Reverse Split of IOTA3S、IOTA1S、COMP1S Pionex Leveraged Token

Dear users,
To provide a better trading experience for our users, IOTA3S、IOTA1S、COMP1S will undergo a 1-for-50 reverse token split, starting at 22 : 10 (UTC+8) on Apr 16, 2021. The process will take approximately 30 minutes, and the total asset value of IOTA3S、IOTA1S、COMP1S 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 IOTA3S、IOTA1S、COMP1S will be canceled automatically. All the IOTA3S、IOTA1S、COMP1S and USDT frozen by trading bots will be returned to users' spot accounts directly.
Tradings on IOTA3S、IOTA1S、COMP1S and IOTA3L、IOTA1L、COMP1L will be suspended.
We will then take a snapshot of IOTA3S、IOTA1S、COMP1S balances in users' accounts and begin the reverse token split of IOTA3S、IOTA1S、COMP1S tokens at a ratio of 50 IOTA3S、IOTA1S、COMP1S (before the reverse split) = 1 IOTA3S、IOTA1S、COMP1S (after the reverse split).
The balances of the IOTA3S、IOTA1S、COMP1S will be updated, and the tradings for IOTA3S、IOTA1S、COMP1S and IOTA3L、IOTA1L、COMP1L will be opened at this time.

Please check the IOTA3S、IOTA1S、COMP1S 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 IOTA3S, if the price of IOTA3S is 0.05 USDT and a user holds 100 IOTA3S 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 IOTA3S 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 16, 2021

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