Reverse Split of Pionex SNX1S, APT3S Leveraged Tokens

Dear Users,

To provide a better trading experience for our users, SNX1S and APT3S will undergo a 1-for-100 reverse token split starting at 08:30 on March 26th, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of SNX1S and APT3S a user hold will not be affected by the reverse split.

After the 1-for-100 reverse:
100 SNX1S (before the reverse split) = 1 SNX1S (after the reverse split)
100 APT3S (before the reverse split) = 1 APT3S (after the reverse split)

During the reverse split period:

• All existing bot trading orders and manual orders trading on SNX1S and APT3S will be automatically canceled.
• The USDT, SNX1S, or APT3S frozen by trading bots will be returned directly to users' spot accounts.
• Trading on SNX1S, APT3S, and APT3L will be temporarily suspended.
• We will then take a snapshot of SNX1S and APT3S balances in users' accounts and initiate the reverse token split of SNX1S and APT3S tokens at a ratio of 100 SNX1S, APT3S (before the reverse split) = 1 SNX1S, APT3S (after the reverse split).
• The balances of SNX1S and APT3S will be updated, and trading for SNX1S, APT3S, and APT3L will resume.
• Please check your SNX1S or APT3S 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 SNX1S and APT3S, if the price of SNX1S, APT3S is 0.05 USDT and a user holds 100 SNX1S, APT3S before the reverse split, the user will end up holding 1 SNX1S, APT3S worth 5 USDT each after the reverse split. The total value of the SNX1S and APT3S 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 26th, 2024