Pricey KuCoin Customers,
To offer a greater buying and selling revel in for our customers, KuCoin will merge the stocks of the leveraged tokens LUNA3L at a ratio of 100,000:1 at 14:20 on Would possibly 11, 2022 (UTC).
The association main points are as follows:
1. Suspension of Subscription and Redemption
At 13:45 on Would possibly 11, 2022 (UTC), we can droop the subscription and redemption of LUNA3L. The subscription and redemption orders that experience already been implemented may not be affected.
2. The Merger of Leveraged Tokens LUNA3L
At 14:20 on Would possibly 11, 2022 (UTC), we can droop the buying and selling of LUNA3L/USDT. All current industry orders might be canceled. We will be able to then take a snapshot of LUNA3L balances in customers’ accounts and merge the stocks of LUNA3L at a ratio of 100,000 LUNA3L = 1 LUNA3L.
At 17:00 on Would possibly 11, 2022 (UTC), new LUNA3L balances might be up to date, and we can open the buying and selling for LUNA3L/USDT. The subscription and redemption purposes for LUNA3L can be opened presently.
We will be able to publish an additional announcement to tell customers when buying and selling, subscription, and redemption will resume after the merger of LUNA3L is done.
Thank you in your toughen!
The KuCoin Crew
Chance Caution：Leveraged Tokens funding (industry) is a dangerous one. By means of buying and selling KuCoin Leveraged Tokens or the usage of similar services and products of KuCoin Leverage Tokens, you might be deemed to have totally understood the dangers of KuCoin Leveraged Tokens and agreed to think all duties of all and similar buying and selling or non-trading behaviours concerned for your KuCoin account. KuCoin may not be prone to you for any loss that would possibly stand up out of your use of Leveraged Tokens.
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