Since the net value of leveraged ETF products LRC3S & WOO3S are lower than 0.1 USDT and trigger the Share Merging Mechanism. As such, MEXC will merge the shares of LRC3S & WOO3S at 2022-08-07 14:00 PM (UTC).
The 10 share of LRC3S & WOO3S will be merged into 1 share. Consequently, the net value per share of LRC3S & WOO3S 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:
- What is "Share Merging Mechanism"
- Guide for Leverage ETF
- Leveraged ETF Lectures
- FAQ for Leveraged ETF
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
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The MEXC Team,
7 August 2022