Dear BigONE users,
As the unit price of leveraged ETF products LOOKS5S, LOOKS3S, SPELL3L, LUNA3S, LINK3S, FTM3L, GRT3S, VET3S, AXS3L, UNI3S, ATOM3L, THETA3S, and XRP3L has triggered the BigONE leveraged ETF share merging mechanism. In order to improve the effectiveness of the price, we will initiate the merge on 2 April 2022 at 23:30 (GMT+8), and the shares of LOOKS5S, LOOKS3S, SPELL3L, LUNA3S, LINK3S, FTM3L, GRT3S, VET3S, AXS3L, UNI3S, ATOM3L, THETA3S, and XRP3L will be merged separately. After the merge, the total assets of users will not be affected in any way.
The name, abbreviation, and transaction pair of the new share are the same as before the merge.
- The original 20,000 shares of LOOKS5S with the new share of the net value 20,000 times the original share. The net value conversion will be based on the net value at the time of the merge.
- The original 2,000 shares of LUNA3S with the new share of the net value 2,000 times the original share. The net value conversion will be based on the net value at the time of the merge.
- The original 1,000 shares of LOOKS3S, SPELL3L, LINK3S, FTM3L, GRT3S, VET3S, AXS3L, UNI3S, ATOM3L, THETA3S, and XRP3L with the new share of the net value 1,000 times the original share. The net value conversion will be based on the net value at the time of the merge.
Example:
Note:
1. During the merge, we will stop the transaction of the currency pair asset half an hour in advance (the merger process is expected to be 1 hour), and other currency pair transactions will not be affected.
2. Before the merge, all users who have pending orders for the currency pairs above are requested to withdraw their orders in advance. If the orders are not withdrawn, the system will automatically cancel all orders and the relevant assets will be returned to the account.
Leveraged ETF product FAQ: https://bigone.zendesk.com/hc/en-us/articles/900002710806
BigONE, more than just asset security.
Regards,
BigONE Team
2 April 2022
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