallo target in movimenti di mercato estremi.","exchange-leveragedTokens-answer1":"

I Binance Leveraged Token sono un tipo di prodotto derivato che ti offre un'esposizione con leva finanziaria all'asset sottostante. Come altri token, i leveraged token possono essere scambiati sul mercato spot. Ogni leveraged token rappresenta un paniere di posizioni in contratti perpetui. Il prezzo di un leveraged token si muove in parallelo ai cambiamenti del prezzo nel mercato del contratto perpetuo, e il livello di leva aumenta o diminuisce di conseguenza.

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A differenza del trading con margine, i leveraged token ti permettono di ottenere esposizione a posizioni con leva senza dover impegnare collaterale, mantenere un livello di margine di mantenimento o preoccuparti del rischio di liquidazione. Tuttavia, anche se non devi preoccuparti della liquidazione, ci sono comunque rischi associati alle posizioni in leveraged token, come gli effetti di movimenti del prezzo nel mercato dei contratti perpetui, premi e tassi di finanziamento.

","exchange-leveragedTokens-question1":"Cosa sono i Leveraged Token di Binance?","exchange-leveragedTokens-EOSDOWNDesc":"Posizione short su EOS con leva fino a 3x","exchange-leveragedTokens-EOSDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di EOS scende.","exchange-leveragedTokens-EOSUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di EOS sale.","exchange-leveragedTokens-EOSUPDesc":"Posizione long su EOS con una leva fino a 3x","exchange-leveragedTokens-ETHDOWNDesc":"Posizione short su Ethereum con leva fino a 3x","exchange-leveragedTokens-ETHDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Ethereum scende.","exchange-leveragedTokens-ETHUPDesc":"Posizione long su Ethereum con leva fino a 3x","exchange-leveragedTokens-ETHUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Ethereum sale.","exchange-leveragedTokens-subscribeSuccess":"Sottoscrizione avvenuta con successo","exchange-leveragedTokens-validAmountTip3":"Inserisci un importo non inferiore a $premin$ USDT","exchange-leveragedTokens-confirmSubscription":"Conferma la sottoscrizione","exchange-leveragedTokens-subscribe":"Sottoscrivi","exchange-leveragedTokens-totalCharges":"Addebiti totali","exchange-leveragedTokens-subscriptionHistory":"Storico delle sottoscrizioni","exchange-leveragedTokens-subscription":"Sottoscrizione","exchange-leveragedTokens-realLeverage":"Leva reale","exchange-leveragedTokens-realLeverageChart":"Grafico storico della leva reale","exchange-leveragedTokens-leverageReal":"Reale","exchange-leveragedTokens-leverageTarget":"Obiettivo","exchange-leveragedTokens-leverageV2":"Con leva","exchange-leveragedTokens-tokensRebalancing":"Token prima / dopo","exchange-leveragedTokens-rebalanceHistory":"Cronologia di ribilanciamento","exchange-leveragedTokens-ADADOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Cardano scende.","exchange-leveragedTokens-ADADOWNDesc":"Posizione short su Cardano con leva fino a 3x","exchange-leveragedTokens-ADAUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Cardano sale.","exchange-leveragedTokens-ADAUPDesc":"Posizione long su Cardano con leva fino a 3x","exchange-leveragedTokens-LINKDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di ChainLink scende.","exchange-leveragedTokens-LINKDOWNDesc":"Posizione short su ChainLink con leva fino a 3x","exchange-leveragedTokens-XTZDOWNDesc":"Posizione short su Tezos con leva fino a 3x","exchange-leveragedTokens-Last7Days":"Ultimi 7 giorni","exchange-leveragedTokens-Last30Days":"Ultimi 30 giorni","exchange-leveragedTokens-moreToCome":"Altro ancora in arrivo","exchange-leveragedTokens-history":"Storico dei riscatti","exchange-leveragedTokens-BTCUPDesc":"Posizione long su Bitcoin con leva fino a 3x","exchange-leveragedTokens-BTCDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Bitcoin scende.","exchange-leveragedTokens-BTCDOWNDesc":"Posizione short su Bitcoin con leva fino a 3x","exchange-leveragedTokens-BTCUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Bitcoin