Announcement Regarding Share Consolidation of 10 ETF Products, including AVAX3S (231206)
Jarry
Last Update 2 năm trước
Dear users:
Due to the current low unit prices of some ETF products, which are below 0.01 USDT, in order to increase their price sensitivity and optimize the trading experience, we will conduct share consolidation operations on these ETF products on December 7, 2023, from 16:00 to 20:00 (UTC+8).
The list of ETF products to undergo share consolidation is as follows:
1.AVAX3S/USDT
2.SOL3S/USDT
3.NEAR3S/USDT
4.MATIC3S/USDT
5.GMT3S/USDT
6.EOS3S/USDT
7.BTC3S/USDT
8.AXS3S/USDT
9.ENJ3S/USDT
10.KNC3S/USDT
The original 100 shares of AVAX3S will be consolidated into 1 new share of AVAX3S. At the same time, the net asset value of the new share will be 100 times that of the original share. The net asset value conversion is based on the net asset value at the time of consolidation.
For example: During consolidation, if a user holds 10,000 shares of AVAX3S, with a net asset value of 0.010000 per share, the total amount is 100 USDT. After consolidation, they will hold 100 shares of AVAX3S, with a net asset value of 1.000000 per share, and the total amount will remain unchanged at 100 USDT.
The new share will have the same name, abbreviation, and trading pair as before.
Important notes:
1.During the share consolidation period, trading of the above pairs will be temporarily suspended, and other trading pairs will not be affected.
2.Before the share consolidation, all users with open orders for the above pairs are advised to cancel them in advance. If not canceled, the system will automatically cancel all orders, and related assets will be returned to the account.
3.If users have grid trading enabled for the above pairs, please terminate grid trading before share consolidation. If not terminated, the system will automatically terminate grid trading for the specified pairs, and related assets will be returned to the account.
4.After share consolidation, the above pairs may experience a multiple-fold increase, which is a normal phenomenon.
5.After share consolidation, user assets may experience normal fluctuations due to market conditions during the consolidation operation.
Please stay informed and take appropriate actions. Thank you for your support.
ZKE Team
December 6, 2023