Dear respected users，
Previously, when the net value of leveraged ETF products is lower than 0.1 USDT, the Share Merging Mechanism will be triggered, and the price will be increased by 10 times after the consolidation, so the number of users' existing assets will be multiplied by 0.1, and the total assets of users will not be affected after the merge.
In view of the large price fluctuation of XTC, when we merged the shares of leveraged ETF product XTZ1D3S on January 18, 2021, in order to optimize the user's trading experience, the price has been increased by 100X (the increase can be checked in the K-line chart) after the merger. Therefore, after the merger during 01:30 AM-02:00 AM on January 18th, 2021 UTC, the number of assets after the merger has been divided by 100, and the total assets of users are not affected.
Because the price will increase by 100X after the merger, the number of users' existing assets will be multiplied by 0.01, meanwhile, the 100 shares of XTZ1D3S will be merged into 1 share, consequently, the net value per share will be up 100 times and user's holding amount will be down to 1/100. In this connection, the user’s total assets will stay the same after the merging. The net value conversion is based on the net balance at the time of the merger.
The name, abbreviation and trading pairs of the new shares are the same as those before the merger.
Note: the merger will never affect the user's funds and the users' funds is only influenced by the market. If you have any questions, please feel free to contact us through "submit the ticket".
Hotbit will continue to provide users with high-quality trading and service experience!
January 18th, 2021