sale.","exchange-leveragedTokens-Futures":"Futures","exchange-leveragedTokens-BTCSTips":"Il token BTCS mira ad offrire un rendimento equivalente a 3 volte il rendimento di Bitcoin.","exchange-leveragedTokens-BTCSDesc":"Posizione short 3x sul token BTC","exchange-leveragedTokens-BTCLTips":"Il token BTCL mira ad offrire un rendimento equivalente a 3 volte il rendimento di Bitcoin.","exchange-leveragedTokens-redeem":"Riscatta","exchange-leveragedTokens-BTCLDesc":"Posizione long 3x sul token BTC","exchange-leveragedTokens-navChartTitle":"Grafico storico NAV","exchange-leveragedTokens-redeemSucess":"Riscatto riuscito","exchange-leveragedTokens-validAmountTip2":"Inserire una quantità valida","exchange-leveragedTokens-validAmountTip1":"Inserisci un importo non superiore al saldo disponibile.","exchange-leveragedTokens-available":"Disponibile","exchange-leveragedTokens-confirmRedemption":"Conferma il riscatto","exchange-leveragedTokens-delta":"Delta","exchange-leveragedTokens-leverageRebalancing":"Leva prima / dopo","exchange-leveragedTokens-basketRebalancing":"Token prima / dopo","exchange-leveragedTokens-basketHistory":"Storico del paniere","exchange-leveragedTokens-fundingRateTip":"Tasso di finanziamento dei leveraged token = tasso di finanziamento del contratto future nel paniere * leva effettiva; l'effetto di questo tasso di finanziamento si rifletterà nel NAV","exchange-leveragedTokens-fundingRate":"Tasso di finanziamento","exchange-leveragedTokens-tokenIssued":"Token emessi","exchange-leveragedTokens-basket":"Paniere","exchange-leveragedTokens-dailyManagementFee":"Commissione di gestione giornaliera","exchange-leveragedTokens-leverage":"Leva (obiettivo/effettivo)","exchange-leveragedTokens-underlying":"Sottostante","exchange-leveragedTokens-buy":"Compra","exchange-leveragedTokens-seo-description":"Binance Leveraged Token - Un tipo di prodotto derivato che ti dà esposizione con leva all'asset sottostante. Approfitta di una maggiore leva finanziaria senza il rischio di liquidazione.","exchange-leveragedTokens-seo-keywords":"Exchange di criptovalute su blockchain, exchange di criptovalute, trading di Bitcoin, trend del prezzo di Ethereum, BNB, CZ, prezzo BTC, registrazione di wallet ETH, prezzo LTC, Binance, Poloniex, Bittrex","exchange-EmptyTable-NoRecordsFound":"Nessuna voce trovata.","exchange-leveragedTokens-SubscriptionAmountUpdatedDelay":"I dati dell'importo della sottoscrizione in 24 ore vengono aggiornati con qualche minuto di ritardo","exchange-leveragedTokens-seo-title":"Binance Leveraged Token | BLVT | Binance Futures","exchange-leveragedTokens-IndSubscriptionAmount":"Importo della sottoscrizione USDT in 24 ore (Individuale)","exchange-leveragedTokens-AllSubscriptionAmount":"Importo della sottoscrizione USDT in 24 ore (Generale)","exchange-leveragedTokens-RedemptionAmountUpdatedDelay":"I dati dell'importo di rimborso in 24 ore vengono aggiornati con qualche minuto di ritardo","exchange-leveragedTokens-AllRedemptionAmount":"Importo di rimborso USDT in 24 ore (Generale)","exchange-leveragedTokens-IndRedemptionAmount":"Importo di rimborso USDT in 24 ore (Individuale)","exchange-Filter-Reset":"Resetta","exchange-Filter-Search":"Cerca","exchange-Filter-Time":"Data","exchange-common-all":"Tutti","exchange-OpenOrdersTable-Filter":"Filtro","exchange-choose-your-pair":"Seleziona la tua coppia di negoziazione","exchange-common-trade":"Trading","exchange-tradeButton-noTradingMarket":"Nessun mercato per il trading","exchange-trade-technicalIndex":"Indice Tecnico","exchange-trade-Line":"Tempo","exchange-trade-mouthLine":"1M","exchange-trade-weekLine":"1S","exchange-trade-dayLine":"1G","exchange-trade-hour":"Ore","exchange-trade-minute":"P","exchange-leveragedTokens-noToken":"Questo token non è più quotato.","exchange-leveragedTokens-tokenDownTips":"Genera profitti con leva compresa tra 1,25x e 4x quando il prezzo di {{baseAsset}} scende.","exchange-leveragedTokens-toTokenList":"Torna all'elenco dei token.","exchange-leveragedTokens-tokenUpTips":"Genera