#BTFD. We have all heard of this term where you attempt to buy at the bottom, but how can you do it effectively to capitalize on a positive market movement?
Introducing TurboCharge. Click here to understand how to maximize your gains with this feature! ⤵️⤵️⤵️
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DISCLAIMER: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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Turbocharge is based on the "Cascade of Loans" principle, where borrowed crypto is used as collateral for the next loan, and vice versa, all in one click until it meets your requirements.
TL;DR, it buys crypto for you & uses that loan to buy more crypto, thus leveraging it.
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What is the difference between MultiHODL and Turbocharge?
Turbocharge should only be used in an 'up-only' scenario and when you do not have 'liquidity' in stablecoins to capitalize on the potential gains. Additionally, you can only use Turbocharge on the coins you own.
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Why Turbocharge?
Turbocharge allows you:
- Allowing you to still HODL your additional crypto even if the price goes down simply by adding more collateral
- BTFD without liquid cash
- Fixed fee vs trading
- One click
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However, do take note there are significant risks when using Turbocharge.
Even though we offer up to 90% LTV on your crypto, a sudden volatile down movement of >5% would liquidate your position. We do not recommend taking more risks than you should.
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Depending on your loan plan, you would have to repay your loans eventually no matter whether the market goes up or down. Do take note to manage your risks and not overleverage your positions.
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That being said, Turbocharge is an all-in-one feature for you to quickly multiply your crypto in one click to quickly capitalize on movements to the upside.
If you are a moonboi, this feature is for you!
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