MXC Will Merge the Shares of 17 Leveraged ETF Products Including IOST3S, BZRX3S, XLM3S, ALGO3S, CHZ3S and XRP5S

Dear Users:

Since the net value of leveraged ETF products IOST3S, BZRX3S, XLM3S, ALGO3S, CHZ3S, XRP5S, XTZ3S, FTM3S, EOS5S, FILECOIN3S, COMP3S, YFII3S, EOS4S, AKRO3S, VET3S, BAT3S and TOMO3S are lower than 0.05 USDT respectively, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of IOST3S, BZRX3S, XLM3S, ALGO3S, CHZ3S, XRP5S, XTZ3S, FTM3S, EOS5S, FILECOIN3S, COMP3S, YFII3S, EOS4S, AKRO3S, VET3S, BAT3S and TOMO3S at 11:30 (UTC+8) on Fe 13.

The 10 shares of IOST3S, BZRX3S, XLM3S, ALGO3S, CHZ3S, XRP5S, XTZ3S, FTM3S, EOS5S, FILECOIN3S, COMP3S, YFII3S, EOS4S, AKRO3S, VET3S, BAT3S and TOMO3S  will be merged into 1 share respectively. Consequently, the net value per share of IOST3S, BZRX3S, XLM3S, ALGO3S, CHZ3S, XRP5S, XTZ3S, FTM3S, EOS5S, FILECOIN3S, COMP3S, YFII3S, EOS4S, AKRO3S, VET3S, BAT3S and TOMO3S 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.

Learn more about leveraged ETF, please visit:

1. What is "Share Merging Mechanism"

2. Guide for Leverage ETF

3. Leveraged ETF Lecture

4. FAQ for Leveraged ETF

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Enjoying your trade on MXC.

The MXC team

Feb 13, 2021