Dear users,

 

44 Leveraged Tokens such as ZEC5S are currently traded on AscendEX with less than 0.1 USDT in Share value, while leveraged tokens like ZEC5L 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 44 Leveraged Tokens such as ZEC5S and a share split for Leveraged Tokens such as ZEC5L at 3:00 p.m. UTC on Oct.2 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 TokenMerge RatioNet Value(NAV)ChangePositions Change

ZEC5S

100000:1

NAV*100,000

Positions/100,000

TUT3S

100:1

NAV*100

Positions/100

SNX5S

100:1

NAV*100

Positions/100

SATS5S

100:1

NAV*100

Positions/100

ZEN5S

100:1

NAV*100

Positions/100

SUPER3S

100:1

NAV*100

Positions/100

C985S

100:1

NAV*100

Positions/100

SNX3S

10:1

NAV*10

Positions/10

STRK3S

10:1

NAV*10

Positions/10

XMR5S

10:1

NAV*10

Positions/10

AEVO3S

10:1

NAV*10

Positions/10

HOOK5S

10:1

NAV*10

Positions/10

QNT5S

10:1

NAV*10

Positions/10

EGLD5S

10:1

NAV*10

Positions/10

TRX3S

10:1

NAV*10

Positions/10

ORDI5L

100:1

NAV*100

Positions/100

RESOLV3L

100:1

NAV*100

Positions/100

PEOPLE5L

100:1

NAV*100

Positions/100

ACE5L

100:1

NAV*100

Positions/100

CHR5L

100:1

NAV*100

Positions/100

CFX5L

10:1

NAV*10

Positions/10

AAVE5L

10:1

NAV*10

Positions/10

VET5L

10:1

NAV*10

Positions/10

BMT3L

10:1

NAV*10

Positions/10

LSK3L

10:1

NAV*10

Positions/10

ROSE5L

10:1

NAV*10

Positions/10

TIA5L

10:1

NAV*10

Positions/10

GALA5L

10:1

NAV*10

Positions/10

OM3L

10:1

NAV*10

Positions/10

YGG3L

10:1

NAV*10

Positions/10

MEME5L

10:1

NAV*10

Positions/10

KAS3L

10:1

NAV*10

Positions/10

JTO3L

10:1

NAV*10

Positions/10

LDO5L

10:1

NAV*10

Positions/10

NFP3L

10:1

NAV*100

Positions/10

BROCCOLI3L

10:1

NAV*10

Positions/10

BOME3L

10:1

NAV*10

Positions/10

STORJ5L

10:1

NAV*10

Positions/10

RENDER3L

10:1

NAV*10

Positions/10

NOT3L

10:1

NAV*10

Positions/10

DYDX5L

10:1

NAV*10

Positions/10

POWR5L

10:1

NAV*10

Positions/10

MANA5L

10:1

NAV*10

Positions/10

KNC3L

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 TokenSplit RatioNet Value(NAV)ChangePositions Change
ZEC5L100:1NAV*100Positions/100

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