Dear LBank users,
To enhance the trading experience for our users, ALICE3L_USDT, TRX5S_USDT, IOTA3L_USDT, RIF3L_USDT, ENJ5L_USDT, ANKR3S_USDT, ALGO3L_USDT, NOT3S_USDT, AXS3L_USDT, ANKR3L_USDT will undergo a 1-for-10,000 reverse token split. The process will commence at 10:00 on July 28, 2026 (UTC), and will take approximately Four hours to complete. The total asset value users hold will remain unaffected by the reverse split.
To enhance the trading experience for our users, ALICE3L_USDT, TRX5S_USDT, IOTA3L_USDT, RIF3L_USDT, ENJ5L_USDT, ANKR3S_USDT, ALGO3L_USDT, NOT3S_USDT, AXS3L_USDT, ANKR3L_USDT will undergo a 1-for-10,000 reverse token split. The process will commence at 10:00 on July 28, 2026 (UTC), and will take approximately Four hours to complete. The total asset value users hold will remain unaffected by the reverse split.
Following the 1-for-10,000 reverse split:
10,000 ALICE3L (before) = 1 ALICE3L (after)
Same as TRX5S_USDT, IOTA3L_USDT, RIF3L_USDT, ENJ5L_USDT, ANKR3S_USDT, ALGO3L_USDT, NOT3S_USDT, AXS3L_USDT, ANKR3L_USDT.
During the reverse split period, ALICE3L_USDT, TRX5S_USDT, IOTA3L_USDT, RIF3L_USDT, ENJ5L_USDT, ANKR3S_USDT, ALGO3L_USDT, NOT3S_USDT, AXS3L_USDT, ANKR3L_USDT will happen:
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All existing orders will be automatically canceled, and trading will be temporarily suspended.
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A snapshot of users' account balances will be taken.
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Asset balances will be updated accordingly, and trading will resume.
Please check the updated ALICE3L_USDT, TRX5S_USDT, IOTA3L_USDT, RIF3L_USDT, ENJ5L_USDT, ANKR3S_USDT, ALGO3L_USDT, NOT3S_USDT, AXS3L_USDT, ANKR3L_USDT assets in "Wallet → Spot" after the reverse split.
【Regarding Reverse Split】
When the leveraged token price falls below 0.01 USDT, LBank may implement a reverse token split to prevent any negative impact on users' trading experience. The precise price at which a reverse token split is triggered may vary depending on market conditions.
A reverse token split consolidates the existing number of issued tokens into a smaller quantity of proportionally more valuable tokens.
For instance, with a 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 possess 1 BTC3L valued at 5 USDT each after the reverse split. The total value of the user's BTC3L holdings will remain unchanged at 5 USDT before and after the reverse split.
Risk Warning:
Trading in the cryptocurrency market carries a substantial risk and may result in significant profits or losses. Exercise caution when trading. Although LBank strives to select high-quality assets, it cannot guarantee profits and will not be held responsible for any trading losses incurred.