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To provide a better trading experience for our users, YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬аwill undergo a 1-for-10000 reverse token split. It will start at 17:00 (UTC+8) on May 27, 2022. The process will take approximately 3 hours, and the total asset value of YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L a user hold will not be affected by the reverse split.
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After the 1-for-10000 reverse:
10000 YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L (before the reverse split) = 1 YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬а(after the reverse split)
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During the reverse split period:
- All existing orders trading on YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬аwill be canceled automatically. Tradings on YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬аwill be suspended.
- We will then take a snapshot of YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬аbalances in users' accounts.
- The balances of the YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L will be updated, and the tradings for YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬аwill be opened at this time.
Please check the YFII3L, TRB3L, SKL3L, API33L, DOGE5L, GALA5L, KAVA3S, SPELL3L, THETA3L, ENJ5L┬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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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
