FAQs

Answers to the our users’ most common questions.

LEVERJ.io

LEVERJ is a decentralized leveraged crypto exchange that provides solutions to the inherent risks seen in centralized trading platforms.
In the current state of the bitcoin network, the decentralized model has become prohibitively expensive. Ethereum transactions are faster and cheaper, making it the natural step forward for further developing a decentralized trading platform.

Decentralized Exchange

The exposure of three core pieces of user information are inevitable in centralized exchanges. They include the identity of the user, user funds and user transaction history. In a traditional centralized exchange, this valuable information is at the mercy and competence of the exchange operators. The centralization of these valuables in the custody of an exchange are an attractive target for hackers, lawsuits and state actors. As seen over and over again, the risks and losses can be substantial.
LEVERJ provides decentralized identity to avoid identity leaks and multi-signature accounts to provide complete user control over account funds. We also give the user complete control of funds by fully decentralizing the back-end.
LEVERJ provides decentralized identity to avoid identity leaks and multi-signature accounts to provide complete user control over account funds. We also give the user complete control of funds by fully decentralizing the back-end.
It refers to the custody of user funds. Basically, LEVERJ does not hold centralized custody of user funds, only the user ever has access to their own funds. This keeps major hacks virtually impossible, and the trader is not exposed to any risk of an exit scam.

The LEVERJ Platform

We will provide ample liquidity from the raise in the beginning. There is always higher liquidity in zero-fee platform. On LEVERJ, since a period of low activity results in the accumulation of FEE tokens, it will trigger an increase in volume since more trading strategies are profitable. We also have 30% of tokens allocated for liquidity, we can compensate market makers so they can be paid for adding liquidity and be profitable. We have recently gained a partnership with marketmaker Smart Contract Japan.
The ability to provide a quality margin product is dependent upon the quality of the liquidity of the underlying spot market. so in the beginning we will focus on ETH margin for ETH/USD futures, then ETH margin for ERC20 tokens against ETH pair. and if the markets mature enough, even ERC20 being used as collateral in ERC20 based products.
We will certainly get legal clearance first before listing any token.
Yes, you can 'isolate' the margin put to a position so that the max loss you can have is the margin you elect to risk.

Decentralized Identity

The user’s identity for any trade is simply a public key that controls the user’s coins. This brings financial privacy to trades that would be otherwise exposed on the blockchain. Given the ability to create identities at will, users are able to decentralize transaction histories. This works to further obfuscate the identity of the user and the amount of funds held by the user.

Development

Check out our most recent roadmap. Also, LEVERJ is on Github. Please note that much of the development is currently in private repos. As we get closer to exchange launch, more of these repos will be made public.

UX

The UX of LEVERJ will be every bit as seamless as the top centralized exchanges, as while we refuse to compromise on security, we likewise refuse to compromise on usability.
There are many decentralized exchanges, but none offer leveraged trading. There are many high speed exchanges, but none are non-custodial. We offer the user a high-speed non-custodial leveraged exchange, complete with all of the usability features seen in the top centralized exchanges.
High liquidity, tight spreads, low slippage, atomic stops, hardware key authentication, near-instant settlement, proof-of-audit embedded in blockchain, zero-knowledge API keys, and into the near-future, price action entries, trade replay videos, managed trading and simulated trading.

Advanced Platform Features

Price action entries are intended to give traders the opportunity to steer clear of FOMO-driven trades. Hesitation from a trader reacting too late once the price moves with unexpected strength can lead to entries too close to the top or bottom of a move, and exits that often leave the trader’s PNL at a loss. Price action entries allow the trader to quickly build a position free from absolute price levels and remain focused on the unfolding market structure. This allows for ease of entries and exits, reducing unexpected losses and suboptimal exits.
The best way to improve trading is for the trader to observe his or her own trades. Trade replay videos allow the trader to view how a trade was planned and executed, from placing the entry order, to stop management to eventual exit. Video replay can be used to document trading, share with and teach other traders or simply to keep an archive of one’s greatest trading moments.
Managed trading presents an attractive alternative to those who have the capital but not the skill to trade. Simply “follow” or replicate trades of highly skilled traders automatically in exchange for a percentage of the profits.
Simulated trading enables testing out ideas and fine tuning trading techniques with real-time market data while avoiding market risk.

Accessing Your Account

The UX is loginless. Accounts are created simply by generating a private key. This private key will be downloadable to your computer via JSON file for ease of access to your account from different browsers.
The UX is loginless. The user only need to use the JSON when accessing from a new browser. Zero-knowledge API keys are also available, which allows the user to trade without private key. This allows for trading without the ability to move coins.
Zero-knowledge API keys (ZKA) enable integration with vendors and partners without relying on transport and storage secrecy.

Deposits/Withdrawals

LEVERJ uses ETH as the sole currency of the base platform. Deposits will only be made available in ETH as well as listed ERC20 tokens.
Withdrawal delays will depend on the blockchain congestion. By treading lightly on the blockchain, an increase in exchange volume will not cause a proportional increase in our blockchain footprint. Since blockchain congestion does not impact trading but only withdrawals, we are able to be responsive and scale the trading part of it in the case of severe blockchain congestion.

Bi-Level Token System

Many DApps use bi-level tokens to separate value from utility. The two level token system has been carefully crafted using economics and game theory to incentivize liquidity and to quickly grow a rich ecosystem.
The secondary token is the FEE token. It is the accounting mechanism to ensure the rights of LEV can be exercised fully in a decentralized manner.

LEV Token

LEV 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.
There are no dividends. LEV can be used as a license to cover your trading fees on the LEVERJ platform though.
Use 'Add custom tokens'. Token Address: 0x0f4ca92660efad97a9a70cb0fe969c755439772c, Decimal Places:9
Currently LEV can be traded on OKEX, EtherDelta, and IDEX.

FEE Token

No. Unlike the LEV token which is created only on the TGE issuance with a permanently fixed supply, FEE tokens can be generated by LEV token holders by freezing the LEV token in a smart contract for a fixed duration. The amount of FEE generated is determined by the amount of LEV being frozen, as well as the exchange’s trading volume at the time that the LEV tokens are frozen.
Fee tokens will be generated by staking when there is volume on the exchange.
By staking LEV tokens and ultimately acquiring FEE tokens, a trader is able to trade on the LEVERJ platform without having to pay fees in ETH. The benefit of paying fees in FEE tokens instead of ETH comes into play when the FEE/ETH market is trading below the face FEE price of 0.0001 ETH. Since some LEV stakers will sell FEE on the market, it will provide sell pressure for traders to buy FEE with ETH at a discount to save money on trading fees.
FEE can also be used to pay for a variety of services on the platform once the advanced ecosystem is released.
Yes. There will be a FEE/ETH spot market for traders interested in paying trading fees in FEE to purchase the token using ETH.
Yes and no. Yes it is tradeable, but it won’t be a base pair to trade to tokens. FEE can be traded for ETH and vice versa.

Staking

You can stake LEV here. We recommend that you use the METAMASK Chrome extension. Please note that no FEE will be generated until the exchange is live and there is volume. Before the exchange launches, it is recommended that you try staking some LEV on testnet. Check out this step-by-step of how to stake.
This blog post explains the formula of how staking LEV tokens will cover trading fees on the platform.

Token Generation Event

1 LEV = 0.15 USD (0.00033 ETH)
Circulating: 118,090,511 LEV | Total: 1,000,000,000 LEV. Read more about the full supply distribution here.
Airdrop tokens will be released in May.

Team

The team is partially decentralized between North America and Europe, with HQ located in Silicon Valley.

We use cookies to better provide our services. Review our privacy policy for more information.