Since the net value of leveraged ETF products - ALGO3S and ZEC3S are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of ALGO3S and ZEC3S at 14:00 (UTC+8), July 13.
The 10 shares of ALGO3S and ZEC3S will be merged into 1 share respectively. Consequently, the net value per share of ALGO3S and ZEC3S will be up 10 times, while the 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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Enjoying your trade on MXC.
The MXC team
July 13, 2020