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What are these tokens with DOWN at the end of their names. For instance, I saw 1M% gains for XLMDOWN. Read in Binance that they're leveraged tokens, but have no clue what that means.
Binance leverage tokens got fucked up catastrophically a few months back, I wonder if the same thing happened to XLMDOWN, the damn thing went from $0.002 to $10 seemingly instantly.
imagine buying XLMDOWN yesterday
Fellow Binancians, To provide a better trading experience for our users, YFIDOWN, UNIDOWN, ETHDOWN, TRXDOWN, LTCDOWN, XLMDOWN, FILDOWN will undergo a 10,000-for-1 reverse token split.
This doesn’t effect me or maybe most of us but seeing as how leveraged trading has caused some rektaged the last few weeks I thought I’d post this here. Binance has announced that the following tokens will undergo a 10,000-for-1 reverse token split: YFIDOWN UNIDOWN ETHDOWN TRXDOWN LTCDOWN XLMDOWN FILDOWN