Dear users,

 

53 Leveraged Tokens such as BLUR3S are currently traded on AscendEX with less than 0.1 USDT in share value, meanwhile the 2 Leveraged Tokens such as XRP3L 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 53 Leveraged Tokens such as BLUR3S and a share split the 2 Leveraged Tokens such as XRP3L at 2:30 p.m. UTC on December.11. 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

BLUR3S

100000:1

NAV*100,000

Positions/100,000

QNT5S

1000:1

NAV*1,000

Positions/1,000

CRV5S

100:1

NAV*100

Positions/100

TRX5S

100:1

NAV*100

Positions/100

EOS5S

100:1

NAV*100

Positions/100

HBAR5S

100:1

NAV*100

Positions/100

DYDX5S

100:1

NAV*100

Positions/100

EOS3S

100:1

NAV*100

Positions/100

BABYDOGE3S

100:1

NAV*100

Positions/100

LINA5S

100:1

NAV*100

Positions/100

SUSHI5S

100:1

NAV*100

Positions/100

TRX3S

100:1

NAV*100

Positions/100

EIGEN3S

100:1

NAV*100

Positions/100

ALPHA5S

100:1

NAV*100

Positions/100

WLD5S

100:1

NAV*100

Positions/100

BIGTIME5S

100:1

NAV*100

Positions/100

DYDX3S

100:1

NAV*100

Positions/100

LINK5S

100:1

NAV*100

Positions/100

GALA5S

100:1

NAV*100

Positions/100

C985S

100:1

NAV*100

Positions/100

BNB5S

10:1

NAV*10

Positions/10

EGLD3S

10:1

NAV*10

Positions/10

MKR5S

10:1

NAV*10

Positions/10

SHIB5S

10:1

NAV*10

Positions/10

XMR5S

10:1

NAV*10

Positions/10

LTC5S

10:1

NAV*10

Positions/10

SNX3S

10:1

NAV*10

Positions/10

POL3S

10:1

NAV*10

Positions/10

ATOM3S

10:1

NAV*10

Positions/10

ETHFI3S

10:1

NAV*10

Positions/10

BLUR5S

10:1

NAV*10

Positions/10

WOO5S

10:1

NAV*10

Positions/10

RENDER3S

10:1

NAV*10

Positions/10

XMR3S

10:1

NAV*10

Positions/10

ENS5S

10:1

NAV*10

Positions/10

ZRX5S

10:1

NAV*10

Positions/10

KNC3S

10:1

NAV*10

Positions/10

SUI5S

10:1

NAV*10

Positions/10

STX3S

10:1

NAV*10

Positions/10

AAVE5S

10:1

NAV*10

Positions/10

AVAX3S

10:1

NAV*10

Positions/10

MEME5S

10:1

NAV*10

Positions/10

XRP5S

10:1

NAV*10

Positions/10

BTC3S

10:1

NAV*10

Positions/10

OP3S

10:1

NAV*10

Positions/10

BLUR3L

100000:1

NAV*100,000

Positions/100,000

AGLD5L

100:1

NAV*100

Positions/100

SFP5L

100:1

NAV*100

Positions/100

PEOPLE5L

10:1

NAV*10

Positions/10

BOME3L

10:1

NAV*10

Positions/10

SATS5L

10:1

NAV*10

Positions/10

BONK5L

10:1

NAV*10

Positions/10

WLD5L

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

XRP3L

1:10

NAV/10

Positions*10

CRV5L

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 & 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