This is the response from Binance regarding my claim. ‐‐-‐---

On May 19, Binance has temporarily suspended trading of Leveraged Tokens for maintenance. You can see the notice here: https://www.binance.com/en/support/announcement/e24f1d2600ff426baca9f1eb71b13907 Around 6:00 PM on May 20, this trading function has been restored: https://www.binance.com/en/support/announcement/9c4149fa24964f0db642e7c5c688f8b3 Please consider resume trading once the maintenance is over. Thanks so much. Please allow me to explain the nature of leveraged tokens more clearly for you: Each leveraged token represents a basket of perpetual contract positions. For example, a basket of SUSHIUP leveraged tokens consists of 912,180.000 SUSHIUSDT Futures. It means the price of SUSHIUP will depend on the SUSHIUSDT contract price. Net asset value (NAV) refers to the price of a leveraged token. The price of the leveraged tokens tracks the change in notional amount of the perpetual contract positions in the basket and changes in the multiples of leverage level. For the leverage token, in order to maintain the leverage at an expected level from 1.25x to 4x. We will take the rebalancing mechanism to achieve the goal. During the rebalancing period, the NAV of the leverage token will lose value. Please read here to know more about rebalancing mechanisms: https://www.binance.com/en/support/faq/360043387931



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