Reverse Split of Pionex FLM2L、LUNC2L、APT3L、DOT3L、XLM3L Leveraged Tokens

Dear Users,

To provide a better trading experience for our users, FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L will undergo a 1-for-100 reverse token split starting at 02:00 on April 14th, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L a user holds will not be affected by the reverse split.

After the 1-for-100 reverse:
100 FLM2L (before the reverse split) = 1 FLM2L (after the reverse split)
100 LUNC2L (before the reverse split) = 1 LUNC2L (after the reverse split)
100 APT3L (before the reverse split) = 1 APT3L (after the reverse split)
100 DOT3L (before the reverse split) = 1 DOT3L (after the reverse split)
100 XLM3L (before the reverse split) = 1 XLM3L (after the reverse split)

During the reverse split period:

• All existing bot trading orders and manual orders trading on FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L will be automatically canceled.
• The USDT, FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L frozen by trading bots will be returned directly to users' spot accounts.
• Trading on FLM2L, FLM2S, LUNC2L, LUNC2S, APT3L, APT3S, DOT3L, DOT3S, XLM3L, XLM3S will be temporarily suspended.
• We will then take a snapshot of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L balances in users' accounts and initiate the reverse token split of FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L tokens at a ratio of 100 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L (before the reverse split) = 1 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L (after the reverse split).
• The balances of FLM2L, LUNC2L, APT3L, DOT3L, XLM3L will be updated, and trading for FLM2L, FLM2S, LUNC2L, LUNC2S, APT3L, APT3S, DOT3L, DOT3S, XLM3L, XLM3S will resume.
• Please check your FLM2L, LUNC2L, APT3L, DOT3L, or XLM3L 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 FLM2L, LUNC2L, APT3L, DOT3L, and XLM3L, if the price of FLM2L, LUNC2L, APT3L, DOT3L, XLM3L is 0.05 USDT and a user holds 100 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L before the reverse split, the user will end up holding 1 FLM2L, LUNC2L, APT3L, DOT3L, XLM3L worth 5 USDT each after the reverse split. The total value of the FLM2L, LUNC2L, APT3L, DOT3L, XLM3L 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
April 14th, 2024