Dear LBank users,
To enhance the trading experience for our users, SAND5L，EOS5L，ALICE3L，SHIB5L，LOOKS5L，LTC5L，PEOPLE5L，SXP3L，DOT5L， AR3L will undergo a 1-for-1000 reverse token split. The process will commence at 09:00 (UTC) on June 12, 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 SAND5L (before) = 1 SAND5L (after)
Same as EOS5L，ALICE3L，SHIB5L，LOOKS5L，LTC5L，PEOPLE5L，SXP3L，DOT5L， AR3L
During the reverse split period, SAND5L，EOS5L，ALICE3L，SHIB5L，LOOKS5L，LTC5L，PEOPLE5L，SXP3L，DOT5L， AR3L will happen:
All existing orders will be automatically canceled, and trading will be temporarily suspended.
A snapshot of users' account balances will be taken.
Asset balances will be updated accordingly, and trading will resume.
Please check the updated SAND5L，EOS5L，ALICE3L，SHIB5L，LOOKS5L，LTC5L，PEOPLE5L，SXP3L，DOT5L， AR3L 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.
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.