{"id":"leverj","version":1,"language":"en","title":"Leverj","content":"**Leverj** is a [cryptocurrency](https://beta.everipedia.org/wiki/cryptocurrency) token that operates on the [Ethereum](https://beta.everipedia.org/wiki/ethereum-classic) platform. It is the only self-custodial decentralized derivatives exchange that provides upto 100x leverage. LEV is the fastest [cryptocurrency](https://beta.everipedia.org/wiki/cryptocurrency) decentralized exchange (DEX) in the world.[\\[1\\]](#cite-id-rkkumfasw4m)[\\[2\\]](#cite-id-qj21iszxu7)  \n  \n# Overview  \n  \nLeverj is designed around a bi-level token structure. The primary token (LEV) is of fixed supply, and represents a license to transact on the Leverj platform proportional to the total token supply. The secondary token, FEE, is the accounting Mechanism to ensure the rights of LEV can be exercised fully in a decentralized manner.  \n  \nThe amount of FEE tokens charged can be lower (say 0.1 FEE) or higher based on the product traded. Leverj can also adjust the coupon value based on market conditions such as price of ether.  \n  \nLeverj focuses on derivatives products, which distinguishes it from other DEX offerings. Using non-custodial risk management, we can offer derivatives products without requiring an exchange user to take over losing positions for liquidations.  \n  \nETH/USD inverse futures will be the primary offering. However, we can offer futures on any market with a stable, well developed market. We can also offer a variety of options or futures on liquid [ERC-20](https://beta.everipedia.org/wiki/erc-20) tokens.[\\[3\\]](#cite-id-w936l5kd4q)[\\[4\\]](#cite-id-y1f7svnewjo)  \n  \n# Lev & fee tokens  \n  \nThe Leverj DApp is designed with a bi-level token structure a two level tokens. The primary token is of fixed supply, and represents a license to transact on LEV platform proportional to the percentage ownership of the token supply. The Secondary token FEE is the accounting mechanism to ensure the rights of LEV can be exercised fully in a decentralized manner .  \n  \n## Lev Token  \n  \nLEV is the primary token in our two-level token system. It is of fixed supply and represents a license to transact on the platform proportional to the percentage ownership of the token supply. The token sold during the token launch is known as the Leverj LEV token. This token is created only on the ICO issuance and it’s supply is permanently fixed. LEV tokens may be used to generate FEE tokens.  \n  \n## Staking  \n  \nFair distribution of FEE tokens is ensured by staking LEV tokens. Users who stake for longer durations get more FEE tokens. This ensures that users committed to trading on the platform can be assured that they can exercise their license compared to users who are holding LEV simply for speculation.  \n  \nLeverj uses economic pressure instead of a mathematical model to compute the proper amount of FEE required to be in circulation. This is because a mathematical model will always have elaborate that no model can perfectly account for.  \n  \nAn economic pressure relieves us of the need for modeling and we simply use actual demand pressure which can be reduced to simple computation.[\\[5\\]](#cite-id-iy23p3hym2j)[\\[6\\]](#cite-id-u7kun5ssg6j)[\\[7\\]](#cite-id-c5bmo0xj87)  \n  \n<br>  \n","summary":"Leverj is a decentralized leveraged crypto exchange that provides solutions to inherent risks.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Ethereum"},{"id":"DEXes"}],"metadata":[{"id":"references","value":"[{\"id\":\"rkkumfasw4m\",\"url\":\"https://twitter.com/leverj_io\",\"description\":\"Twitter\",\"timestamp\":1661045997452},{\"id\":\"qj21iszxu7\",\"url\":\"https://leverj.io/\",\"description\":\"Website\",\"timestamp\":1661046009495},{\"id\":\"w936l5kd4q\",\"url\":\"https://leverj.io/\",\"description\":\"Website\",\"timestamp\":1661046060153},{\"id\":\"y1f7svnewjo\",\"url\":\"https://coinmarketcap.com/currencies/leverj-gluon/\",\"description\":\"CoinmaretCap\",\"timestamp\":1661046081062},{\"id\":\"iy23p3hym2j\",\"url\":\"https://www.crunchbase.com/organization/leverj-io\",\"description\":\"Crunchbase\",\"timestamp\":1661046136954},{\"id\":\"u7kun5ssg6j\",\"url\":\"https://coinmarketcap.com/currencies/leverj-gluon/\",\"description\":\"info\",\"timestamp\":1661046170966},{\"id\":\"c5bmo0xj87\",\"url\":\"https://cryptoslate.com/coins/leverj/\",\"description\":\"Info\",\"timestamp\":1661046176777}]"},{"id":"website","value":"https://leverj.io/"},{"id":"twitter_profile","value":"https://twitter.com/leverj_io"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/leverj"},{"id":"telegram_profile","value":"https://t.me/leverj"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/leverj-gluon/"},{"id":"etherscan_profile","value":"https://etherscan.io/token/0xBbff34E47E559ef680067a6B1c980639EEb64D24"},{"id":"previous_cid","value":"QmXaQQ9hnh5TY5Dbv7XDrEtURUk6VJnRq6iEAUBVDAcAtH"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x2fE6aCD015384E1ee5138eF79fe1a434dA8FA12e","profile":{"username":"Mosesgadang","avatar":"QmQn29xmF91HqeJffVnsiU3b1qVQtMUi8d6vGVXEnjBhhN"}},"media":[{"name":"1 mlwpRBB9GBNgXHvKvqPySg.png","id":"QmQA3JnSDGiP66qQ8qfxUGE94kkbWtAmM2eEJAokR8r1uV","size":"0.068","source":"IPFS_IMG"},{"name":"gg.png","id":"QmfRLqDEiXmYNnD328XdFqN8QgEMUVDAQXcxmVMdPpXa87","size":"0.003","source":"IPFS_IMG"},{"name":"index.jpg","id":"QmWdwxHTGrbWrKjuHftV4RuoUHrK2xEpEGbEB1Vc3t6Qjn","size":"0.008","source":"IPFS_IMG"},{"name":"jj.jpg","id":"QmVBLC7KWsef3W2GbavqSLPzk6WrvBAVBeP33QUDxpbYem","size":"0.004","source":"IPFS_IMG"},{"name":"LeverJ.webp","id":"QmfZYrnPhKQ3qKUj2JkbqPxy5boJNkm3j6f3GinLL5tKZg","size":"0.006","source":"IPFS_IMG"}],"ipfs":"QmXaQQ9hnh5TY5Dbv7XDrEtURUk6VJnRq6iEAUBVDAcAtH","transactionHash":"0xe7376c8b40a566d3abe2ce11fef97132aff050afc778067d4d951539d72de1aa","created":"2022-08-21T01:48:03.719Z","updated":"2022-08-21T01:48:03.719Z","images":[{"id":"QmW2di5Exko3BKsvC7PhFSW5gf3tfEFFfH5v4BT3NydRRB","type":"image/jpeg, image/png"}]}