Reverse Split of KAVA3S、ZIL3S、SXP3S Pionex Leveraged Token

Dear users,
To provide a better trading experience for our users, KAVA3S、ZIL3S will undergo a 1-for-50，SXP3S will under go a 1-for-100 reverse token split, starting at 20 : 30 (UTC+8) on Apr 05, 2021. The process will take approximately 30 minutes, and the total asset value of KAVA3S、ZIL3S、SXP3S 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 KAVA3S、ZIL3S、SXP3S will be canceled automatically. All the KAVA3S、ZIL3S、SXP3S and USDT frozen by trading bots will be returned to users' spot accounts directly.

Please check the KAVA3S、ZIL3S、SXP3S 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 KAVA3S, if the price of KAVA3S is 0.05 USDT and a user holds 100 KAVA3S 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 KAVA3S 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 05, 2021

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