Since the net value of leveraged ETF product LINK3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of LINK3S at 17:30 (UTC+8), April 24.
The 10 shares of LINK3S will be merged into 1 share. Consequently, the net value per share of LINK3S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.
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The MXC team
April 24, 2020