Dear users,

200 Leveraged Tokens such as HIGH5L are currently traded on AscendEX with less than 0.1 USDT in share value, meanwhile 17 Leveraged Tokens such as ACE5S 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 200 Leveraged Tokens such as HIGH5L and a share split 17 Leveraged Tokens such as ACE5S at 3:00 p.m. UTC on July.5. 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

HIGH5L

100000:1

NAV*100,000

Positions/100,000

BIGTIME5L

10000:1

NAV*10,000

Positions/10,000

SATS5L

10000:1

NAV*10,000

Positions/10,000

MEME5L

1000:1

NAV*1,000

Positions/1,000

ACE5L

1000:1

NAV*1,000

Positions/1,000

WLD5L

1000:1

NAV*1,000

Positions/1,000

RDNT5L

1000:1

NAV*1,000

Positions/1,000

TOKEN5L

1000:1

NAV*1,000

Positions/1,000

BEAMX5L

1000:1

NAV*1,000

Positions/1,000

TIA5L

1000:1

NAV*1,000

Positions/1,000

OMG5L

1000:1

NAV*1,000

Positions/1,000

CRV5L

1000:1

NAV*1,000

Positions/1,000

BLUR5L

1000:1

NAV*1,000

Positions/1,000

ICP5L

1000:1

NAV*1,000

Positions/1,000

CHZ5L

1000:1

NAV*1,000

Positions/1,000

GALA5L

1000:1

NAV*1,000

Positions/1,000

ARB5L

1000:1

NAV*1,000

Positions/1,000

ALPHA5L

1000:1

NAV*1,000

Positions/1,000

FXS5L

1000:1

NAV*1,000

Positions/1,000

MAV5L

1000:1

NAV*1,000

Positions/1,000

YGG3L

1000:1

NAV*1,000

Positions/1,000

MINA5L

1000:1

NAV*1,000

Positions/1,000

JOE5L

1000:1

NAV*1,000

Positions/1,000

C985L

1000:1

NAV*1,000

Positions/1,000

ONE5L

1000:1

NAV*1,000

Positions/1,000

FLM5L

1000:1

NAV*1,000

Positions/1,000

BLUR3L

1000:1

NAV*1,000

Positions/1,000

CFX5L

1000:1

NAV*1,000

Positions/1,000

ZRX5L

1000:1

NAV*1,000

Positions/1,000

POWR5L

1000:1

NAV*1,000

Positions/1,000

AR5L

1000:1

NAV*1,000

Positions/1,000

REN5L

1000:1

NAV*1,000

Positions/1,000

SUSHI5L

1000:1

NAV*1,000

Positions/1,000

ETHFI3L

1000:1

NAV*1,000

Positions/1,000

LINA5L

1000:1

NAV*1,000

Positions/1,000

ENS5S

100:1

NAV*100

Positions/100

HOT5L

100:1

NAV*100

Positions/100

ZIL5L

100:1

NAV*100

Positions/100

HIGH3L

100:1

NAV*100

Positions/100

AEVO3L

100:1

NAV*100

Positions/100

CHR5L

100:1

NAV*100

Positions/100

SHIB5L

100:1

NAV*100

Positions/100

ID5L

100:1

NAV*100

Positions/100

HOOK5L

100:1

NAV*100

Positions/100

LRC5L

100:1

NAV*100

Positions/100

BCH5L

100:1

NAV*100

Positions/100

DOGE5L

100:1

NAV*100

Positions/100

ALT3L

100:1

NAV*100

Positions/100

LOOM5L

100:1

NAV*100

Positions/100

DYDX5L

100:1

NAV*100

Positions/100

LUNC5L

100:1

NAV*100

Positions/100

RVN5L

100:1

NAV*100

Positions/100

GRT5L

100:1

NAV*100

Positions/100

KAVA3L

100:1

NAV*100

Positions/100

SNX5L

100:1

NAV*100

Positions/100

THETA5L

100:1

NAV*100

Positions/100

MAVIA3L

100:1

NAV*100

Positions/100

HBAR5L

100:1

NAV*100

Positions/100

PYTH5L

100:1

NAV*100

Positions/100

SXP5L

100:1

NAV*100

Positions/100

BAND5L

100:1

NAV*100

Positions/100

PEOPLE5L

100:1

NAV*100

Positions/100

BOND5L

100:1

NAV*100

Positions/100

