Reverse Split of Pionex INCH2S Leveraged Tokens

Dear Users,

To provide a better trading experience for our users, INCH2S will undergo a 1-for-100 reverse token split starting at 02:30 on March 15th, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of INCH2S a user hold will not be affected by the reverse split.

After the 1-for-100 reverse:
100 INCH2S (before the reverse split) = 1 INCH2S (after the reverse split)

During the reverse split period:

• All existing bot trading orders and manual orders trading on INCH2S will be canceled automatically.
• All the USDT and INCH2S frozen by trading bots will be returned to users' spot accounts directly.
  Tradings on INCH2S and INCH2L will be suspended.
• We will then take a snapshot of INCH2S balances in users' accounts and begin the reverse token split of INCH2S tokens at a ratio of 100 INCH2S (before the reverse split) = 1 INCH2S(after the reverse split).
• The balances of the INCH2S will be updated, and the tradings for INCH2S and INCH2L will be opened at this time.
• Please check the INCH2S assets 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 INCH2S, if the price of INCH2S is 0.05 USDT and a user holds 100 INCH2S before the reverse split, the user will end up holding 1 INCH2S worth 5 USDT each after the reverse split. The total value of the INCH2S holding by the user will not change and will remain at 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 cannot assure any profit and will not be responsible for your trading loss.

Thanks for your support!

Pionex Team
March 14th, 2024