Dear Mexo Users:
As the net value of leveraged ETF products XLM3S, LTC3S, and ONT3S has been lower than or close to 0.050 USDT, the leveraged ETF product share consolidation mechanism has been triggered.
We will carry out share consolidation operations on XLM3S, LTC3S, and ONT3S leveraged ETF products at around 3:00 am on May 10, 2021, which will affect the number of user ETF holdings and unit net value, but will not affect the total value of user holdings (regardless changes of operation in net value caused by fluctuations in the underlying price during the period). The specific operation rules are as follows:
1) The product share of XLM3S, LTC3S, and ONT3S will be merged at 20:1, and the user's holdings will be reduced to 1/20 of the previous amount, and the unit net value will increase by 20 times;
2) Before the share merger, the corresponding product market transactions will be suspended, and all orders in transit in the market will be cancelled;
3) After the shares are merged, the corresponding product market will be reopened for trading. It is estimated that the restart will be completed in about 30 minutes. Please be aware that after the market recovers, the market price will change significantly according to the new unit net value. Please pay attention to price changes when placing an order;
4) After the shares are merged, the K-line data will jump due to price changes.
Mexo Team
May 10, 2021
(Prior Mexo)