Frequently Asked Questions
What is Leverj?
Leverj is a decentralized leveraged crypto exchange that provides solutions to the inherent risks
seen in centralized trading platforms.
Why does Leverj use Ethereum as a base platform instead of Bitcoin?
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.
What risks are associated with centralized exchanges?
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.
How does Leverj avoid these risks?
Leverj provides decentralized identity to avoid identity leaks and multi-signature accounts to provide complete
control over account funds. We also give the user complete control of funds by fully decentralizing the back-end.
What does Custodial Mean?
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
All DEXs have low liquidity, how will you solve this problem?
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 market maker Smart Contract Japan.
Will margin trading implementation be accessible for all altcoins listed on the exchange or just the big names?
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.
Will the listing of ERC20 tokens that potentially can be recognized as securities be avoided? Is your DEX exchange subject to legal liabilities?
We will certainly get legal clearance first before listing any token.
Will Leverj feature some way of protecting against losses other than stop-loss orders?
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.
What is decentralized identity?
The user’s identity for any trade is simply a public key that controls the user’s coins. This brings financial
to trades that would be otherwise exposed on the blockchain. Given the ability to create identities at will, users
able to decentralize transaction histories. This works to further obfuscate the identity of the user and the amount
funds held by the user.
Where can I find development updates?
How does the UX of Leverj compare to the UX of a centralized exchange?
The UX of Leverj will be every bit as seamless as the top centralized exchanges, as while we refuse to compromise
security, we likewise refuse to compromise on usability.
How does the UX of Leverj compare to the UX of other decentralized exchange?
There are many decentralized exchanges, but none offer leveraged trading. There are many high speed exchanges,
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.
What features can the user expect on Leverj?
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,
replay videos, managed trading and simulated trading.
Advanced Platform Features
What are price action entries?
Price action entries are intended to give traders the opportunity to steer clear of FOMO-driven trades.
from a trader reacting too late once the price moves with unexpected strength can lead to entries too close to the
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.
How are trade replay videos used?
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
one’s greatest trading moments.
What is managed trading?
Managed trading presents an attractive alternative to those who have the capital but not the skill to trade.
“follow” or replicate trades of highly skilled traders automatically in exchange for a percentage of the profits.
What is simulated trading?
Simulated trading enables testing out ideas and fine tuning trading techniques with real-time market data while
avoiding market risk.
Accessing Your Account
How do logins work without username/password?
The UX is loginless. Accounts are created simply by generating a private key. This private key will be
your computer via JSON file for ease of access to your account from different browsers.
Will you also be able to access the account with a JSON file? Or will you have to paste the private key each
The UX is loginless. The user only need to use the JSON when accessing from a new browser. Zero-knowledge API
also available, which allows the user to trade without private key. This allows for trading without the ability to
What is a Zero-knowledge API key?
Zero-knowledge API keys (ZKA) enable integration with vendors and partners without relying on transport and
What currencies will I be able to deposit to trade on Leverj?
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.
Is there a plan for minimizing slow withdrawal risks if/when the ETH blockchain gets congested, as has happened
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
severe blockchain congestion.
Bi-Level Token System
What is a bi-level token system?
Many DApps use bi-level tokens to separate value from utility. The two level token system has been carefully
using economics and game theory to incentivize liquidity and to quickly grow a rich ecosystem.
What is the 2nd level token?
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.
What is the utility of the LEV token?
LEV is the primary token in our two-level token system. It is of fixed supply and represents a license to
the platform proportional to the percentage ownership of the token supply.
Will the Leverj token be used for dividend sharing?
There are no dividends. LEV can be used as a license to cover your trading fees on the Leverj platform though.
How can I see my tokens in my wallet?
Use "Add custom tokens". Token Address: 0x0f4ca92660efad97a9a70cb0fe969c755439772c, Decimal Places:9
Where can I trade my LEV token before the Leverj exchange is launched?
Currently LEV can be traded on OKEX, EtherDelta, and IDEX.
Will FEE tokens be distributed along with LEV tokens?
No. Unlike the LEV token which is created only on the TGE issuance with a permanently fixed supply, FEE tokens
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.
Can FEE tokens already be generated?
Fee tokens will be generated by staking when there is volume on the exchange.
What value do I gain from acquiring FEE tokens?
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.
Can FEE be used for anything else besides paying fees?
FEE can also be used to pay for a variety of services on the platform once the advanced ecosystem is released.
Can I buy FEE tokens if I don’t have any LEV to stake?
Yes. There will be a FEE/ETH spot market for traders interested in paying trading fees in FEE to purchase the
So FEE token is tradable?
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.
How do I begin 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.
Is there any formula to calculate FEE generation?
Token Generation Event
What was the TGE price?
1 LEV = 0.15 USD (0.00033 ETH)
What is the total and circulating supply of LEV?
Airdrop tokens will be released in May.
How can I check my airdrop balance?
Where is the Leverj team located?
The team is partially decentralized between North America and Europe, with HQ located in Silicon Valley.