Since the net value of leveraged ETF product ALGO3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of ALGO3S at 14:00 (UTC+8), July 31.
The 10 shares of ALGO3S will be merged into 1 share. Consequently, the net value per share of ALGO3S 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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Enjoying your trade on MXC.
The MXC team
July 31, 2020