XT.COM Announcement on Launching GAL Transaction Fee-Free Activity in ETF Market

Dear XTers,

XT.COM will list Project Galaxy (GAL3L, GAL3S) in the ETF market at 06:00 on May 8, 2022 (UTC), and will start a week of fee-free transaction event soon!

【Activity time】

06:00 May 8 - 06:00 May 14, 2022 (UTC)

【Activities】

During the event, users who trade GAL3L and GAL3S in the ETF market will be free of transaction fees. Welcome to participate!

*What is ETF?
An exchange-traded fund (ETF) is a product that uses financial derivatives and debt to amplify the returns of an underlying token. For example, if the underlying token rises 1%, the corresponding 3x ETF rises 3% respectively, while the -3x products fall 3% respectively. 

An ETF is essentially a fund managed by a professional financial team. Each ETF product corresponds to a certain number of futures contract positions. The fund manager can dynamically adjust the futures positions so that the entire fund share can maintain fixed leverage for a certain period of time. A professional team is responsible for the management and maintenance of the investment portfolio, allowing investors to easily build their own constant investment portfolio without needing to understand the specific mechanism.