Dear users,

 

132 Leveraged Tokens such as BIGTIME5S are currently traded on AscendEX with less than 0.1 USDT in share value, meanwhile the Leveraged Tokens such as SUI3L 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 132 Leveraged Tokens such as BIGTIME and a share split the Leveraged Tokens such as SUI3L at 2:30 p.m. UTC on September.24. 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

BIGTIME5S

10000:1

NAV*10,000

Positions/10,000

SUI5S

10000:1

NAV*10,000

Positions/10,000

CKB3S

1000:1

NAV*1,000

Positions/1,000

FTM5S

1000:1

NAV*1,000

Positions/1,000

PEOPLE5S

1000:1

NAV*1,000

Positions/1,000

SUI3S

1000:1

NAV*1,000

Positions/1,000

HIGH3S

100:1

NAV*100

Positions/100

BLUR5S

100:1

NAV*100

Positions/100

INJ5S

100:1

NAV*100

Positions/100

NEAR5S

100:1

NAV*100

Positions/100

TOKEN5S

100:1

NAV*100

Positions/100

AVAX5S

100:1

NAV*100

Positions/100

SUPER3S

100:1

NAV*100

Positions/100

FLM5S

100:1

NAV*100

Positions/100

WLD5S

100:1

NAV*100

Positions/100

LOOM5S

100:1

NAV*100

Positions/100

TIA5S

100:1

NAV*100

Positions/100

TAO3S

100:1

NAV*100

Positions/100

SAGA3S

100:1

NAV*100

Positions/100

HOT5S

100:1

NAV*100

Positions/100

MAV5S

100:1

NAV*100

Positions/100

AAVE5S

100:1

NAV*100

Positions/100

FTM3S

100:1

NAV*100

Positions/100

APT5S

100:1

NAV*100

Positions/100

MAVIA3S

100:1

NAV*100

Positions/100

HOOK5S

100:1

NAV*100

Positions/100

RUNE5S

100:1

NAV*100

Positions/100

ORDI3S

100:1

NAV*100

Positions/100

LQTY3S

100:1

NAV*100

Positions/100

OMG5S

100:1

NAV*100

Positions/100

LQTY5S

100:1

NAV*100

Positions/100

BAND5S

100:1

NAV*100

Positions/100

QNT5S

100:1

NAV*100

Positions/100

HIGH5S

100:1

NAV*100

Positions/100

CRV5S

100:1

NAV*100

Positions/100

SEI3S

100:1

NAV*100

Positions/100

ZRO3S

100:1

NAV*100

Positions/100

REN5S

100:1

NAV*100

Positions/100

LUNC5S

100:1

NAV*100

Positions/100

ONE3S

100:1

NAV*100

Positions/100

POWR5S

100:1

NAV*100

Positions/100

ALGO5S

100:1

NAV*100

Positions/100

TRX5S

100:1

NAV*100

Positions/100

LPT5S

100:1

NAV*100

Positions/100

FLOW5S

100:1

NAV*100

Positions/100

AGLD5S

100:1

NAV*100

Positions/100

SXP5S

100:1

NAV*100

Positions/100

KSM5S

100:1

NAV*100

Positions/100

BCH5S

100:1

NAV*100

Positions/100

RATS3S

100:1

NAV*100

Positions/100

MANA5S

100:1

NAV*100

Positions/100

BEAMX5S

100:1

NAV*100

Positions/100

ALPHA5S

100:1

NAV*100

Positions/100

ROSE5S

100:1

NAV*100

Positions/100

UNI5S

100:1

NAV*100

Positions/100

GRT5S

100:1

NAV*100

Positions/100

ZETA3S

100:1

NAV*100

Positions/100

ACE5S

100:1

NAV*100

Positions/100

PEOPLE3S

100:1

NAV*100

