Amun Ltd, the fintech sister company of 21Shares AG that brings simple, intuitive and transparent trading products to the crypto market, is proud to announce that its inverse token, BTCSHORT is now available on HitBTC.
HitBTC, founded in 2013 by experienced system architects and technology experts, is one of the oldest and fastest growing crypto exchanges in existence. With an unparalleled track record of reliability, they offer their clients a comprehensive range of services that are accented by our smooth order execution, state-of-the-art trading terminal, and unmatched liquidity.
BTCSHORT is ideally suited to token holders who want notional exposure to the inverse or -1x the daily performance of Bitcoin on any given day. If bitcoin declines in value, BTCSHORT will function the opposite way and climb by an approximate equal value, generating a market gain for the investor.
Users will be able to mint/burn their own inverse tokens via Amun's platform (tokens.amun.com) by depositing USDC to the Amun Token Manager.
Amun’sBTCSHORT token is not a security token and will not be listed on a conventional equity stock exchange. It is also not to be confused with the perpetual contracts available on derivatives crypto exchanges. To fully explain the mechanics behind BTCSHORT, the company has released a whitepaper.
Amun Ltd, a Seychelles incorporated Fintech company, is the sister company of 21Shares AG in Switzerland. 21Shares AG is the leading issuer of fully-collateralized, institutional-grade Exchange Traded Products (ETPs) with crypto assets as underlyings. Since inception, back in November 2018, 21Shares AG has launched a total of eleven ETPs on the regulated segment of the largest Swiss stock exchange and two more stock exchanges in Switzerland and Germany, respectively. 21Shares has been pioneering several industry firsts including the first listed crypto basket index ETP (HODL) as well as the first fully-collateralized, non-derivative inverse bitcoin ETP (SBTC) on a regulated stock exchange. The company is backed by some of the most renowned VCs in the crypto market including Boost VC, Morgan Creek Digital Asset Management, Quiet Capital, and Collaborative Ventures.
About Amun Ltd.
Amun is the technology company behind the innovative inverse token BTCSHORT. Its sister company, 21Shares AG, is the Swiss-based issuer of fully-collateralized, passive investment ETPs (trackers) of crypto assets. Amun has built a proprietary token platform technology to allow users to issue their own traded 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 marketers with the sole mission to bring innovative and useful instruments to the crypto market.
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This document has been prepared and issued by Amun Limited (“Amun”).
Crypto asset trading involves a high degree of risk. The crypto asset market is new to many and unproven and may have the potential to not grow as expected. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment.
Nothing in this document (or any other documents mentioned herein) is or should be considered to be an invitation to enter into an investment and is not intended to be an offering of securities in any jurisdiction nor does it constitute an offer or an invitation to sell shares, securities or rights belonging to the Issuer or any related or associated company. This document has not been registered with or approved by any regulator in any jurisdiction. The information provided does not constitute a prospectus or any offering and does not contain or constitute an offer to sell or solicit an offer to invest in any jurisdiction.
Readers are cautioned that any historical performance information or forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results or performance may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax, or other advice and users are cautioned against basing undue reliance, investment decisions or other decisions solely on the content hereof.
Any historical performance included in this document may be based on back testing which is a means of evaluating a particular strategy by applying it to historical data to simulate what the performance of such strategy would have been. Back tested performance is purely hypothetical and is provided in this document solely for informational purposes and neither represents actual performance nor should it be interpreted as an indication of actual or future performance.
Neither Amun, nor any affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents.
The Tokens are complex products which incorporate a high degree of risk and should only be bought in or traded in by persons with appropriate technical knowledge who have experience with similar products.
The Tokens are not available for purchase by individuals or entities who are ordinarily resident in the United States, Switzerland, the Seychelles or any other country on the Prohibited List.
The Issuer reserves the right to restrict the sale of the Tokens in any jurisdiction or to any individuals or entities from time to time.