Since the net value of leveraged ETF products ADA3S, VET3S, ETC3S, IOST3S, ATOM3S and BNB3S are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of them at 14:00 (UTC+8), May 31.
The 10 shares of ADA3S, VET3S, ETC3S, IOST3S, ATOM3S and BNB3S will be merged into 1 share respectively. Consequently, the net value per share of ADA3S, VET3S, ETC3S, IOST3S, ATOM3S and BNB3S 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.
Learn more about leveraged ETF, please visit:
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
May 31, 2020