Reverse Split Of ALGO3S、 VET3S、KAVA3S – Pionex Help Center

Dear user,

Since the net value of ALGO3S、 VET3S、KAVA3S 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 ALGO3S、 VET3S、KAVA3S on March 04, 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, ALGO3L、 VET3L、KAVA3L will also suspend trading at the same time.

The Reverse Split Ratio will be 1 for 50 for ALGO3S、 VET3S、KAVA3S which means 50 shares of ALGO3S、 VET3S、KAVA3S 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 ALGO3S、 VET3S、KAVA3S bots and manual orders will be stopped on March 04,2021, at 10:00 (UTC + 8). Users who have created bots or manual orders with ALGO3S、 VET3S、KAVA3S 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

March 04,2021