KuCoin Will Merge the DOGE3L Leverage Token

Dear KuCoin Users,

To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged token DOGE3L at 02:00 on May 20, 2024 (UTC).

The details are as follows:

Leveraged Token	Ratio
DOGE3L	100,000:1

1. Suspension of Subscription and Trading

We will suspend the subscription and trading of DOGE3L/USDT at 12:00 on May 19, 2024 (UTC), The subscription and redemption orders that have already been applied will not be affected.

2. The Merger of Leveraged Token DOGE3L

At 02:00 on May 20, 2024 (UTC), all existing trade orders were canceled. We then take a snapshot of the DOGE3L balance in the user's account and combine the DOGE3L shares in the ratio of 100,000 DOGE3L = 1 DOGE3L.

It is expected that the merger of the leveraged token DOGE3L will be completed at 05:00 on May 20, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for DOGE3L/USDT accordingly. The subscription and redemption functions for DOGE3L will also be opened at this time.

Notes:

1. KuCoin is going to adjust the price increment unit (API symbol: priceIncrement) of DOGE3L/USDT after the merger.

Trading pair	Current price increment	New price increment
DOGE3L/USDT	8 digits 0.00000001	4 digits 0.0001

2. For API users, please be noted that the adjustments of price increment may result in errors when you place orders. If your trading pair is included in the list above, please adjust parameters properly to ensure the smooth transaction.

Thanks for your support! 

TheKuCoinTeam

Risk Warning：Leveraged Tokens investment (trade) is a risky one. By trading KuCoin Leveraged Tokens or using related services of KuCoin Leverage Tokens, you are deemed to have fully understood the risks of KuCoin Leveraged Tokens and agreed to assume all responsibilities of all and related trading or non-trading behaviours involved in your KuCoin account. KuCoin will not be liable to you for any loss that might arise from your use of Leveraged Tokens.