Since the net value of leveraged ETF products QTUM3S and THETA3S are lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of QTUM3S and THETA3S at 16:00 (UTC+8), August 21.
The 10 shares of QTUM3S and THETA3S will be merged into 1 share respectively. Consequently, the net value per share of QTUM3S and THETA3S will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.
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Enjoying your trade on MXC.
The MXC team
August 21, 2020