📣MXC Will Merge the Shares of TRB3L, TRX3L, BAND3L, DEFI3L, ZRX3L, DASH3L, BZRX3L and YFII3L Leveraged ETFs
Since the net value of leveraged ETF products TRB3L, TRX3L, BAND3L, DEFI3L, ZRX3L, DASH3L, BZRX3L and YFII3L are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of TRB3L, TRX3L, BAND3L, DEFI3L, ZRX3L, DASH3L, BZRX3L and YFII3L at 17:00 (UTC+8), October 2.
The 10 shares of TRB3L, TRX3L, BAND3L, DEFI3L, ZRX3L, DASH3L, BZRX3L and YFII3L will be merged into 1 share respectively. Consequently, the net value per share of TRB3L, TRX3L, BAND3L, DEFI3L, ZRX3L, DASH3L, BZRX3L and YFII3L will be up 10 times respectively, while the user's holding amount will be down to 1/10 respectively. In this connection, the user’s total asset will stay the same after the merging.
1. What is "Share Merging Mechanism:
https://support.mxc.me/hc/en-001/articles/3600409729312. Guide for Leverage ETF:
https://support.mxc-exchange.com/hc/en-001/articles/3600389860113. Leveraged ETF Lecture:
https://support.mxc-exchange.com/hc/en-001/categories/3600026405914. FAQ for Leveraged ETF:
https://support.mxc-exchange.com/hc/en-001/articles/360038484492