Announcement on BigONE Will Merge the Shares of Leveraged ETF Products

Dear BigONE users,

As the unit price of leveraged ETF products BSV3L, GMT5L, MATIC5L, LOOKS3L, FTM5L, PEPE5S, BCH5L and NEAR5S has triggered the BigONE leveraged ETF share merging mechanism. In order to improve the effectiveness of the price, we will initiate the merge on 29 April 2024 at 23:30 (GMT 8), and the shares of BSV3L, GMT5L, MATIC5L, LOOKS3L, FTM5L, PEPE5S, BCH5L and NEAR5S will be merged separately. After the merge, the total assets of users will not be affected in any way.

The name, abbreviation, and transaction pair of the new share are the same as before the merge.

The original 1,000 shares of BSV3L, GMT5L, MATIC5L, LOOKS3L, FTM5L, PEPE5S, BCH5L and NEAR5S with the new share of the net value 1,000 times the original share. The net value conversion will be based on the net value at the time of the merge.

Example:

At the time of the merge, David held 1,000 BSV3L, each with a net value of 0.00747011 and a total amount of 7.47011 USDT. After the merge, David holds 1 BSV3L, each with a net value of 7.47011 and the total amount remains unchanged at 7.47011 USDT.

Note:

During the merge, we will stop the transaction of the currency pair asset half an hour in advance (the merger process is expected to be 1 hour), and other currency pair transactions will not be affected.
Before the merge, all users who have pending orders for the currency pairs above are requested to withdraw their orders in advance. If the orders are not withdrawn, the system will automatically cancel all orders and the relevant assets will be returned to the account.

Leveraged ETF product FAQ: https://bigone.zendesk.com/hc/en-us/articles/900002710806

BigONE, more than just asset security.

Regards,
BigONE Team
29 April 2024

Read the original article at bigone

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