Dear users, 

49 Leveraged Tokens such as TIA5S are currently traded on AscendEX with less than 0.1 USDT in share value, meanwhile 3 Leveraged Token such as SOL5L is traded on on AscendEX with high price in share value, which negatively impact price precision and trading simplicity. To improve users’ experience in trading leveraged tokens, AscendEX will conduct a share merge for 49 Leveraged Tokens such as TIA5S and a share split for 3 Leveraged Token such as SOL5L at 2:30 p.m. UTC on Nov.16. After this share merge & split, the number of the leveraged token shares held by users and the unit value per share will change, but the total value of users’ holdings will not change (without considering value changes caused by market fluctuations).

1.Below you will find how we will conduct the merge: 

Leveraged Token

Merge Ratio

Net Value（NAV）Change

Positions Change

TIA5S

12800:1

NAV*12,800

Positions/12,800

MEME5S

640:1

NAV*640

Positions/640

AVAX5S

320:1

NAV*320

Positions/320

BNT3S

320:1

NAV*320

Positions/320

JOE5S

200:1

NAV*200

Positions/200

BIGTIME5S

128:1

NAV*128

Positions/128

TOKEN5S

100:1

NAV*100

Positions/100

WLD5S

100:1

NAV*100

Positions/100

ARKM3S

64:1

NAV*64

Positions/64

DYDX5S

64:1

NAV*64

Positions/64

ICX5S

64:1

NAV*64

Positions/64

SAND5S

64:1

NAV*64

Positions/64

STORJ3S

40:1

NAV*40

Positions/40

AVAX3S

32:1

NAV*32

Positions/32

LOOM5S

32:1

NAV*32

Positions/32

SSV3S

32:1

NAV*32

Positions/32

MAV5S

32:1

NAV*32

Positions/32

DYDX3S

32:1

NAV*32

Positions/32

LDO5S

32:1

NAV*32

Positions/32

NEAR5S

32:1

NAV*32

Positions/32

SNX5S

32:1

NAV*32

Positions/32

LUNC5S

20:1

NAV*20

Positions/20

CAKE5S

16:1

NAV*16

Positions/16

FET3S

20:1

NAV*20

Positions/20

RUNE5S

16:1

NAV*16

Positions/16

SOL3S

16:1

NAV*16

Positions/16

KAVA5S

16:1

NAV*16

Positions/16

NEAR3S

16:1

NAV*16

Positions/16

THETA5S

16:1

NAV*16

Positions/16

LUNC3S

16:1

NAV*16

Positions/16

CRV5S

16:1

NAV*16

Positions/16

KLAY5S

16:1

NAV*16

Positions/16

GRT5S

16:1

NAV*16

Positions/16

HIGH5S

16:1

NAV*16

Positions/16

CTSI5S

10:1

NAV*10

Positions/10

ETH3S

10:1

NAV*10

Positions/10

ETH5S

10:1

NAV*10

Positions/10

WOO3S

10:1

NAV*10

Positions/10

APT3S

10:1

NAV*10

Positions/10

GMT3S

10:1

NAV*10

Positions/10

OP3S

10:1

NAV*10

Positions/10

RVN5S

10:1

NAV*10

Positions/10

ICX3S

10:1

NAV*10

Positions/10

MASK3S

10:1

NAV*10

Positions/10

SHIB5S

10:1

NAV*10

Positions/10

LOOM5L

32:1

NAV*32

Positions/32

TRB5L

32:1

NAV*32

Positions/32

MAGIC5L

16:1

NAV*16

Positions/16

ZRX5S

6400:1

NAV*6,400

Positions/6,400

2.Below you will find how we will conduct the split: 

Leveraged Token

Split Ratio

Net Value（NAV）Change

Positions Change

SOL5L

1:10

NAV/10

Positions*10

AVAX5L

1:16

NAV/16

Positions*16

RUNE3L

1:10

NAV/10

Positions*10

Notes：

1. The net value during the merge & split will be the basis for net value calculation.
2. The name, abbreviation and trading pairs of the leveraged token shares will remain the same after the merge & split .
3. Before the merge & split , AscendEX will temporarily suspend these leveraged token trading markets and cancel any open orders.
4. After the merge & split are completed, AscendEX will resume these leveraged token trading markets. Please note, the price will fluctuate around the new unit value after the split. Users should pay close attention when placing their orders.
5. As the net value of leveraged products is highly volatile, it’s possible that some of the above leveraged products may not be conducted a share merge & split . AscendEX will reserve the right at any time in its sole discretion to modify, change or cancel the merge & split for any reason.

Please read FAQs on AscendEX Leveraged Tokens to learn more.

Risk Disclosure: Leveraged tokens are a type of high-risk financial derivative. Please be sure to have a full understanding of the products, as well as the rebalancing mechanism, holding costs and other basic principles before trading. The above information is not investment advice. Investors should be cautious and pay attention to risk management while trading.

Upon the share merge finished, AscendEX will resume the above leveraged token's trading immediately, and no further announcement will be made. 

Thank you for your continued support!

The AscendEX Team

Website: https://ascendex.com
Twitter: https://twitter.com/ETF_Options
Telegram Group: https://t.me/AscendEX_Leveraged_Tokens