FellowBinancians,Toprovideabettertradingexperienceforourusers,TRXDOWNwillundergoa100,000-for-1reversetokensplit,startingat2021-09-1303:00AM(UTC)
At2021-09-1303:00AM(UTC),wewillsuspendtrading,subscription,andredemptionofTRXDOWNtokens
AboutReverseTokenSplitAreversetokensplitisaprocessthatconsolidatestheexistingnumberofissuedtokensintoasmallernumberofproportionallymorevaluabletokens
TRXDOWN’sNAVK-linegraph.PleasebenotedthattheNAVofTRXDOWNmightbeincorrectduetothereversetokensplitprocess.ItisstronglyrecommendedforTRXDOWNtokenholderstore-assesstheirholdingriskbeforethestartofthereversetokensplitprocesstomitigateagainstthepricefluctuationsthatmayoccurduringthereversetokensplitprocess.UsersareadvisedtotradeorredeemtheirTRXDOWNtokensintoUSDTbeforethestartofthereversetokensplitprocess.Formoreinformation,pleaserefertothisguide:AboutBinanceLeveragedTokens.IfusersareholdingTRXDOWNtokensafter2021-09-1303:00AM(UTC),Binancewillconsolidatethesetokensataratioof100,000TRXDOWN(beforethereversesplit)=1TRXDOWN(afterthereversesplit)andupdatetheTRXDOWNtokensbalancesat2021-09-1403:00AM(UTC)afterthereversetokensplitiscomplete.Duetounitlimitations,thenewTRXDOWNbalanceswillbeupdatedupto8decimalplacesonly.Userswillhavea15-minutewindowafterthereversetokensplitiscompletetosubscribeorredeembeforetradingresumes.The24-hourtimeisbasedonourbestestimatesandmayvary.Wewillpostafurtherannouncementtoinformuserswhentrading,subscription,andredemptionwillresumeafterthereversetokensplitiscomplete.RiskWarning:LeveragedTokensaredesignedforshorttermbetsonmarketmovement,withapreferencetowardmomentum.LongtermholdingofBinanceLeveragedTokens(BLVT)isrisky,asthetokenhassomebuilt-indecayintheabsenceofmomentummovementsinfavoroftheposition.NotethatBLVTisNOTareplacementforamarginleveragedproduct,anddoesnotbehavethesameway.TheinformationhereshouldnotberegardedasfinancialorinvestmentadvicefromBinance.Alltradingstrategiesareusedatyourdiscretionandyourownrisk.BinancewillnotbeliabletoyouforanylossthatmightarisefromyouruseofLeveragedTokens.Tolearnmoreabouthowtoprotectyourself,visitourResponsibleTradingresourcepage.Thanksforyoursupport!BinanceTeam2021-09-03Tradeon-the-gowithBinance’scryptotradingapp(iOS/Android)FindusonTelegram:https://t.me/binanceexchangeTwitter:https://twitter.com/binanceFacebook:https://www.facebook.com/binanceInstagram:https://www.instagram.com/binanceBinancereservestherightinitssolediscretiontoamendorchangeorcancelthisannouncementatanytimeandforanyreasonswithoutpriornotice.
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