FLOW5L

100:1

NAV*100

Positions/100

TNSR3L

100:1

NAV*100

Positions/100

KAVA5L

100:1

NAV*100

Positions/100

FIL5L

100:1

NAV*100

Positions/100

FTM3L

100:1

NAV*100

Positions/100

RUNE5L

100:1

NAV*100

Positions/100

WOO5L

100:1

NAV*100

Positions/100

LSK3L

100:1

NAV*100

Positions/100

BOME3L

100:1

NAV*100

Positions/100

INJ5L

100:1

NAV*100

Positions/100

PIXEL3L

100:1

NAV*100

Positions/100

STORJ3L

100:1

NAV*100

Positions/100

ACH3L

100:1

NAV*100

Positions/100

REN3L

100:1

NAV*100

Positions/100

THETA3L

100:1

NAV*100

Positions/100

JTO3L

100:1

NAV*100

Positions/100

ANKR5L

100:1

NAV*100

Positions/100

MAV3L

100:1

NAV*100

Positions/100

MOVR3L

100:1

NAV*100

Positions/100

WIF3L

100:1

NAV*100

Positions/100

NEAR5L

100:1

NAV*100

Positions/100

RUNE3L

100:1

NAV*100

Positions/100

MANA5L

100:1

NAV*100

Positions/100

STRK3L

100:1

NAV*100

Positions/100

SSV5L

100:1

NAV*100

Positions/100

SUI5L

100:1

NAV*100

Positions/100

MAGIC5L

100:1

NAV*100

Positions/100

ORBS5L

100:1

NAV*100

Positions/100

CELR5L

100:1

NAV*100

Positions/100

GALA3L

100:1

NAV*100

Positions/100

CELO3L

100:1

NAV*100

Positions/100

SKL3L

100:1

NAV*100

Positions/100

FTM5L

100:1

NAV*100

Positions/100

ILV5L

100:1

NAV*100

Positions/100

PORTAL3L

100:1

NAV*100

Positions/100

ARKM3L

100:1

NAV*100

Positions/100

STORJ5L

100:1

NAV*100

Positions/100

ZETA3L

100:1

NAV*100

Positions/100

DYM3L

100:1

NAV*100

Positions/100

BADGER3L

100:1

NAV*100

Positions/100

ICP3L

100:1

NAV*100

Positions/100

CAKE5L

100:1

NAV*100

Positions/100

MASK5L

100:1

NAV*100

Positions/100

AGLD5L

100:1

NAV*100

Positions/100

VET3L

100:1

NAV*100

Positions/100

APT5L

100:1

NAV*100

Positions/100

ACH5L

100:1

NAV*100

Positions/100

ORDI5L

100:1

NAV*100

Positions/100

CELO5L

100:1

NAV*100

Positions/100

FLOKI3L

100:1

NAV*100

Positions/100

CKB3L

100:1

NAV*100

Positions/100

ATOM5L

100:1

NAV*100

Positions/100

SNX3L

100:1

NAV*100

Positions/100

IOTX3L

100:1

NAV*100

Positions/100

ENA3L

100:1

NAV*100

Positions/100

BAL5L

100:1

NAV*100

Positions/100

HBAR3L

100:1

NAV*100

Positions/100

AVAX5L

100:1

NAV*100

Positions/100

CTSI5L

100:1

NAV*100

Positions/100

MYRO3L

100:1

NAV*100

Positions/100

KEY5L

100:1

NAV*100

Positions/100

STX5L

100:1

NAV*100

Positions/100

C983L

100:1

NAV*100

Positions/100

MANTA3L

100:1

NAV*100

Positions/100

REZ3L

100:1

NAV*100

Positions/100

LDO5L

100:1

NAV*100

Positions/100

RLC3L

100:1

NAV*100

Positions/100

SUI3L

100:1

NAV*100

Positions/100

LQTY5L

100:1

NAV*100

Positions/100

SSV3L

100:1

NAV*100

Positions/100

W3L

100:1

NAV*100

Positions/100

ICX5L

100:1

NAV*100

Positions/100

SAND5L

100:1

NAV*100

Positions/100

BAL3L

100:1

NAV*100

Positions/100

SAGA3L

100:1

NAV*100

Positions/100

1INCH3L

100:1

NAV*100

Positions/100

EOS5L

100:1

NAV*100

Positions/100

DOGE3L

100:1

NAV*100

Positions/100

