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Coins like LTCUP LTCDOWN (the 4x leverage for up and down, same for BTC, ETH, and a few other coins) all were down -80% when crypto was sliding the other day. All the XXXDOWN coins should be have up substantially but were down 80% still. So Binance sold people a bunch of leveraged coins that didn't do what they said they were supposed to do so those people lost all their money and can't do anything about it
I bought this LiteCup coin (LTCUP). It’s fuckin lit 🚀
Both the same problems. Now the customers have a lot of doubts: 1. Sushiup and aaveup deviate from the leverage multiples of 1.25-4X seriously, the highest reaching 11.17 and 7 times respectively, even if the position is moved, it should be sliding at the leverage of 1.25-4X. Why does sushiup go directly from 35 dollars to 1 dollar aaveup directly from more than 90 Down to $5. that's so unreasonable. I have also traded XRPUP and LTCUP before. Although there have been problems with shifting positions, they are all within a reasonable leverage ratio, so basically no one questioned it. 2. Sushiup and sushidown dumped at the same time and the drop was seriously. 3. After this kind of crush, many users suffered losses. Contact Binance customer service and could not be reached. Binance announcement did't respond too. ​ I don't know if Binance has a reasonable explanation and further solutions. Let's defend our rights together.
Made a few percent on BTCDOWN and then LTCUP, and put the gains into a top-up of ALGO. Not a bad day overall.