profitti con leva compresa tra 1,25x e 4x quando il prezzo di {{baseAsset}} sale.","exchange-leveragedTokens-tokenDownDesc":"Posizione short su {{baseAsset}} con leva fino a 4x","exchange-leveragedTokens-AAVEDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di AAVE scende.","exchange-leveragedTokens-AAVEDOWNDesc":"Posizione short su AAVE con leva fino a 3x","exchange-leveragedTokens-tokenUpDesc":"Posizione long su {{baseAsset}} con leva fino a 4x","exchange-leveragedTokens-AAVEUPDesc":"Posizione long su AAVE con leva fino a 3x","exchange-leveragedTokens-AAVEUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di AAVE sale.","exchange-leveragedTokens-BCHDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Bitcoin Cash scende.","exchange-leveragedTokens-BCHDOWNDesc":"Posizione short su BCH con leva fino a 3x","exchange-leveragedTokens-BCHUPDesc":"Posizione long su BCH con leva fino a 3x","exchange-leveragedTokens-BCHUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Bitcoin Cash sale.","exchange-leveragedTokens-YFIDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di yearn.finance scende.","exchange-leveragedTokens-YFIDOWNDesc":"Posizione short su YFI con leva fino a 3x","exchange-leveragedTokens-YFIUPDesc":"Posizione long su YFI con leva fino a 3x","exchange-leveragedTokens-FILDOWNDesc":"Posizione short su FIL con leva fino a 3x","exchange-leveragedTokens-YFIUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di yearn.finance sale.","exchange-leveragedTokens-FILDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Filecoin scende.","exchange-leveragedTokens-FILUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Filecoin sale.","exchange-leveragedTokens-FILUPDesc":"Posizione long su FIL con leva fino a 3x","exchange-leveragedTokens-SXPDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Swipe scende.","exchange-leveragedTokens-SXPDOWNDesc":"Posizione short su SXP con leva fino a 3x","exchange-leveragedTokens-SXPUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Swipe sale.","exchange-leveragedTokens-SXPUPDesc":"Posizione long su SXP con leva fino a 3x","exchange-leveragedTokens-UNIDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Uniswap scende.","exchange-leveragedTokens-UNIDOWNDesc":"Posizione short su UNI con leva fino a 3x","exchange-leveragedTokens-UNIUPDesc":"Posizione long su UNI con leva fino a 3x","exchange-leveragedTokens-UNIUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Uniswap sale.","exchange-leveragedTokens-LTCDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Litecoin scende.","exchange-leveragedTokens-LTCUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Litecoin sale.","exchange-leveragedTokens-LTCDOWNDesc":"Posizione short su LTC con leva fino a 3x","exchange-leveragedTokens-LTCUPDesc":"Posizione long su LTC con leva fino a 3x","exchange-leveragedTokens-XRPDOWNTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Ripple scende.","exchange-leveragedTokens-XRPDOWNDesc":"Posizione short su XRP con leva fino a 3x","exchange-leveragedTokens-XRPUPTips":"Genera profitti con leva 1.5X-3X quando il prezzo di Ripple sale.","exchange-leveragedTokens-XRPUPDesc":"Posizione long su XRP con leva fino a 3x","exchange-leveragedTokens-subscribeFail":"Sottoscrizione non riuscita.","exchange-leveragedTokens-redeemFail":"Riscatto non riuscito","futures-trade-i-agree":"Ho capito","futures-orders-trdAnalysisUpdateTimeTip":"Max Position Limit","exchange-leveragedTokens-tradingRulesMoreLink":"Learn More about Trading Rules","exchange-leveragedTokens-maxPositionLimit":"Max Position Limit","exchange-leveragedTokens-ceaseRedemption":"Cease Redemption","exchange-leveragedTokens-ceaseSubscription":"Cease Subscription","info-LastIndexPriceTip":"The reciprocal of the {{baseAsset}} quote token price.","agreement-title":"Binance Leveraged Tokens Agreement","exchange-leveragedTokens-agreement":"Service Agreement","agreement-ver":"Version: 18 August 2022","agreement-chap-4-4":"Binance reserves the right to alter, revise, modify, and/or amend this