Reverse Split Of ALGO1S、BAND1S、IOST1S、TRB3S – Pionex Help Center

Dear user

Since the net value of ALGO1S、BAND1S、IOST1S、TRB3S leveraged tokens is lower than 0.05 USDT, in order to facilitate users‘ trading and avoid the impact of precision, Pionex will execute a reverse split of BAT3S on February 13, 2021, at 10:00 (UTC + 8) and the operation will not affect the total value of users‘ assets. The reverse split will take about 30 minutes. During this period, ALGO1L、BAND1L、IOST1L、TRB3L will also suspend trading at the same time.

The Reverse Split Ratio will be 1 for 50 for ALGO1S、BAND1S、IOST1S、TRB3S which means 50 shares of ALGO1S、BAND1S、IOST1S、TRB3S will be merged into 1 share. Consequently, the net value per share will be up 50 times and user's holding quantity will be down to 1/50. In this connection, user’s total balance will stay the same after the reverse split. Meanwhile, all the running ALGO1S、BAND1S、IOST1S、TRB3S bots and manual orders will be stopped on February 13,2021, at 10:00 (UTC + 8). Users who have created bots or manual orders with ALGO1S、BAND1S、IOST1S、TRB3S can check their assets in “My holding assets balance” after the reverse split. If users want to buy or sell on their own, please operate before this time.

Pionex Team

February 13, 2021