Binance Completes Reverse Token Split for UNIDOWN, LTCDOWN Leveraged Token (2021-08-17)

Fellow Binancians,

Binance has completed reverse token split for UNIDOWN, LTCDOWN Leveraged Token. We will resume trading activity for UNIDOWN/USDT and LTCDOWN/USDT at 2021-08-18 03:00 AM (UTC). From now until the commencement of trading, users will be able to subscribe to or redeem funds from UNIDOWN and LTCDOWN Leveraged Tokens.

Meanwhile, the Tick Size (i.e., the minimum change in the unit price) of UNIDOWN/USDT, LTCDOWN/USDT will be adjusted before resuming trading at 2021-08-18 03:00 AM (UTC), details as below:

Risk Warning: Leveraged Tokens are designed for short term bets on market movement, with a preference toward momentum. Long term holding of Binance Leveraged Tokens (BLVT) is risky, as the token has some built-in decay in the absence of momentum movements in favor of the position. Note that BLVT is NOT a replacement for a margin leveraged product, and does not behave the same way. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Leveraged Tokens. To learn more about how to protect yourself, visit our Responsible Trading resource page. 

Thanks for your support!

Binance Team

2021-08-17

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.