Dear respected users，
Since the net value of leveraged ETF product YFII1D5S, DYDX1D5S, NEAR1D5S, SNXID3S, FTMID5S and KNC1D3S are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of YFII1D5S, DYDX1D5S, NEAR1D5S, SNXID3S, FTMID5S and KNC1D3S at 01:30 AM-02:00 AM on February 6th, 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 YFII1D5S, DYDX1D5S, NEAR1D5S, SNXID3S, FTMID5S and KNC1D3S 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 5th, 2022
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