Reverse Split of GAL2S, BTC3S Pionex Leveraged Tokens

Dear users,
To provide a better trading experience for our users, GAL2S, BTC3S will undergo a 1-for-100 reverse token split, starting at 08:30 on March 22st, 2023 (UTC). The process will take approximately 30 minutes, and the total asset value of GAL2S, BTC3S a user hold will not be affected by the reverse split.

After the 1-for-100 reverse:
100 GAL2S, BTC3S (before the reverse split) = 1 GAL2S, BTC3S (after the reverse split)

During the reverse split period:

• All existing bot trading orders and manual orders trading on GAL2S, BTC3S will be canceled automatically. All the USDT and GAL2S, BTC3S frozen by trading bots will be returned to users' spot accounts directly.
• Tradings on GAL2L, BTC3L and GAL2S, BTC3S will be suspended.
• We will then take a snapshot of GAL2S, BTC3S balances in users' accounts and begin the reverse token split of GAL2S, BTC3S tokens at a ratio of 100 GAL2S, BTC3S (before the reverse split) = 1 GAL2S, BTC3S (after the reverse split).
• The balances of the GAL2S, BTC3S will be updated, and the tradings for GAL2L, BTC3L and GAL2S, BTC3S will be opened at this time.

Please check the GAL2S, BTC3S asset in the "Primary Account" after the reverse split.

【About the reverse split of the Pionex Leveraged Token】

• When the leveraged token price is less than 0.1 USDT, to avoid having any adverse effect on users' trading experience, Pionex might undergo a reverse token split on that leveraged token. The exact price that triggers the reverse token split might vary depending on the market condition.
• 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-100 reverse split of GAL2S, BTC3S, if the price of GAL2S, BTC3S is 0.05 USDT and a user holds 100 GAL2S, BTC3S before the reverse split, the user will end up holding 1 USDT worth 5 USDT each after the reverse split. The total value of the GAL2S, BTC3S holding by the user will not change and will remain 5 USDT before or after the reverse split.

Risk warning:
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will make its 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
March 22nd, 2023