Dear LBank users,
To enhance the trading experience for our users, LINA3S,AGLD3S,SOL5S,FTT3S,IOTX3S,PEOPLE5S,TOMO3S,SHIB5S,BAND3S,ICX3S will undergo a 1-for-1000 reverse token split. The process will commence at 01:00 (UTC) on April 13, 2023, and will take approximately three hours to complete. The total asset value users hold will remain unaffected by the reverse split.
Following the 1-for-1000 reverse split:
1000 LINA3S (before) = 1 LINA3S (after)
Same as AGLD3S,SOL5S,FTT3S,IOTX3S,PEOPLE5S,TOMO3S,SHIB5S,BAND3S,ICX3S
During the reverse split period, LINA3S,AGLD3S,SOL5S,FTT3S,IOTX3S,PEOPLE5S,TOMO3S,SHIB5S,BAND3S,ICX3S will happen:
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All existing orders will be automatically canceled, and trading will be temporarily suspended.
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A snapshot of users' account balances will be taken.
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Asset balances will be updated accordingly, and trading will resume.
Please check the updated LINA3S,AGLD3S,SOL5S,FTT3S,IOTX3S,PEOPLE5S,TOMO3S,SHIB5S,BAND3S,ICX3S assets in "Wallet → Spot" after the reverse split.
【Regarding Reverse Split】
When the leveraged token price falls below 0.01 USDT, LBank may implement a reverse token split to prevent any negative impact on users' trading experience. The precise price at which a reverse token split is triggered may vary depending on market conditions.
A reverse token split consolidates the existing number of issued tokens into a smaller quantity of proportionally more valuable tokens.
For instance, with a 1-for-1000 reverse split of BTC3L, if the price of BTC3L is 0.005 USDT and a user holds 1000 BTC3L before the reverse split, the user will possess 1 BTC3L valued at 5 USDT each after the reverse split. The total value of the user's BTC3L holdings will remain unchanged at 5 USDT before and after the reverse split.
Risk Warning:
Trading in the cryptocurrency market carries a substantial risk and may result in significant profits or losses. Exercise caution when trading. Although LBank strives to select high-quality assets, it cannot guarantee profits and will not be held responsible for any trading losses incurred.
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If you have problems, please contact LBank official email: service@lbank.info, and we will provide sincere, friendly and immediate service. We also welcome you to join LBank official English community to discuss the latest issue (Telegram): https://t.me/LBank_en.
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