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BigONE Announcement on Optimizing and Adjusting the ETF Trading Market

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BigONE
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Dear BigONE users,

To facilitate a better trading experience for our users, BigONE will optimize and adjust the ETF trading market. Due to the extreme market fluctuations, to protect users' trading experience and rights, we will delist the following trading pairs on 6 July 2022 at 15:00 (GMT+8):

AAVE3L/USDT, AAVE3S/USDT, ALGO3L/USDT, ALGO3S/USDT, ALICE3L/USDT, ALICE3S/USDT, ANT3L/USDT, ANT3S/USDT, AR3L/USDT, AR3S/USDT, BAL3L/USDT, BAL3S/USDT, CELO3L/USDT, CELO3S/USDT, COMP3L/USDT, COMP3S/USDT, CRV3L/USDT, CRV3S/USDT, DUSK3L/USDT, DUSK3S/USDT, FXS3L/USDT, FXS3S/USDT, GAL3L/USDT, GAL3S/USDT, GLMR3L/USDT, GLMR3S/USDT, GRT3L/USDT, GRT3S/USDT, GTC3L/USDT, GTC3S/USDT, MKR3L/USDT, MKR3S/USDT, MOB3L/USDT, MOB3S/USDT, ROSE3L/USDT, ROSE3S/USDT, SLP3L/USDT, SLP3S/USDT, SLP5L/USDT, SLP5S/USDT, SXP3L/USDT, SXP3S/USDT, THETA3L/USDT, THETA3S/USDT, VET3L/USDT, VET3S/USDT. 

Users who hold positions require to close their positions before delisting. For users who do not close their positions, the system will automatically close the position, the platform will settle the above trading pairs holders within 72 hours according to the net value at the time of delisting. Zero-value tokens will be drawn out automatically. 

In addition, we will merge the shares of GALA5L, GST3L, LOOKS5L, and TLM5L on 6 July at 23:30 (GMT+8), and the shares of GALA5L, GST3L, LOOKS5L, and TLM5L 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 1,000 shares of GALA5L, LOOKS5L, and TLM5L 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.
  • The original 10,000 shares of GST3L with the new share of the net value 10,000 times the original share. The net value conversion will be based on the net value at the time of the merge.

Example:

At the time of the merge, David held 1,000 GALA5L, each with a net value of 0.00123058 and a total amount of 1.23058 USDT. After the merge, David holds 1 GALA5L, each with a net value of 1.23058, and the total amount remains unchanged at 1.23058 USDT.
 
Details of the settlement are as follows:
Trading Pair         Settlement amount     
AAVE3L 0.91121659 
AAVE3S 0.02488416 
ALGO3L 0.00450751 
ALGO3S 0.00996550 
ALICE3L 0.98121420 
ALICE3S 0.06528891 
ANT3L 0.26066970 
ANT3S 0.02482410 
AR3L 0.25792399 
AR3S 0.16073074 
BAL3L 0.00454584 
BAL3S 5.88192046 
CELO3L 2.33464857 
CELO3S 0.01994703 
COMP3L 1.31214611 
COMP3S 0.01689876 
CRV3L 0.15058961 
CRV3S 0.18045221 
DUSK3L 0.06136891 
DUSK3S 0.04693790 
FXS3L 0.65590236 
FXS3S 0.17492826 
GAL3L 0.09702618 
GAL3S 0.04132038 
GLMR3L 0.61277084 
GLMR3S 0.32766414 
GRT3L 0.35583940 
GRT3S 6.40265343 
GTC3L 0.10397060 
GTC3S 0.02324646 
MKR3L 0.03663878 
MKR3S 1.88477712 
MOB3L 0.99864898 
MOB3S 1.20668980 
ROSE3L 0.05314243 
ROSE3S 0.64693246 
SLP3L 0.11222510 
SLP3S 0.00508602 
SLP5L 0.03811409 
SLP5S 0.03383821 
SXP3L 0.95526809 
SXP3S 0.01787225 
THETA3L 0.26743815 
THETA3S 4.27387554 
VET3L 0.00475791 
VET3S 9.31147000
 

Reminder:

  1. During this period, users who have pending orders for the above trading pairs, please cancel the pending order in advance. If the order is not withdrawn after being removed, the system will automatically withdraw the order for you, and the relevant crypto assets will be returned to your trading account.
  2. After the settlement of the delisted trading pair is completed, the settlement details will be displayed in this announcement.
  3. 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.
  4. 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.

BigONE, more than just asset security.

Regards,
BigONE Team
3 July 2022

 
 

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