Dear Users,
To provide a better trading experience for our users, SNX1S and APT3S will undergo a 1-for-100 reverse token split starting at 08:30 on March 26th, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of SNX1S and APT3S a user hold will not be affected by the reverse split.
After the 1-for-100 reverse:
100 SNX1S (before the reverse split) = 1 SNX1S (after the reverse split)
100 APT3S (before the reverse split) = 1 APT3S (after the reverse split)
During the reverse split period:
All existing bot trading orders and manual orders trading on SNX1S and APT3S will be automatically canceled.
The USDT, SNX1S, or APT3S frozen by trading bots will be returned directly to users' spot accounts.
Trading on SNX1S, APT3S, and APT3L will be temporarily suspended.
We will then take a snapshot of SNX1S and APT3S balances in users' accounts and initiate the reverse token split of SNX1S and APT3S tokens at a ratio of 100 SNX1S, APT3S (before the reverse split) = 1 SNX1S, APT3S (after the reverse split).
The balances of SNX1S and APT3S will be updated, and trading for SNX1S, APT3S, and APT3L will resume.
Please check your SNX1S or APT3S 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 SNX1S and APT3S, if the price of SNX1S, APT3S is 0.05 USDT and a user holds 100 SNX1S, APT3S before the reverse split, the user will end up holding 1 SNX1S, APT3S worth 5 USDT each after the reverse split. The total value of the SNX1S and APT3S 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
March 26th, 2024