Since the net value of leveraged ETF product TRX3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of TRX3S at 15:30 (UTC+8), September 2nd.
The 10 shares of TRX3S will be merged into 1 share. Consequently, the net value per share of TRX3S 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
September 2nd, 2020