Dear user:
Since the net value of KAVA3S、RLC3S、AVAX3S、BAL3S leveraged tokens is lower than 0.05 USDT, in order to facilitate users‘ trading and avoid the impact of precision, Pionex will execute a reverse split of KAVA3S、RLC3S、AVAX3S、BAL3S on February 2, 2021, at 19:00 (UTC + 8) and the operation will not affect the total value of users‘ assets. The reverse split will take about 30 minutes. During this period, KAVA3L、RLC3L、AVAX3L、BAL3L will also suspend trading at the same time.
The Reverse Split Ratio will be 1 for 50 for KAVA3S、RLC3S、AVAX3S、BAL3S which means 50 shares of KAVA3S、RLC3S、AVAX3S、BAL3S will be merged into 1 share. Consequently, the net value per share will be up 50 times and user's holding quantity will be down to 1/50. In this connection, user’s total balance will stay the same after the reverse split.
Meanwhile, all the running KAVA3S、RLC3S、AVAX3S、BAL3S bots and manual orders will be stopped on February 2,2021, at 19:00 (UTC + 8). Users who have created bots or manual orders with KAVA3S、RLC3S、AVAX3S、BAL3S can check their assets in “My holding assets balance” after the reverse split. If users want to buy or sell on their own, please operate before this time.
Pionex Team
February 2, 2021
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