Dear users,

LOOKS5L, ETC5L, DYDX5L, RVN5L, SLP5L, GALA5L, 1INCH5L，UNI5L, EOS5L, ZEN5L, DOGE5L, MATIC5L, GALA3L, STORJ3L，NEAR5L, ALPHA5L, ONT5L, DYDX3L, ZRX5L, ANT5L, XRP5S，CHZ5 and ALGO5S 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 conducted a share merge for the leveraged tokens of LOOKS5L, ETC5L, DYDX5L, RVN5L, SLP5L, GALA5L, 1INCH5L，UNI5L, EOS5L, ZEN5L, DOGE5L, MATIC5L, GALA3L, STORJ3L，NEAR5L, ALPHA5L, ONT5L, DYDX3L, ZRX5L, ANT5L, XRP5S，CHZ5S and ALGO5S between 2:30 p.m. and 3:00 p.m. UTC on Sep.22. 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

LOOKS5L

32:1

NAV*32

Positions/32

ETC5L

20:1

NAV*20

Positions/20

DYDX5L

16:1

NAV*16

Positions/16

RVN5L

16:1

NAV*16

Positions/16

SLP5L

16:1

NAV*16

Positions/16

GALA5L

16:1

NAV*16

Positions/16

1INCH5L

16:1

NAV*16

Positions/16

UNI5L

16:1

NAV*16

Positions/16

EOS5L

10:1

NAV*10

Positions/10

ZEN5L

10:1

NAV*10

Positions/10

DOGE5L

10:1

NAV*10

Positions/10

MATIC5L

10:1

NAV*10

Positions/10

GALA3L

10:1

NAV*10

Positions/10

STORJ3L

10:1

NAV*10

Positions/10

NEAR5L

10:1

NAV*10

Positions/10

ALPHA5L

10:1

NAV*10

Positions/10

ONT5L

10:1

NAV*10

Positions/10

DYDX3L

10:1

NAV*10

Positions/10

ZRX5L

10:1

NAV*10

Positions/10

ANT5L

10:1

NAV*10

Positions/10

XRP5S

64:1

NAV*64

Positions/64

CHZ5S

40:1

NAV*40

Positions/40

ALGO5S

20:1

NAV*20

Positions/20

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