Since the net value of leveraged ETF product XTZ3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of XTZ3S at 18:00 (UTC+8), April 13.
The 10 shares of XTZ3S will be merged into 1 share. Consequently, the net value per share of XTZ3S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.
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The MXC team
April 13, 2020