Dear users,

72 Leveraged Tokens such as OMNI3S are currently traded on AscendEX with less than 0.1 USDT in Share value, while leveraged tokens like HBAR5L and XLM5L are currently trading at high prices on AscendEX 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 72 Leveraged Tokens such as OMNI3S and a share split for Leveraged Tokens such as HBAR5L and XLM5L at 2:30 p.m. UTC on July.30 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
OMNI3S	100000:1	NAV*100,000	Positions/100,000
CFX5S	10000:1	NAV*10,000	Positions/10,000
CRV5S	100:1	NAV*100	Positions/100
PENGU3S	100:1	NAV*100	Positions/100
LDO5S	100:1	NAV*100	Positions/100
ILV5S	100:1	NAV*100	Positions/100
KNC3S	100:1	NAV*100	Positions/100
CKB3S	100:1	NAV*100	Positions/100
LTC5S	100:1	NAV*100	Positions/100
SUSHI5S	100:1	NAV*100	Positions/100
XLM3S	100:1	NAV*100	Positions/100
C985S	100:1	NAV*100	Positions/100
LDO3S	100:1	NAV*100	Positions/100
AXS5S	100:1	NAV*100	Positions/100
ORDI5S	100:1	NAV*100	Positions/100
HBAR5S	100:1	NAV*100	Positions/100
INJ5S	100:1	NAV*100	Positions/100
SAND5S	100:1	NAV*100	Positions/100
XRP3S	100:1	NAV*100	Positions/100
CHZ5S	100:1	NAV*100	Positions/100
NEAR3S	100:1	NAV*100	Positions/100
FIL5S	100:1	NAV*100	Positions/100
ENA3S	100:1	NAV*100	Positions/100
ACE5S	100:1	NAV*100	Positions/100
UNI5S	100:1	NAV*100	Positions/100
JUP3S	100:1	NAV*100	Positions/100
ZRX5S	100:1	NAV*100	Positions/100
TIA5S	100:1	NAV*100	Positions/100
EIGEN3S	100:1	NAV*100	Positions/100
AVAX5S	100:1	NAV*100	Positions/100
HOOK5S	100:1	NAV*100	Positions/100
1INCH5S	100:1	NAV*100	Positions/100
ETHFI3S	100:1	NAV*100	Positions/100
BROCCOLI3S	100:1	NAV*100	Positions/100
POWR5S	100:1	NAV*100	Positions/100
STX3S	10:01	NAV*10	Positions/10
ATOM5S	10:01	NAV*10	Positions/10
BNB5S	10:01	NAV*10	Positions/10
ETH5S	10:01	NAV*10	Positions/10
ENS5S	10:01	NAV*10	Positions/10
TON3S	10:01	NAV*10	Positions/10
SATS5S	10:01	NAV*10	Positions/10
ETH3S	10:01	NAV*10	Positions/10
XRP5S	10:01	NAV*10	Positions/10
ARKM3S	10:01	NAV*10	Positions/10
ALPHA5S	10:01	NAV*10	Positions/10
MUBARAK3S	10:01	NAV*10	Positions/10
WLD5S	10:01	NAV*10	Positions/10
CAKE5S	10:01	NAV*10	Positions/10
THETA5S	10:01	NAV*10	Positions/10
TUT3S	10:01	NAV*10	Positions/10
METIS3S	10:01	NAV*10	Positions/10
ALGO5S	10:01	NAV*10	Positions/10
ID5S	10:01	NAV*10	Positions/10
GRT5S	10:01	NAV*10	Positions/10
ZEN5S	10:01	NAV*10	Positions/10
OP3S	10:01	NAV*10	Positions/10
LINK5S	10:01	NAV*10	Positions/10
SSV5S	10:01	NAV*10	Positions/10
SFP5S	10:01	NAV*10	Positions/10
AVAX3S	10:01	NAV*10	Positions/10
AAVE5S	10:01	NAV*10	Positions/10
ETC5S	10:01	NAV*10	Positions/10
ADA3S	10:01	NAV*10	Positions/10
RESOLV3S	10:01	NAV*10	Positions/10
AEVO3S	10:01	NAV*10	Positions/10
BR3L	1000:1	NAV*1,000	Positions/1,000
ALPHA5L	10:01	NAV*10	Positions/10
APT3L	10:01	NAV*10	Positions/10
WOO3L	10:01	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
HBAR5L	10:01	NAV*10	Positions/10
XLM5L	10:01	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

Announcements

Publish on --

Related Articles