Fellow Binancians,

To better serve our users and to prevent increased market risk, Binance will implement a maximum position limit for the following Binance Leveraged Tokens (BLVT) at 2021-08-05 03:00 AM (UTC).

Leveraged Tokens	Max. Position Limit (USDT)*
AAVEUP	2,500
AAVEDOWN	2,500
ADAUP	2,500
ADADOWN	2,500
LINKUP	2,500
LINKDOWN	2,500
XTZUP	2,500
XTZDOWN	2,500
1INCHUP	2,500
1INCHDOWN	2,500

*Maximum Position Limits (USDT)

Binance will impose a maximum allowable position limit (USDT) of BLVT tokens for users. A buy order will be rejected if the total of purchase quantity and current position exceeds the maximum position limit.

For example, User A’s maximum position limit for ADADOWN is 5,000 USDT and the current NAV is $0.231, while User A’s current position is 10,000 ADADOWN, i.e. 2,310 USDT equivalent, then the maximum quantity User A can now purchase is 11,645 ADADOWN, i.e. 2,690 USDT equivalent. The buy order will be rejected if User A attempts to buy 20,000 ADADOWN.

Notes:

• When the NAV fluctuates sharply due to market movements, it is possible that the estimated max position limit will be different from the calculation based on the current NAV.
• Binance will adjust the maximum position limits for users based on the current market risk. Users who have held positions that exceed the maximum position limit will not be able to continue placing buy orders.
• For further information, please refer to the BLVT trading rules.

Please ensure you have fully read the Binance Leveraged Tokens Risk Disclosure Statement prior to trading or participating in any Binance Leveraged Tokens products, and fully understand the risks associated with leveraged tokens. As a trader, you acknowledge and agree that you shall access and use Binance Leveraged Tokens at your own risk.

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

2021-07-29

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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.