Dear users,

 

PEOPLE5S,OP3S, LPT5S, ALPHA5S, FIL5S, RVN5S,SNX5S, AXS5S, GALA5S, 1INCH5S, ENS3S, ENS5S, CRV3S, FTM3S, AAVE3S, LINK5S, ATOM5S, ZEN5S, MASK5S, UNI5S leveraged tokens are currently traded on AscendEX with less than 0.1 USDT 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 the leveraged tokens of PEOPLE5S,OP3S, LPT5S, ALPHA5S, FIL5S, RVN5S,SNX5S, AXS5S, GALA5S, 1INCH5S, ENS3S, ENS5S, CRV3S, FTM3S, AAVE3S, LINK5S, ATOM5S, ZEN5S, MASK5S, UNI5S between 2:30 p.m. and 3:00 p.m. UTC on Aug. 4. After this share merge, 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). Below you will find how we will conduct the merge: 

Leveraged Token

Merge Ratio

Net Value(NAV)Change

Positions Change

PEOPLE5S

128:1

NAV*128

Positions/128

OP3S

128:1

NAV*128

Positions/128

LPT5S

100:1

NAV*100

Positions/100

ALPHA5S

40:1

NAV*40

Positions/40

FIL5S

32:1

NAV*32

Positions/32

RVN5S

20:1

NAV*20

Positions/20

SNX5S

16:1

NAV*16

Positions/16

AXS5S

16:1

NAV*16

Positions/16

GALA5S

16:1

NAV*16

Positions/16

1INCH5S

16:1

NAV*16

Positions/16

ENS3S

16:1

NAV*16

Positions/16

ENS5S

10:1

NAV*10

Positions/10

CRV3S

10:1

NAV*10

Positions/10

FTM3S

10:1

NAV*10

Positions/10

AAVE3S

10:1

NAV*10

Positions/10

LINK5S

10:1

NAV*10

Positions/10

ATOM5S

10:1

NAV*10

Positions/10

ZEN5S

10:1

NAV*10

Positions/10

MASK5S

10:1

NAV*10

Positions/10

UNI5S

10:1

NAV*10

Positions/10

Notes:

1. The net value during the merge 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.

3. Before the reverse split, AscendEX will temporarily suspend these leveraged token trading markets and cancel any open orders.

4. After the reverse split is 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. AscendEX will reserve the right at any time in its sole discretion to modify, change or cancel the merge 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.

 

Thank you for your continued support!

 

The AscendEX Team

 

Website: https://ascendex.com

Twitter: https://twitter.com/Leveraged_Token

Telegram Group: https://t.me/AscendEX_Leveraged_Tokens