Dear LBank users,
The merging mechanism of leveraged ETF products is triggered as the unit price of some leveraged ETF trading pairs are lower than 0.1 USDT. LBank will merge these ETF products at 23:00 (UTC+8) on September 03, 2021, after which the total assets of users will not be affected.
ETF products merged with 1,000 times: SOL3S*1000, ZEN3S*1000, HBAR3S*1000, RAY3S*1000, CRV3S*1000
The original 1,000 token share will be merged into one share, while the net value, subject to the price when merger happens will be multiplied by 1,000.
For instance, if you own 1,000 tokens with the unit price of 0.001 USDT, the total value of your asset would be 1 USDT, which will stay unchanged when merger with 100 times happens as the net value of your token will be 0.1 USDT while your holding amount becomes 10 from 1,000.
* The name, abbreviation and trading pairs of the new share are the same as before.
* It will take around 3 hours to complete the merger, during which trading and pending orders of the merged trading pairs will be suspended, and users' positions will be calculated by the merger algorithm.
If you have problems, please contact LBank official email: email@example.com, and we will provide sincere, friendly and immediate service for you. We also welcome you to join LBank.info official English community to discuss the latest issue, (Telegram): https://t.me/LBank_en.