Positions/100

GLM3S

100:1

NAV*100

Positions/100

SATS5S

100:1

NAV*100

Positions/100

JOE5S

100:1

NAV*100

Positions/100

SUSHI5S

100:1

NAV*100

Positions/100

CELR5S

100:1

NAV*100

Positions/100

BTC5S

100:1

NAV*100

Positions/100

MASK5S

100:1

NAV*100

Positions/100

SOL5S

10:1

NAV*10

Positions/10

PYTH5S

10:1

NAV*10

Positions/10

CHR5S

10:1

NAV*10

Positions/10

PENDLE3S

10:1

NAV*10

Positions/10

ICP5S

10:1

NAV*10

Positions/10

EGLD5S

10:1

NAV*10

Positions/10

CAKE5S

10:1

NAV*10

Positions/10

TRB5S

10:1

NAV*10

Positions/10

TWT3S

10:1

NAV*10

Positions/10

LDO5S

10:1

NAV*10

Positions/10

ZIL5S

10:1

NAV*10

Positions/10

BONK5S

10:1

NAV*10

Positions/10

NEAR3S

10:1

NAV*10

Positions/10

CFX5S

10:1

NAV*10

Positions/10

MAV3S

10:1

NAV*10

Positions/10

TURBO3S

10:1

NAV*10

Positions/10

1INCH5S

10:1

NAV*10

Positions/10

DODO3S

10:1

NAV*10

Positions/10

ANKR5S

10:1

NAV*10

Positions/10

WOO5S

10:1

NAV*10

Positions/10

ENS3S

10:1

NAV*10

Positions/10

FIL5S

10:1

NAV*10

Positions/10

CHR3S

10:1

NAV*10

Positions/10

KNC3S

10:1

NAV*10

Positions/10

STORJ3S

10:1

NAV*10

Positions/10

AI3S

10:1

NAV*10

Positions/10

AR5S

10:1

NAV*10

Positions/10

TRX3S

10:1

NAV*10

Positions/10

SHIB5S

10:1

NAV*10

Positions/10

STX3S

10:1

NAV*10

Positions/10

BB3S

10:1

NAV*10

Positions/10

SUSHI3S

10:1

NAV*10

Positions/10

VANRY3S

10:1

NAV*10

Positions/10

STORJ5S

10:1

NAV*10

Positions/10

KEY5S

10:1

NAV*10

Positions/10

BNT3S

10:1

NAV*10

Positions/10

FLOKI3S

10:1

NAV*10

Positions/10

PEPE3S

10:1

NAV*10

Positions/10

MINA5S

10:1

NAV*10

Positions/10

FLM3S

10:1

NAV*10

Positions/10

BLUR3S

10:1

NAV*10

Positions/10

ETH5S

10:1

NAV*10

Positions/10

MASK3S

10:1

NAV*10

Positions/10

TON3S

10:1

NAV*10

Positions/10

PEOPLE5L

100:1

NAV*100

Positions/100

LRC5L

10:1

NAV*10

Positions/10

SOL3L

10:1

NAV*10

Positions/10

OMG5L

10:1

NAV*10

Positions/10

BOND5L

10:1

NAV*10

Positions/10

BIGTIME5L

10:1

NAV*10

Positions/10

HBAR5L

10:1

NAV*10

Positions/10

RARE3L

10:1

NAV*10

Positions/10

NOT3L

10:1

NAV*10

Positions/10

DOT3L

10:1

NAV*10

Positions/10

XAI3L

10:1

NAV*10

Positions/10

BTC5L

10:1

NAV*10

Positions/10

SHIB5L

10:1

NAV*10

Positions/10

SOL5L

10:1

NAV*10

Positions/10

HIGH5L

10:1

NAV*10

Positions/10

BONK5L

10:1

NAV*10

Positions/10

LISTA3L

10:1

NAV*10

Positions/10

ID5L

10:1

NAV*10

Positions/10

MEW3L

10:1

NAV*10

Positions/10

FXS5L

10:1

NAV*10

Positions/10

SFP5L

10:1

NAV*10

Positions/10

EGLD3L

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

SUI3L

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