Since the net value of LINK3S leveraged tokens is lower than 0.05 USDT, in order to facilitate users‘ trading and avoid the impact of precision, Pionex will execute a reverse split of LINK3S on August 10, 2020, at 17:00 (UTC + 8) and the operation will not affect the total value of users‘ assets.
The Reverse Split Ratio will be 1 for 20, which means 20 shares of LINK3S will be merged into 1 share, consequently, the net value per share will be up 20 times and user's holding quantity will be down to 1/20. In this connection, user’s total balance will stay the same after the reverse split.
Meanwhile, all the running LINK3S bots will be stopped on August 10, 2020, at 17:00 (UTC + 8). Users who have created bots with LINK3S can check their assets in “My holding assets balance” after the reverse split. If users want to buy or sell on their own, please operate before this time.
In addition, Pionex has supplemented the Reverse Split Mechanism of Pionex Leveraged Tokens. Starting from August 10, 2020, at 17:00 (UTC + 8), the reverse split will be triggered when the price of Pionex’s leveraged token is lower than 0.05 USDT. Same as the operation flow mentioned above, the reverse split will not affect the total value of users' asset, the reverse split ratio will be 1 for 20 and the running bots involved in the leveraged tokens will be stopped.