Agreement at any time in its discretion. Any such amendments will take effect immediately upon being published on the Platform. It is your responsibility to regularly check our website to confirm the latest version of this Agreement. Your continued access and use of the Platform for the purposes of trading in BLVT following any amendments to this Agreement shall indicate your acceptance of such amendments. If you do not agree to any such amendments, you should cease transacting in BLVT through the Platform.","agreement-chap-1":"Definitions and Interpretation","agreement-chap-4-2":"By transacting in BLVT through the Platform, you authorise Binance to automatically: (i) deduct from your Binance Account any amounts owed from you to Binance, and/or (ii) credit to your Account any amount owed from Binance to you, in each case in connection with the subscription, redemption and/or trading of BLVT.","agreement-chap-4-1-s1":"You further agree to assume all the risks arising from conducting Leveraged Tokens trading on your own account. If you are uncomfortable with the level of risks described in BLVT Risk Disclosure, you should not transact in BLVT.","agreement-chap-4-3":"By transacting in BLVT through the Platform and without prejudice to any other rights or remedies granted to Binance and the Binance Affiliates in this Agreement, the Terms of Use or the Trading Rules, you further authorise Binance and the Binance Affiliates at any time to take such measures as they deem in their sole discretion to be required for the purposes of mitigating potential losses to you, other clients of Binance and the Platform, which measures may include (but shall not be limited to) suspension of subscriptions, redemptions and/or trading of BLVT through the Platform.","agreement-chap-4-1":"Before transacting in BLVT through the Platform, you should take steps to understand the nature of this complex product and the risks involved as set out in the BLVT Risk Disclosure. By transacting in BLVT on the Platform, you acknowledge and agree that you have sufficient investment knowledge, financial expertise, and experience and the capacity to take on the increased risks arising from Leveraged Tokens trading.","agreement-chap-4":"Risks of transacting in BLVT","agreement-chap-3-8":"Binance reserves the right to update the information contained in the Trading Rules, the Platform and the various webpages referred to in this Agreement from time to time at its discretion. It is your responsibility to familiarise yourself with the content of such materials from time to time.","agreement-chap-3-6":"Users may trade BLVT on the secondary market, either with other users of the Platform or with Binance as counterparty, by clicking “Trade” against the relevant Token through the following webpage: Binance Leveraged Tokens | BLVT. Binance supports the liquidity of BLVT and may step in as a buyer or seller when needed in order to maintain the secondary market price of BLVT within a certain range of the current Token Price. Information on how to trade BLVT in the spot market can be found here: How to Get Started With Binance Leveraged Tokens","agreement-chap-3-7":"Binance charges certain fees with respect to the subscription, redemption and trading of BLVT through the Platform (“BLVT Fees”). Information with respect to the BLVT Fees can be found here: Leveraged Tokens Fees | Binance. Binance reserves the right to update the BLVT Fees in its discretion from time to time by posting the updated fees to the Platform.","agreement-chap-3-4-s1":"You may subscribe or redeem for each BLVT up to the applicable BLVT Limit at any time except during a Rebalancing. Binance may vary the BLVT Limit from time to time in its discretion depending on prevailing market conditions. Please refer to the Trading Rules for information on the current BLVT Limits.","agreement-chap-3-5":"Binance reserves the right at any time to suspend the subscription and/or redemption of BLVT depending on prevailing market conditions. Any such suspension may