Since the net value of leveraged ETF products BAL3L, XRP3S and FILECOIN3L are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of BAL3L, XRP3S and FILECOIN3L at 14:00 (UTC+8), October 22.
The 10 shares of BAL3L, XRP3S and FILECOIN3L will be merged into 1 share respectively. Consequently, the net value per share of BAL3L, XRP3S and FILECOIN3L 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
October 22, 2020