Dear BigONE users:
As the unit price of leveraged ETF products UNI3L and FLM3L is lower than 0.05 USDT, the BigONE leveraged ETF product share consolidation mechanism has been triggered. In order to improve the effectiveness of prices, we will initiate share consolidation at 18:00 on October 30, 2020 (UTC+8) Mechanism, the shares of UNI3L and FLM3L are merged separately, and the total assets of users after the consolidation will not be affected in any way.
The name, abbreviation, and transaction pair of the new share are the same as before the consolidation.
The original 10 UNI3L/FLM3L shares will become 1 new UNI3L/FLM3L share, and the absolute value of the new share will be 10 times the original share. The absolute value conversion is based on the absolute value of the consolidation.
E.g:
At the time of the consolidation, Xiao Ming held 10 UNI3L, each with a absolute value of 0.015 and a total amount of 0.75 USDT. After the consolidation, Xiao Ming holds 1 UNI3L, each with an absolute value of 0.75, and the total amount remains unchanged at 0.75 USDT.
Note:
1. During the consolidation, we will stop the transaction of the currency pair asset half an hour in advance (the process of consolidation is expected to be 1 hour), and other currency pair transactions will not be affected.
2. Before the consolidation, all users who have pending orders for currency pairs above are required to withdraw their orders in advance. If the orders are not withdrawn, the system will automatically cancel all orders and related assets will be returned to the account.
Leveraged ETF product FAQ: https://support.bigonechina.com/hc/zh-cn/articles/900002710806
If you have any suggestions about leveraged ETFs, please contact us: https://jinshuju.net/f/XONJJZ
BigONE, more than just asset security.
Best,
BigONE Team
October 30, 2020
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