Dear users,

 

106 Leveraged Tokens such as XLM5S are currently traded on AscendEX with less than 0.1 USDT in share value, meanwhile the 13 Leveraged Tokens such as XLM3L 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 106 Leveraged Tokens such as XLM5S and a share split the 13 Leveraged Tokens such as XLM3L at 2:30 p.m. UTC on November.29. 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

XLM5S

10000:1

NAV*10,000

Positions/10,000

HBAR5S

10000:1

NAV*10,000

Positions/10,000

ALGO5S

1000:1

NAV*1,000

Positions/1,000

SAND5S

1000:1

NAV*1,000

Positions/1,000

XLM3S

1000:1

NAV*1,000

Positions/1,000

XRP5S

1000:1

NAV*1,000

Positions/1,000

VET5S

1000:1

NAV*1,000

Positions/1,000

ATOM5S

1000:1

NAV*1,000

Positions/1,000

LDO5S

1000:1

NAV*1,000

Positions/1,000

MANA5S

100:1

NAV*100

Positions/100

KSM5S

100:1

NAV*100

Positions/100

ENS5S

100:1

NAV*100

Positions/100

ARB5S

100:1

NAV*100

Positions/100

TIA5S

100:1

NAV*100

Positions/100

ZIL5S

100:1

NAV*100

Positions/100

ZEN5S

100:1

NAV*100

Positions/100

ADA3S

100:1

NAV*100

Positions/100

ILV5S

100:1

NAV*100

Positions/100

SSV5S

100:1

NAV*100

Positions/100

FIL5S

100:1

NAV*100

Positions/100

CAKE5S

100:1

NAV*100

Positions/100

FTM5S

100:1

NAV*100

Positions/100

EGLD5S

100:1

NAV*100

Positions/100

LRC5S

100:1

NAV*100

Positions/100

UNI5S

100:1

NAV*100

Positions/100

DOT5S

100:1

NAV*100

Positions/100

BEAMX5S

100:1

NAV*100

Positions/100

TOKEN5S

100:1

NAV*100

Positions/100

1INCH5S

100:1

NAV*100

Positions/100

ICP5S

100:1

NAV*100

Positions/100

AXS5S

100:1

NAV*100

Positions/100

CHR5S

100:1

NAV*100

Positions/100

NEAR5S

100:1

NAV*100

Positions/100

GALA3S

100:1

NAV*100

Positions/100

CRV5S

100:1

NAV*100

Positions/100

MASK5S

100:1

NAV*100

Positions/100

SUSHI5S

100:1

NAV*100

Positions/100

ADA5S

100:1

NAV*100

Positions/100

THETA5S

100:1

NAV*100

Positions/100

SAND3S

100:1

NAV*100

Positions/100

ANKR5S

100:1

NAV*100

Positions/100

ENS3S

100:1

NAV*100

Positions/100

BAND3S

100:1

NAV*100

Positions/100

SNX5S

100:1

NAV*100

Positions/100

XRP3S

100:1

NAV*100

Positions/100

BAL5S

100:1

NAV*100

Positions/100

ALT3S

100:1

NAV*100

Positions/100

KAVA5S

100:1

NAV*100

Positions/100

BONK5S

100:1

NAV*100

Positions/100

ONE3S

100:1

NAV*100

Positions/100

IOTX3S

100:1

NAV*100

Positions/100

ID3S

100:1

NAV*100

Positions/100

ONE5S

100:1

NAV*100

Positions/100

HOT5S

100:1

NAV*100

Positions/100

GRT5S

100:1

NAV*100

Positions/100

FLOW3S

100:1

NAV*100

Positions/100

AR5S

100:1

NAV*100

Positions/100

MANA3S

100:1

NAV*100

Positions/100

ETC5S

100:1

NAV*100

Positions/100

ZEC5S

100:1

NAV*100

Positions/100

POWR5S

100:1

NAV*100

Positions/100

LUNC5S

100:1

NAV*100

Positions/100

LSK3S

100:1

NAV*100

Positions/100

DOT3S

100:1

NAV*100

Positions/100

MASK3S

100:1

NAV*100

Positions/100

ZRX5S

10:1

NAV*10

Positions/10

CAT3S

10:1

NAV*10

Positions/10

WOO3S

10:1

NAV*10

Positions/10

STRK3S

10:1

NAV*10

Positions/10

BAND5S

10:1

NAV*10

Positions/10

BLZ3S

10:1

NAV*10

Positions/10

HOOK5S

10:1

NAV*10

Positions/10

GALA5S

10:1

NAV*10

Positions/10

BLUR3S

10:1

NAV*10

Positions/10

LINK5S

10:1

NAV*10

Positions/10

MOODENG3S

10:1

NAV*10

Positions/10

STORJ5S

10:1

NAV*10

Positions/10

PEPE3S

10:1

NAV*10

Positions/10

PEOPLE5S

10:1

NAV*10

Positions/10

HIGH5S

10:1

NAV*10

Positions/10

FLOW5S

10:1

NAV*10

Positions/10

ETH5S

10:1

NAV*10

Positions/10

RDNT5S

10:1

NAV*10

Positions/10

LINK3S

10:1

NAV*10

Positions/10

VANRY3S

10:1

NAV*10

Positions/10

FTM3S

10:1

NAV*10

Positions/10

AVAX5S

10:1

NAV*10

Positions/10

SUI3S

10:1

NAV*10

Positions/10

BABYDOGE3S

10:1

NAV*10

Positions/10

OM3S

10:1

NAV*10

Positions/10

INJ5S

10:1

NAV*10

Positions/10

BCH5S

10:1

NAV*10

Positions/10

AEVO3S

10:1

NAV*10

Positions/10

VET3S

10:1

NAV*10

Positions/10

ROSE5S

10:1

NAV*10

Positions/10

ACH5S

10:1

NAV*10

Positions/10

SEI3S

10:1

NAV*10

Positions/10

NEAR3S

10:1

NAV*10

Positions/10

CFX5S

10:1

NAV*10

Positions/10

CHZ5S

10:1

NAV*10

Positions/10

ACE5S

10:1

NAV*10

Positions/10

AAVE5S

10:1

NAV*10

Positions/10

SUPER3S

10:1

NAV*10

Positions/10

CELO5S

10:1

NAV*10

Positions/10

MYRO3L

10:1

NAV*10

Positions/10

RUNE5L

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

XLM3L

1:10

NAV/10

Positions*10

THETA5L

1:10

NAV/10

Positions*10

C985L

1:10

NAV/10

Positions*10

TIA5L

1:10

NAV/10

Positions*10

KAVA5L

1:10

NAV/10

Positions*10

ZIL5L

1:10

NAV/10

Positions*10

BAND5L

1:10

NAV/10

Positions*10

ENS5L

1:10

NAV/10

Positions*10

ALGO5L

1:10

NAV/10

Positions*10

ATOM5L

1:10

NAV/10

Positions*10

CRV5L

1:10

NAV/10

Positions*10

XRP5L

1:10

NAV/10

Positions*10

XLM5L

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