continue for so long as Binance determines necessary in its sole discretion. In such a circumstance, Users may continue to trade BLVT in the secondary market.","agreement-chap-3-5-s1":"Without prejudice to the foregoing, Binance may choose to delist any Token available through the Platform and/or may discontinue providing any of the services referred to hereunder, in each case at any time in its sole and absolute discretion, without giving any reason or any notice to you thereof.","agreement-chap-3-4":"The current subscription and redemption fee for BLVT is 0.1% of the notional value of the Token (calculated and payable in USDT) and will be automatically deducted from (or credited to) your Account at the time of subscription/redemption. Binance may impose a daily limit on subscriptions and/or redemptions to a BLVT (“BLVT Limit”).","agreement-chap-3-2-s2":"Each BLVT Account associated with an “UP” Token will take a long position in USD(S)-M Futures Contracts referencing the Underlying whereas each BLVT Account associated with a “DOWN” Token will take a short position in USD(S)-M Futures Contracts referencing the Underlying. For example, a BTCUP Token will reference a Basket of long positions in BTCUSDT USD(S)-M Futures Contracts whereas an ETHDOWN Token will reference a Basket of short positions in ETHUSDT USD(S)-M Futures Contracts.","agreement-chap-3-3":"You may request to subscribe for or redeem Tokens issued with respect to a BLVT directly with Binance via the Platform at the current Token Price, plus any applicable BLVT Fees, by clicking “Subscribe” or “Redeem” against the relevant Token through the following webpage: Binance Leveraged Tokens | BLVTs.","agreement-chap-3-1-b":"successfully passed a user knowledge assessment to confirm your understanding of the risks and features of Leveraged Tokens as complex cryptocurrency instruments; and","agreement-chap-2-7":"In order to provide a better trading experience for users, Binance may, from time to time, make a BLVT subject to a reverse token split process to consolidate the existing number of Tokens into a smaller number of proportionally more valuable Tokens (a “Reverse Token Split”).","agreement-chap-3-1-c":"read, understood and accepted the Binance Leveraged Tokens Risk Disclosure Statement (the “BLVT Risk Disclosure”) and the terms of this Agreement.","agreement-chap-3-2":"A list of all Tokens available for subscription/redemption through the Platform can be found on the following webpage: Binance Leveraged Tokens | BLVTs. Each Token references a specific Underlying.","agreement-chap-3-1":"In order to subscribe for, redeem and/or trade in BLVT through the Platform, you must have:","agreement-chap-3-1-a":"set up a valid Account;","agreement-chap-2-7-s1":"When extreme market fluctuations decrease the value of a Token, a Reverse Token Split may be initiated to boost the Token’s liquidity and price. Binance will announce the arrangements for Reverse Token Splits through the Platform prior to the effective time. Further information on Reverse Token Splits can be found here: What Is Reverse Token Split | Binance Support","agreement-chap-2-8":"Further information on BLVT more generally can be found here: Binance Leveraged Tokens | BLVTs","agreement-chap-3":"Transacting in BLVT through the Platform","agreement-chap-3-2-s1":"You may choose to take positions in “UP” Tokens and/or “Down” Tokens. “UP” Tokens follow the price movements in the Underlying and allow for you to realize between 1.25x-4x leveraged gains when the price of the Underlying rises, whereas “DOWN” Tokens take an inverse position to the Underlying and allow for you to realize between 1.25x-4x leveraged gains when the price of the Underlying declines.","agreement-chap-3-3-s1":"Binance will periodically adjust the Basket related to a BLVT to account for any subscriptions or redemptions by buying additional USD(S)-M Futures Contracts for inclusion in the Basket or selling USD(S)-M Futures Contracts included within the Basket, as required. Further information on