Announcement on Merging the Shares of BTC3L Product in ETF Area
Dear users,
In response to market changes and optimize the trading experience, The BTC3L/USDT ETF product shares on their values will be converted by Hotcoin during 19:00-22:00 (GMT+8) on Sept.19th ,2022.
The previous 100 BTC3L currency shares will be migrated as 1 new BTC3L share, which means, the net values of that 1 new share equals to 100 times of the origin BTC3L net values .Net value conversion operations is based on the market price by that moment.
The new names, abbreviations, currency pairs will be in consistency of those origins before they’re converting.
Attention:
1.During the duration of merging the shares, trading of those currencies mentioned above will be suspended, other currency pairs are not affected.
2.Before the asset converting operations, users who are opening orders of the currency pairs mentioned aboved shall be withdrawing all of the orders in advanced, if users did not withdraw those currency pairs, system will be automatically revoked all of the orders, relevant assets will be returned to user account.
3.After the asset conversion is completed, currency pairs will have a price rise in values dramatically , which is the normal situation.
4.After the asset conversion is completed, User assets will have the normally change due to market fluctuations during the merge operation.
Example:
During the asset merging period, the user is holding 10000 BTC3L shares, with net values of each share of 0.010000, and a total amount of 100 USDT. After the merging operation, he will holding 100 BTC3L shares and the total amount remains the same, with net values of each share of 1.000000, which is still 100 USDT.
Thanks for your supporting and trusting to Hotcoin!
Hotcoin
Sept.19th,2022
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Hotcoin reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.