Dear respected users，
Since the net value of leveraged ETF product UMA1D3L, CELR1D5L and KNC1D3L are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of UMA1D3L, CELR1D5L and KNC1D3L at 01:30 AM-02:00 AM on February 4th, 2022 UTC.
Because the price will increase by 10X after the merger, the number of users' existing assets will be multiplied by 0.1, meanwhile, the 10 shares of UMA1D3L, CELR1D5L and KNC1D3L is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge will be merged into 1 share, consequently, the net value per share will be up 10 times and user's holding amount will be down to 1/10. 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.
About leveraged ETF, for more details: Leveraged ETF FAQ
Hotbit Team
February 3rd, 2022
About us ：
Hotbit’s Official Website： https://www.hotbit.io/
Telegram ： https://t.me/Hotbit_English
Telegram (Announcements)：https://t.me/Hotbit_announcements
Twitter： https://twitter.com/Hotbit_news
Facebook： https://www.facebook.com/hotbitexchange/
Medium： https://medium.com/@hotbit
Comments
0 comments
Article is closed for comments.