Expensive KuCoin Customers,
To offer a greater buying and selling enjoy for our customers, KuCoin will merge the stocks of the leveraged token MANA3L at a ratio of 100,000:1 at 06:30 on November 28, 2022 (UTC).
The association main points are as follows:
1. Suspension of Subscription and Redemption
At 03:40 on November 24, 2022 (UTC), we will be able to droop the subscription and redemption of MANA3L. The subscription and redemption orders that experience already been implemented might not be affected.
2. The Merger of Leveraged Token MANA3L
At 06:30 on November 28, 2022 (UTC), we will be able to droop the buying and selling of MANA3L/USDT. All current business orders can be canceled. We will be able to then take a snapshot of MANA3L balances in customers’ accounts and merge the stocks of MANA3L at a ratio of 100,000 MANA3L = 1 MANA3L.
At 08:30 on November 28, 2022 (UTC), new MANA3L balances can be up to date, and we will be able to open the buying and selling for MANA3L/USDT. The subscription and redemption purposes for MANA3L can also be opened right now.
If a big worth fluctuation happens, we will be able to delay the merger accordingly and notify you by way of the announcement.
Possibility Caution：Leveraged Tokens funding (business) is a dangerous one. Via buying and selling KuCoin Leveraged Tokens or the usage of similar products and services of KuCoin Leverage Tokens, you might be deemed to have absolutely understood the hazards of KuCoin Leveraged Tokens and agreed to think all tasks of all and similar buying and selling or non-trading behaviours concerned to your KuCoin account. KuCoin might not be vulnerable to you for any loss that would possibly rise up out of your use of Leveraged Tokens.
Thank you in your strengthen!
The KuCoin Staff
In finding The Subsequent Crypto Gem On KuCoin!
