Dear users,
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To provide a better trading experience for our users, UNFI3S will undergo a 1-for-1000 reverse token split. RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L┬аwill undergo a 1-for-100 reverse token split.┬а It will start at 17:00 (UTC+8) on Mar 04, 2022. The process will take approximately 3 hours, and the total asset value of UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L a user hold will not be affected by the reverse split.
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After the┬а1-for-1000┬аreverse:
1000 UNFI3S(before the reverse split) = 1 UNFI3S(after the reverse split)
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After the 1-for-100 reverse:
100 RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L(before the reverse split) = 1 RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L(after the reverse split)
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During the reverse split period:
- All existing orders trading on UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L will be canceled automatically. Tradings on UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L┬аwill be suspended.
- We will then take a snapshot of UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L balances in users' accounts and begin the reverse token split of UNFI3S┬аtokens at a ratio of 1000 UNFI3S(before the reverse split) = 1 UNFI3S(after the reverse split), at a ratio of 100 RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L(before the reverse split) = 1 RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L(after the reverse split)
- The balances of the UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L┬аwill be updated, and the tradings for UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L┬аwill be opened at this time.
Please check the UNFI3S, RVN3L, OMG3L, QTUM3L, CAKE3L, TRB3L, ONE3L, BTC3L, STORJ3L, SKL3L, YFI3L┬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┬аreverse split of KNC3S, if the price of KNC3S┬аis 0.005┬аUSDT and a user holds 1000 KNC3S┬аbefore the reverse split, the user will end up holding 1 KNC3S┬аworth 5 USDT each after the reverse split. The total value of the KNC3S┬аholding by the user will not change and remain 5┬аUSDT before or after the reverse split.
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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 LBank will make its best efforts to choose high-quality assets, LBank could not assure any profit and will not be responsible for your trading loss.
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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 for you. We also welcome you to join LBank.info official English community to discuss the latest issue, (Telegram):┬аhttps://t.me/LBank_en.┬а