how to subscribe for and redeem BLVT can be found here: How to Subscribe or Redeem Binance Leveraged Tokens.","agreement-chap-2-5":"If, at any point, the Leverage Ratio of a BLVT falls outside the Target Leverage Range, Binance will rebalance the associated Basket by either buying additional USD(S)-M Futures for inclusion in the relevant Basket or selling a certain number of USD(S)-M Futures Contracts included within the relevant Basket, so as to bring the Leverage Ratio back within the Target Leverage Range (a “Rebalancing”). It may not always be possible for the Leverage Ratio to be within the Target Leverage Range at all times, such as in periods of extreme market volatility.","agreement-chap-2-3":"Each BLVT has an associated segregated account on the Platform (each, a “BLVT Account”) that holds a dynamically adjusted basket of USD(S)-M Futures Contracts referencing the relevant Underlying referred to (the “Basket”). For example, the “BTCUP” Token will reference a Basket of long positions in BTCUSDT USD(S)-M Futures Contracts. The number and type of USD(S)-M Futures Contracts included within a Basket are automatically selected by a Binance proprietary algorithm by reference to the Target Leverage Ratio that the Basket is looking to maintain.","agreement-chap-2-6":"The Target Leverage Ratio is not fixed and varies from time to time. As such, Rebalancing will only occur when market conditions deem it necessary rather than at predefined intervals. This reduces the risk of any front-running of BLVT. Further information with respect to Rebalancing of BLVT can be found here: What Is Binance Leveraged Tokens Rebalancing.","agreement-chap-2":"Features of BLVT","agreement-chap-2-1":"BLVTs are a type of derivative product that allows you to gain leveraged exposure to an underlying Digital Asset, without the requirement to pledge collateral or meet certain margin requirements and without the risk of liquidation.","agreement-chap-1-2":"The headings are inserted for convenience only and shall not affect the construction of this Agreement. Expressions in the singular form shall include the plural and vice versa, and all references to the masculine genders shall include the female and neuter genders and vice versa.","agreement-chap-1-3":"The words “include” or “including” shall be deemed to be followed by “without limitation” or “but not limited to” whether or not they are followed by such phrases or words of like import, and “otherwise” shall not be construed as limited by words with which it is associated.","agreement-def-15":"“USD(S)-M Futures Contract” means a Perpetual Futures Contract that is quoted, settled and margined in USD stablecoins (BUSD and USDT) and is traded on the Platform.","agreement-def-11":"“Reverse Token Splits” has the meaning given to it in clause 2.7 of the Agreement.","agreement-def-6":"“BLVT Fees” has the meaning given to it in clause 3.7.","agreement-def-14":"“Token Price” has the meaning given to it in clause 2.4 of this Agreement.","agreement-def-12":"“Target Leverage Ratio” means the particular Leverage Ratio that a Basket is looking to maintain , which is set by a Binance proprietary algorithm and will be within a range of between 1.25x and 4x (the “Target Leverage Range”).","agreement-def-10":"“Rebalancing” has the meaning given to it in clause 2.6 of this Agreement.","agreement-def-8":"“Leverage Ratio” means, with respect to a BLVT, the quotient obtained by dividing the Basket Value by the BLVT Account Value.","agreement-def-13":"“Token” means, in respect of each BLVT, each individual digital token (or fraction thereof) issued by Binance that has a value assigned to it and forms part of that BLVT.","agreement-def-7":"“BLVT Limit” has the meaning given to it in clause 3.4.","agreement-chap-2-2":"Binance is the sole issuer of BLVTs and also a market maker in BLVTs. You may request to subscribe for BLVT, redeem existing BLVT or trade BLVT on the secondary market through functionality available on the Platform.","agreement-def-3":"“BLVT” or “Leveraged