Dear users,

 80 Leveraged Tokens such as SATS5S are currently traded on AscendEX with less than 0.1 USDT in share value, meanwhile the Leveraged Tokens such as ZEC5L 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 80 Leveraged Tokens such as SATS5S and a share split the Leveraged Tokens such as ZEC5L at 2:30 p.m. UTC on August.8. 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

SATS5S

1000:1

NAV*1,000

Positions/1,000

ZEC5S

1000:1

NAV*1,000

Positions/1,000

BOND5S

100:1

NAV*100

Positions/100

AAVE5S

100:1

NAV*100

Positions/100

MEW3S

100:1

NAV*100

Positions/100

BAKE3S

100:1

NAV*100

Positions/100

XRP3S

100:1

NAV*100

Positions/100

ORDI5S

100:1

NAV*100

Positions/100

STX5S

100:1

NAV*100

Positions/100

AMB3S

100:1

NAV*100

Positions/100

ZEN5S

100:1

NAV*100

Positions/100

ACH5S

100:1

NAV*100

Positions/100

JUP3S

100:1

NAV*100

Positions/100

ACE5S

10:1

NAV*10

Positions/10

STX3S

10:1

NAV*10

Positions/10

PYTH5S

10:1

NAV*10

Positions/10

STORJ5S

10:1

NAV*10

Positions/10

OM3S

10:1

NAV*10

Positions/10

RATS3S

10:1

NAV*10

Positions/10

ORBS5S

10:1

NAV*10

Positions/10

KAS3S

10:1

NAV*10

Positions/10

XRP5S

10:1

NAV*10

Positions/10

TURBO3S

10:1

NAV*10

Positions/10

ZEN3S

10:1

NAV*10

Positions/10

CFX5S

10:1

NAV*10

Positions/10

ENS5L

100:1

NAV*100

Positions/100

BOND5L

100:1

NAV*100

Positions/100

CHR5L

100:1

NAV*100

Positions/100

1INCH5L

100:1

NAV*100

Positions/100

DOT5L

100:1

NAV*100

Positions/100

ZEN5L

100:1

NAV*100

Positions/100

ALGO5L

100:1

NAV*100

Positions/100

OMNI3L

100:1

NAV*100

Positions/100

UNI5L

100:1

NAV*100

Positions/100

ZK3L

100:1

NAV*100

Positions/100

VET5L

100:1

NAV*100

Positions/100

ROSE5L

100:1

NAV*100

Positions/100

AI3L

100:1

NAV*100

Positions/100

SSV5L

100:1

NAV*100

Positions/100

BB3L

100:1

NAV*100

Positions/100

WOO3L

100:1

NAV*100

Positions/100

WLD5L

100:1

NAV*100

Positions/100

RDNT5L

100:1

NAV*100

Positions/100

TURBO3L

100:1

NAV*100

Positions/100

NFP3L

100:1

NAV*100

Positions/100

ETH3L

100:1

NAV*100

Positions/100

CYBER3L

100:1

NAV*100

Positions/100

TOKEN5L

100:1

NAV*100

Positions/100

MEME5L

10:1

NAV*10

Positions/10

LINK3L

10:1

NAV*10

Positions/10

FLM3L

10:1

NAV*10

Positions/10

ACE5L

10:1

NAV*10

Positions/10

HOOK5L

10:1

NAV*10

Positions/10

BONK5L

10:1

NAV*10

Positions/10

LINK5L

10:1

NAV*10

Positions/10

ADA5L

10:1

NAV*10

Positions/10

SUSHI3L

10:1

NAV*10

Positions/10

ATOM3L

10:1

NAV*10

Positions/10

GMT3L

10:1

NAV*10

Positions/10

APE3L

10:1

NAV*10

Positions/10

LTC5L

10:1

NAV*10

Positions/10

STG3L

10:1

NAV*10

Positions/10

ETH5L

10:1

NAV*10

Positions/10

GRT5L

10:1

NAV*10

Positions/10

QNT5L

10:1

NAV*10

Positions/10

FTM5L

10:1

NAV*10

Positions/10

DYDX5L

10:1

NAV*10

Positions/10

LDO5L

10:1

NAV*10

Positions/10

EDU3L

10:1

NAV*10

Positions/10

LDO3L

10:1

NAV*10

Positions/10

BNT3L

10:1

NAV*10

Positions/10

EGLD5L

10:1

NAV*10

Positions/10

MAGIC5L

10:1

NAV*10

Positions/10

METIS3L

10:1

NAV*10

Positions/10

COMP3L

10:1

NAV*10

Positions/10

MAV3L

10:1

NAV*10

Positions/10

SNX5L

10:1

NAV*10

Positions/10

ILV5L

10:1

NAV*10

Positions/10

TIA5L

10:1

NAV*10

Positions/10

INJ5L

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

ZEC5L

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