- At 2021-05-18 03:00 AM (UTC), we will suspend trading, subscription, and redemption of YFIDOWN, UNIDOWN and ETHDOWN tokens. All existing trade orders will be canceled. We will then take a snapshot of YFIDOWN, UNIDOWN and ETHDOWN balances in users’ accounts and begin the reverse token split of YFIDOWN, UNIDOWN and ETHDOWN tokens at a ratio of 10,000:1.
- At 2021-05-19 03:00 AM (UTC), new YFIDOWN, UNIDOWN and ETHDOWN balances will be updated, and we will open trading for YFIDOWN/USDT, UNIDOWN/USDT and ETHDOWN/USDT. Subscription and redemption functions for YFIDOWN, UNIDOWN and ETHDOWN tokens will also be opened at this time.
- At 2021-05-19 03:00 AM (UTC), we will suspend trading, subscription, and redemption of TRXDOWN and LTCDOWN tokens. All existing trade orders will be canceled. We will then take a snapshot of TRXDOWN and LTCDOWN balances in users’ accounts and begin the reverse token split of TRXDOWN and LTCDOWN tokens at a ratio of 10,000:1.
- At 2021-05-20 03:00 AM (UTC), new TRXDOWN and LTCDOWN balances will be updated, and we will open trading for TRXDOWN/USDT and LTCDOWN/USDT. Subscription and redemption functions for TRXDOWN and LTCDOWN tokens will also be opened at this time.
- At 2021-05-20 03:00 AM (UTC), we will suspend trading, subscription, and redemption of XLMDOWN and FILDOWN tokens. All existing trade orders will be canceled. We will then take a snapshot of XLMDOWN and FILDOWN balances in users’ accounts and begin the reverse token split of XLMDOWN and FILDOWN tokens at a ratio of 10,000:1.
- At 2021-05-21 03:00 AM (UTC), new XLMDOWN and FILDOWN balances will be updated, and we will open trading for XLMDOWN/USDT and FILDOWN/USDT. Subscription and redemption functions for XLMDOWN and FILDOWN tokens will also be opened at this time.
Important Notes:
- During this 24-hour reverse token split process, any changes in net asset value (NAV) of tokens might be reflected on token’s NAV K-line graph, for example NAV K-line graph of YFIDOWN Please be noted that the NAV of tokens might be incorrect due to the reverse token split process.
- It is strongly recommended for token holders to re-assess their holding risk before the start of the reverse token split process to mitigate against the price fluctuations that may occur during the reverse token split process. Users are advised to trade or redeem their tokens into USDT before the start of the reverse token split process. For more information, please refer to this guide: About Binance Leveraged Tokens.
- If users are holding YFIDOWN, UNIDOWN or ETHDOWN tokens after 2021-05-18 03:00 AM (UTC), Binance will consolidate these tokens at a ratio of 10,000 YFIDOWN (before the reverse split) = 1 YFIDOWN (after the reverse split), 10,000 UNIDOWN (before the reverse split) = 1 UNIDOWN (after the reverse split), 10,000 ETHDOWN (before the reverse split) = 1 ETHDOWN (after the reverse split) and update the YFIDOWN, UNIDOWN, ETHDOWN tokens balances at 2021-05-19 03:00 AM (UTC) after the reverse token split is complete. Due to unit limitations, the new YFIDOWN, UNIDOWN, ETHDOWN balances will be updated up to 8 decimal places only.
- If users are holding TRXDOWN or LTCDOWN tokens after 2021-05-19 03:00 AM (UTC), Binance will consolidate these tokens at a ratio of 10,000 TRXDOWN (before the reverse split) = 1 TRXDOWN (after the reverse split), 10,000 LTCDOWN (before the reverse split) = 1 LTCDOWN (after the reverse split) and update the TRXDOWN, LTCDOWN tokens balances at 2021-05-20 03:00 AM (UTC) after the reverse token split is complete. Due to unit limitations, the new TRXDOWN, LTCDOWN balances will be updated up to 8 decimal places only.
- If users are holding XLMDOWN or FILDOWN tokens after 2021-05-20 03:00 AM (UTC), Binance will consolidate these tokens at a ratio of 10,000 XLMDOWN (before the reverse split) = 1 XLMDOWN (after the reverse split), 10,000 FILDOWN (before the reverse split) = 1 FILDOWN (after the reverse split) and update the XLMDOWN, FILDOWN tokens balances at 2021-05-21 03:00 AM (UTC) after the reverse token split is complete. Due to unit limitations, the new XLMDOWN, FILDOWN balances will be updated up to 8 decimal places only.
- Users will have a 15-minute window after the reverse token split is complete to subscribe or redeem before trading resumes.
- The 24-hour time is based on our best estimates and may vary. We will post a further announcement to inform users when trading, subscription, and redemption will resume after the reverse token split is complete.