Token” means a series of Tokens issued by Binance that represent a leveraged position in the relevant Basket, comprising long or short positions in USD(S)-M Futures Contracts referencing the relevant Underlying.","agreement-chap-1-1":"The following definitions are applicable to the terms of this Agreement:","agreement-cap-1":"This Binance Leveraged Tokens Agreement (this “Agreement”) shall apply to all BLVT issued, redeemed and/or traded on the Platform.","agreement-cap-3":"The terms in this Agreement shall be supplemental to and are to be read together with the Terms of Use. Accordingly, the provisions set out in the Terms of Use shall apply to the use of the Platform for the purposes of transacting in BLVT and references in the Terms of Use to the “Binance Services” shall include the issue, redemption and trading of BLVT and the related services contemplated hereunder, where relevant.","agreement-cap-2":"All capitalised terms and references used in this Agreement that are not defined herein shall have the meaning given to them in the Binance Terms of Use, as updated from time to time (the “Terms of Use”). Where a term is defined both in the Terms of Use and in this Agreement, for the purposes of this Agreement only, the definition in this Agreement shall prevail.","agreement-cap-3-s1":"In the event of any conflict or inconsistency between the terms in this Agreement and the Terms of Use, the terms in this Agreement shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.","agreement-cap-4":"The terms in this Agreement shall be further supplemented by the Binance Leveraged Tokens Trading Rules, as updated from time to time (the “Trading Rules”). In the event of any conflict or inconsistency between the terms in this Agreement and the Trading Rules, the Trading Rules shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.","agreement-def-4":"“BLVT Account” has the meaning given to it in clause 2.3 of this Agreement.","agreement-cap-5":"This version of this Agreement shall replace and supersede any previous agreements between us with respect to BLVT and any previous versions of this Agreement that may have been accepted through, or otherwise made available on, the Platform. By subscribing to, redeeming and/or trading in BLVT, you confirm your acceptance of this Agreement, the Terms of Use and the Trading Rules.","agreement-def-1":"“Basket” has the meaning given to it in clause 2.3 of this Agreement.","agreement-def-2":"“Basket Value” means, in respect of each BLVT, the combined market value of all USD(S)-M Futures Contracts constituting the Basket.","agreement-def-5":"“BLVT Account Value” means, with respect to a BLVT, the number of Tokens issued by the relevant BLVT Account multiplied by the Token Price of each Token, as determined by Binance.","agreement-def-9":"“Perpetual Futures Contracts” means contracts representing an obligation to buy or sell a Digital Asset (the “Underlying”) at a specific price, at any time while the contract remains open, with no specific expiry date.","agreement-chap-2-4":"The price at which each Token issued with respect to a BLVT may be subscribed for or redeemed (the “Token Price”), is referred to on the Platform as the “NAV” and is intended to reflect the current market value of the Token. This takes into account the Basket Value of the associated BLVT Account that has issued the Token and the applicable Leverage Ratio. It is important to note that the Token Price will always differ from the price of the Underlying.","take-down-desc":"We regret to inform you that the Leveraged Tokens service is no longer available. Explore more Futures trading opportunities and market trends.","discover-now":"Discover Now","mp-count-down-banner-upload-poa":"Upload POA","mp-count-down-banner-tips":"We have detected that you are attempting to access our services from a potentially restricted IP jurisdiction. Please upload your proof of address (POA) before {{closeDate}}, or your account will be restricted from placing new orders once the deadline passes."}