1x Long Bitcoin Implied Volatility Token. Price of cryptocurrency: $ 67.99148321

BVOL is a token that tries to track the implied volatility of the markets. If you want to create $10,000 of BVOL, you need to trade FTX MOVE contracts. You can send $10,000 and the BVOL account on FTX will buy $10,000 worth of FTX MOVE contracts. There are people in this picture You can redeem BVOL token for their net asset value. You can redeem your $10,000 in BVOL by sending it back to FTX. There are people in this picture The creation and redemption mechanism is what makes sure that the leverage token is worth what it's supposed to be.