Announcement on BigONE Will Merge the Shares of Leveraged ETF Products

Dear BigONE users,

As the unit price of leveraged ETF products GMT5S, WLD3S, UNFI3S, MAGIC3S, MINA3S, KLAY3S, LOOKS5S, GALA5S, DYDX5S and BLUR3Shas triggered the BigONE leveraged ETF share merging mechanism. In order to improve the effectiveness of the price, we will initiate the merge on 27 November 2023 at 23:30 (GMT 8), and the shares of GMT5S, WLD3S, UNFI3S, MAGIC3S, MINA3S, KLAY3S, LOOKS5S, GALA5S, DYDX5S and BLUR3Swill 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 GMT5S, WLD3S, UNFI3S, MAGIC3S, MINA3S, KLAY3S, LOOKS5S, GALA5S, DYDX5S and BLUR3Swith 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 GMT5S, each with a net value of 0.00912and a total amount of 9.12 USDT. After the merge, David holds 1 GMT5S, each with a net value of 9.12, and the total amount remains unchanged at 9.12 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 If the orders are not withdrawn, the system will automatically cancel all orders and the relevant assets will be returned to the account.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
27 November 2023

Read the original article at bigone

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