Reverse Token Split for DOTDOWN Leveraged Token

Binance has completed the reverse split of the leveraged token DOTDOWN and will resume trading of the DOTDOWN/USDT trading pair at 11:00 on October 22, 2021 (East Eighth District Time).

At present, users can perform DOTDOWN subscription and redemption operations.

At the same time, Binance will adjust the minimum price accuracy of the DOTDOWN/USDT trading pair (that is, the minimum unit price change) before resuming trading, as follows:

Type Trading Pair Tick Size (Before) Tick Size (After)
Leveraged Tokens DOTDOWN/USDT 0.0000001 0.001
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.

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