Due to the net value of DOGE3S and DOGE4S products was lower than 0.05USDT, the merger mechanism was triggered automatically. Hence we have merged the shares of DOGE4S products at 12:40 on April 16th. Please refer to the announcement here: MXC Will Merge the Shares of CRV3S, BSV4S, DOGE3S, DOGE4S, QTUM3S, ETC3S & ETH4S Leveraged ETF
Besides, because of the large amount of purchases of DOGE3S and DOGE4S, the net value deviated greatly from the market price. Some users traded it without taking the net value price as a reference, resulting in losses eventually.
To protect users' best interests, MXC decided to activate the MXC Investor Protection Fund to provide airdrops to affected users. The specific details is as follows:
- Trade DOGE3S between 09:00 - 12:42, April 16 (UTC+8), entitle to full amount of trade deficit
- Trade DOGE4S between 09:00 - 12:45, April 16 (UTC+8), entitle to full amount of trade deficit
- Users who trade DOGE3S and DOGE4S with a profit during the above-mentioned time period will not be affected, and the hedging loss will be borne by MXC.
We have now completed the airdrops to affected users. Please refer to spot account for the airdrop balance. MXC will continuously be assisting affected users, feel free to reach out to our customer support.
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