Reverse Split of Pionex BTC3S Leveraged Token

Dear Users,

To provide a better trading experience for our users, BTC3S will undergo a 1-for-100 reverse token split starting at 02:30 on October 16th, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of BTC3S a user holds will not be affected by the reverse split.

After the 1-for-100 reverse:

100 BTC3S (before the reverse split) = 1 BTC3S (after the reverse split)

During the reverse split period:

1. All existing bot trading orders and manual orders trading on BTC3S will be canceled automatically. All the USDT and BTC3S frozen by trading bots will be returned to users' primary account directly.

2. Tradings on BTC3S and BTC3L will be suspended.

3. We will then take a snapshot of BTC3S balances in users' accounts and begin the reverse token split of BTC3S tokens at a ratio of 100 BTC3S (before the reverse split) = 1 BTC3S (after the reverse split).

4. The balances of the BTC3S will be updated, and the tradings for BTC3S and BTC3L will be opened at this time. Please check the BTC3S assets in the "Primary Account" after the reverse split.

About the reverse split of the Pionex Leveraged Token:

1. 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 price that triggers the reverse token split might vary depending on the market condition.

2. A reverse split of leveraged tokens refers to reducing the issued quantity of leveraged tokens proportionally while simultaneously increasing the nominal value of these tokens.

3. Based on the ratio of the 1-for-100 reverse split of BTC3S, if the price of BTC3S is 0.05 USDT and a user holds 100 BTC3S before the reverse split, the user will end up holding 1 BTC3S worth 5 USDT each after the reverse split. The total value of the BTC3S 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.