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Binance Completes Reverse Token Split for Leveraged Tokens AAVEDOWN and DOTDOWN
Binance
2021-04-06 11:30
Fellow Binancians,
Binance has completed the reverse token split for Leveraged Tokens AAVEDOWN and DOTDOWN. We will resume trading activity for AAVEDOWN/USDT and DOTDOWN/USDT at 2021-04-07 03:00 AM (UTC). From now until the commencement of trading, users will be able to subscribe to or redeem funds from AAVEDOWN and DOTDOWN Leveraged Tokens.
In addition, please note ADADOWN, XRPDOWN, and LINKDOWN will undergo a 10,000-for-1 reverse token split at 2021-04-07 03:00 AM (UTC).
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.
Thanks for your support!
Binance Team
2021-04-06
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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.
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