Dear Users,
To provide a better trading experience for our users, FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L will undergo a 1-for-100 reverse token split starting at 02:00 on April 14th, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L a user holds will not be affected by the reverse split.
After the 1-for-100 reverse:
100 FLM2L (before the reverse split) = 1 FLM2L (after the reverse split)
100 LUNC2L (before the reverse split) = 1 LUNC2L (after the reverse split)
100 APT3L (before the reverse split) = 1 APT3L (after the reverse split)
100 DOT3L (before the reverse split) = 1 DOT3L (after the reverse split)
100 XLM3L (before the reverse split) = 1 XLM3L (after the reverse split)
During the reverse split period:
All existing bot trading orders and manual orders trading on FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L will be automatically canceled.
The USDT, FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L frozen by trading bots will be returned directly to users' spot accounts.
Trading on FLM2L, FLM2S, LUNC2L, LUNC2S, APT3L, APT3S, DOT3L, DOT3S, XLM3L, XLM3S will be temporarily suspended.
We will then take a snapshot of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L balances in users' accounts and initiate the reverse token split of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L tokens at a ratio of 100 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L (before the reverse split) = 1 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L (after the reverse split).
The balances of FLM2L, LUNC2L, APT3L, DOT3L, XLM3L will be updated, and trading for FLM2L, FLM2S, LUNC2L, LUNC2S, APT3L, APT3S, DOT3L, DOT3S, XLM3L, XLM3S will resume.
Please check your FLM2L, LUNC2L, APT3L, DOT3L, or XLM3L assets in the "Primary Account" after the reverse split.
【About the reverse split of the Pionex Leveraged Token】
When the leveraged token price is less than 0.1 USDT, to avoid having any adverse effect on users' trading experience, Pionex might undergo a reverse token split on that leveraged token.
The exact price that triggers the reverse token split might vary depending on the market condition.
A reverse token split is a process that consolidates the existing number of issued tokens into a smaller number of proportionally more valuable tokens.
Based on the ratio of the 1-for-100 reverse split of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L, if the price of FLM2L, LUNC2L, APT3L, DOT3L, XLM3L is 0.05 USDT and a user holds 100 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L before the reverse split, the user will end up holding 1 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L worth 5 USDT each after the reverse split. The total value of the FLM2L, LUNC2L, APT3L, DOT3L, XLM3L holding by the user will not change and will remain at 5 USDT before or after the reverse split.
Risk Warning:
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will make its best efforts to choose high-quality assets, Pionex cannot assure any profit and will not be responsible for your trading loss.
Thanks for your support!
Pionex Team
April 14th, 2024