ID3L

100:1

NAV*100

Positions/100

XRP5L

100:1

NAV*100

Positions/100

KLAY5L

100:1

NAV*100

Positions/100

ONE3L

100:1

NAV*100

Positions/100

AVAX3L

100:1

NAV*100

Positions/100

RONIN3L

100:1

NAV*100

Positions/100

AXS5L

100:1

NAV*100

Positions/100

TWT3L

100:1

NAV*100

Positions/100

CELR3L

100:1

NAV*100

Positions/100

MKR5L

100:1

NAV*100

Positions/100

QNT3L

100:1

NAV*100

Positions/100

PERP3L

100:1

NAV*100

Positions/100

VANRY3L

100:1

NAV*100

Positions/100

CHR3L

100:1

NAV*100

Positions/100

ZEC5L

100:1

NAV*100

Positions/100

FLOW3L

100:1

NAV*100

Positions/100

LPT5L

100:1

NAV*100

Positions/100

LUNC3L

100:1

NAV*100

Positions/100

KSM5L

100:1

NAV*100

Positions/100

TRB5L

100:1

NAV*100

Positions/100

ETH5L

10:1

NAV*10

Positions/10

TAO3L

10:1

NAV*10

Positions/10

ROSE5L

10:1

NAV*10

Positions/10

NEAR3L

10:1

NAV*10

Positions/10

DODO3L

10:1

NAV*10

Positions/10

EGLD5L

10:1

NAV*10

Positions/10

SHIB3L

10:1

NAV*10

Positions/10

SEI3L

10:1

NAV*10

Positions/10

RNDR5L

10:1

NAV*10

Positions/10

EOS3L

10:1

NAV*10

Positions/10

LEVER3L

10:1

NAV*10

Positions/10

BONK5L

10:1

NAV*10

Positions/10

ETC5L

10:1

NAV*10

Positions/10

LDO3L

10:1

NAV*10

Positions/10

BLZ3L

10:1

NAV*10

Positions/10

SUPER3L

10:1

NAV*10

Positions/10

AR3L

10:1

NAV*10

Positions/10

XAI3L

10:1

NAV*10

Positions/10

ORDI3L

10:1

NAV*10

Positions/10

MATIC5L

10:1

NAV*10

Positions/10

AUCTION3L

10:1

NAV*10

Positions/10

GAS3L

10:1

NAV*10

Positions/10

DYDX3L

10:1

NAV*10

Positions/10

RATS3L

10:1

NAV*10

Positions/10

OP3L

10:1

NAV*10

Positions/10

MAGIC3L

10:1

NAV*10

Positions/10

XRP3L

10:1

NAV*10

Positions/10

NOT3L

10:1

NAV*10

Positions/10

MKR3L

10:1

NAV*10

Positions/10

HOT3L

10:1

NAV*10

Positions/10

IO3L

10:1

NAV*10

Positions/10

XVS3L

10:1

NAV*10

Positions/10

XLM5L

10:1

NAV*10

Positions/10

PEOPLE3L

10:1

NAV*10

Positions/10

MANA3L

10:1

NAV*10

Positions/10

JUP3L

10:1

NAV*10

Positions/10

INJ5S

10:1

NAV*10

Positions/10

XMR5S

10:1

NAV*10

Positions/10

SFP5S

10:1

NAV*10

Positions/10

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

Leveraged Token

Split Ratio

Net Value（NAV）Change

Positions Change

GRT5S

1:10

NAV/10

Positions*10

BLUR5S

1:10

NAV/10

Positions*10

TOKEN5S

1:10

NAV/10

Positions*10

CELR5S

1:10

NAV/10

Positions*10

WLD5S

1:10

NAV/10

Positions*10

FLM5S

1:10

NAV/10

Positions*10

HIGH5S

1:10

NAV/10

Positions*10

MASK5S

1:10

NAV/10

Positions*10

HIGH3S

1:10

NAV/10

Positions*10

BIGTIME5S

1:10

NAV/10

Positions*10

ID3S

1:10

NAV/10

Positions*10

ETHFI3S

1:10

NAV/10

Positions*10

POWR5S

1:10

NAV/10

Positions*10

MINA5S

1:10

NAV/10

Positions*10

SATS5S

1:10

NAV/10

Positions*10

CELO5S

1:10

NAV/10

Positions*10

ACE5S

1:100

NAV/100

Positions*100

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 & split 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