Dear users,

59 leveraged tokens such as SRM5S, FTT3L are currently traded on AscendEX with less than 0.1 USDT 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 59 leveraged tokens such as SRM5S, FTT3L between 2:30 p.m. and 3:00 p.m. UTC on Nov.10. After this share merge, 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). Below you will find how we will conduct the merge: 

Leveraged Token

Merge Ratio

Net Value（NAV）Change

Positions Change

SRM5S

12500000:1

NAV*12,500,000

Positions/12,500,000

FTT3L

26336:1

NAV*26,336

Positions/26,336

SRM5L

1600:1

NAV*1,600

Positions/1,600

SOL5L

770:1

NAV*770

Positions/770

APT5L

108:1

NAV*108

Positions/108

MASK5L

98:1

NAV*98

Positions/98

GRT5L

86:1

NAV*86

Positions/86

NEAR5L

82:1

NAV*82

Positions/82

SAND5L

74:1

NAV*74

Positions/74

ICP5L

74:1

NAV*74

Positions/74

GALA5L

70:1

NAV*70

Positions/70

SOL5S

62:1

NAV*62

Positions/62

ZEC5L

50:1

NAV*50

Positions/50

LOOKS5L

48:1

NAV*48

Positions/48

LPT5L

46:1

NAV*46

Positions/46

ZIL5L

46:1

NAV*46

Positions/46

LRC5S

44:1

NAV*44

Positions/44

ENS5L

40:1

NAV*40

Positions/40

STORJ5L

32:1

NAV*32

Positions/32

NEAR3L

32:1

NAV*32

Positions/32

MANA5L

30:1

NAV*30

Positions/30

AXS5L

26:1

NAV*26

Positions/26

SHIB5L

26:1

NAV*26

Positions/26

ICP3L

26:1

NAV*26

Positions/26

ZRX5L

26:1

NAV*26

Positions/26

EOS5L

24:1

NAV*24

Positions/24

FIL5L

24:1

NAV*24

Positions/24

BSV5L

24:1

NAV*24

Positions/24

ZEN5L

24:1

NAV*24

Positions/24

CVC5L

22:1

NAV*22

Positions/22

XRP5L

22:1

NAV*22

Positions/22

MATIC5S

20:1

NAV*20

Positions/20

ETC5L

20:1

NAV*20

Positions/20

XEM5L

20:1

NAV*20

Positions/20

SNX3L

18:1

NAV*18

Positions/18

CRO5L

18:1

NAV*18

Positions/18

DOT5L

18:1

NAV*18

Positions/18

MANA3L

18:1

NAV*18

Positions/18

ZEN3L

16:1

NAV*16

Positions/16

SOL3L

16:1

NAV*16

Positions/16

SUSHI5L

16:1

NAV*16

Positions/16

DYDX3S

14:1

NAV*14

Positions/14

CVC3L

14:1

NAV*14

Positions/14

SLP5L

14:1

NAV*14

Positions/14

ATOM5L

14:1

NAV*14

Positions/14

WAVES5L

14:1

NAV*14

Positions/14

SLP3L

12:1

NAV*12

Positions/12

CHZ5S

12:1

NAV*12

Positions/12

PEOPLE5S

12:1

NAV*12

Positions/12

ALPHA5L

12:1

NAV*12

Positions/12

SHIB3L

12:1

NAV*12

Positions/12

MINA5L

12:1

NAV*12

Positions/12

ADA5L

12:1

NAV*12

Positions/12

XRP3L

12:1

NAV*12

Positions/12

ETH5L

12:1

NAV*12

Positions/12

APT3L

12:1

NAV*12

Positions/12

ADA3L

12:1

NAV*12

Positions/12

GMT3L

10:1

NAV*10

Positions/10

DOT3L

10:1

NAV*10

Positions/10

Notes：
1. The net value during the merge 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.
3. Before the reverse split, AscendEX will temporarily suspend these leveraged token trading markets and cancel any open orders.
4. After the reverse split is 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. AscendEX will reserve the right at any time in its sole discretion to modify, change or cancel the merge 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. 

Thank you for your continued support!

The AscendEX Team

Website: https://ascendex.com
Twitter: https://twitter.com/Leveraged_Token
Telegram Group: https://t.me/AscendEX_Leveraged_Tokens