Since the net value of leveraged ETF product IOST3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of iost3S at 14:00 (UTC+8), July 6.
The 10 shares of IOST3S will be merged into 1 share. Consequently, the net value per share of IOST3S 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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Enjoying your trade on MXC.
The MXC team
July 6, 2020