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Binance to Delist and Cease Redemption for Multiple Leveraged Tokens (2022-01-06)


www.binance.com 06 January 2022 11:16, UTC
Reading time: ~2 m

Fellow Binancians,
Binance will delist and cease redemption for the following leverage tokens:
Delisting date and time Leveraged Tokens
2022-02-15 03:00 AM (UTC) YFIUP, YFIDOWN, XLMUP, XLMDOWN
2022-02-16 03:00 AM (UTC) 1INCHUP, 1INCHDOWN, SXPUP, SXPDOWN
2022-02-17 03:00 AM (UTC) UNIUP, UNIDOWN, AAVEUP, AAVEDOWN
2022-02-18 03:00 AM (UTC) SUSHIUP, SUSHIDOWN, FILUP, FILDOWN
Please note: Users are advised to redeem their tokens prior to the delisting via the wallet function or the Leverage Tokens page. If users are still holding these tokens after the delisting time, Binance will convert these tokens to USDT based on the net asset value (NAV) of the tokens at the time of delisting and will distribute the USDT to user accounts within 24 hours. After the distribution is completed, the token assets will be removed from the wallet.
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.

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