As the unit price of leveraged ETF products CELO3L, ETH5L, GLMR3L, ICP3L, MOB3L, NEAR5L, XRP5L, AAVE3L, ADA3L, BTC3L, EOS3L, and ETH3L has triggered the BigONE leveraged ETF share merging mechanism. In order to improve the effectiveness of the price, we will initiate the merge on 20 June 2022 at 23:30 (GMT+8), and the shares of CELO3L, ETH5L, GLMR3L, ICP3L, MOB3L, NEAR5L, XRP5L, AAVE3L, ADA3L, BTC3L, EOS3L, and ETH3L will be merged separately. After the merge, the total assets of users will not be affected in any way.

The name, abbreviation, and transaction pair of the new share are the same as before the merge.

  • The original 1,000 shares of CELO3L, GLMR3L, ICP3L, MOB3L, NEAR5L, XRP5L, AAVE3L, ADA3L, BTC3L, EOS3L, and ETH3L with the new share of the net value 1,000 times the original share. The net value conversion will be based on the net value at the time of the merge.
  • The original 10,000 shares of ETH5L with the new share of the net value 10,000 times the original share. The net value conversion will be based on the net value at the time of the merge.

Example:

At the time of the merge, David held 1,000 CELO3L, each with a net value of 0.0018704 and a total amount of 1.8704 USDT. After the merge, David holds 1 CELO3L, each with a net value of 1.8704, and the total amount remains unchanged at 1.8704 USDT.

Note:
1. During the merge, we will stop the transaction of the currency pair asset half an hour in advance (the merger process is expected to be 1 hour), and other currency pair transactions will not be affected.
2. Before the merge, all users who have pending orders for the currency pairs above are requested to withdraw their orders in advance. If the orders are not withdrawn, the system will automatically cancel all orders and the relevant assets will be returned to the account.

Leveraged ETF product FAQ: https://bigone.zendesk.com/hc/en-us/articles/900002710806

BigONE, more than just asset security.

Regards,
BigONE Team
20 June 2022