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To provide a better trading experience for our users,┬аMASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аwill undergo a 1-for-1,000 reverse token split.┬аIt will start at┬а09:00 (UTC) on March 20, 2023. The process will take approximately 3 hours, and the total asset value of MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аa user hold will not be affected by the reverse split.
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After the 1-for-1,000 reverse:
1,000 MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S(before the reverse split) = 1 MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S(after the reverse split)
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During the reverse split period:
- All existing orders trading on MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аwill be canceled automatically. Tradings on MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аwill be suspended.
- We will then take a snapshot of MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аbalances in users' accounts.
- The balances of the MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S will be updated, and the tradings for MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аwill be opened at this time.
Please check the MASK3S, ARPA3S, BIT3L, GALA5S, FTM3S, OP3S, DODO3S, INJ3S, OMG3S, DASH3S┬аasset in "WalletтЖТ Spot" after the reverse split.
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уАРAbout the reverse split of the LBank Leveraged TokenуАС
When the leveraged token price is less than 0.01 USDT, to avoid having any adverse effect on users' trading experience, LBank might undergo a reverse token split on that leveraged token. The exact price that triggers the reverse token split might vary depending on the market condition.
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A reverse token split is a process that consolidates the existing number of issued tokens into a smaller number of proportionally more valuable tokens.
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Based on the ratio of the 1-for-1000 reverse split of BTC3L, if the price of BTC3L is 0.005 USDT and a user holds 1000 BTC3L before the reverse split, the user will end up holding 1 BTC3L worth 5 USDT each after the reverse split. The total value of the BTC3L holding by the user will not change and remain 5 USDT before or after the reverse split.
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If you have problems, please contact LBank official email:┬аservice@lbank.info, and we will provide sincere, friendly and immediate service. We also welcome you to join LBank official English community to discuss the latest issue (Telegram):┬аhttps://t.me/LBank_en.
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