Reverse Split of KAVA1S、XTZ3S Pionex Leveraged Token

Dear users,
To provide a better trading experience for our users, KAVA1S、XTZ3S will undergo a 1-for-50 reverse token split, starting at 10 : 30 (UTC+8) on Apr 02, 2021. The process will take approximately 30 minutes, and the total asset value of KAVA1S、XTZ3S a user hold will not be affected by the reverse split.

During the reverse split period:
All existing bot trading orders and manual orders trading on KAVA1S、XTZ3S will be canceled automatically. All the KAVA1S、XTZ3S and USDT frozen by trading bots will be returned to users' spot accounts directly.
Tradings on KAVA1S、XTZ3S and KAVA1L、XTZ3L will be suspended.
We will then take a snapshot of KAVA1S、XTZ3S balances in users' accounts and begin the reverse token split of KAVA1S、XTZ3S tokens at a ratio of 50 KAVA1S、XTZ3S (before the reverse split) = 1 KAVA1S、XTZ3S (after the reverse split).
The balances of the KAVA1S、XTZ3S will be updated, and the tradings for KAVA1S、XTZ3S and KAVA1L、XTZ3L will be opened at this time.

Please check the KAVA1S、XTZ3S asset in "My holding assets balance" after the reverse split.

【About the reverse split of the Pionex Leveraged Token】
When the leveraged token price is less than 0.05 USDT, to avoid having any adverse effect on users' trading experience, Pionex will undergo a reverse token split on that leveraged token.
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-50 reverse split of KAVA1S, if the price of KAVA1S is 0.05 USDT and a user holds 100 KAVA1S before the reverse split, the user will end up holding 2 USDT worth 2.5 USDT each after the reverse split. The total value of the KAVA1S holding by the user will not change and remain 5USDT before or after the reverse split.

Risk warning:
Trading in crypto market carries a substantial risk and the possibility of making both significant profits and losses.Please trade cautiously. Though Pionex will make best efforts to choose high-quality assets, Pionex could not assure any profit and will not be responsible for your trading loss.

Thanks for your support!

Pionex Team
Apr 02, 2021

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