KuCoin Will Merge the DOT3L and APE3L Leverage Tokens
Dear KuCoin Users,
To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged tokens DOT3L and APE3L.
The details are as follows:
| Leveraged Token | Date (UTC) | Ratio |
| DOT3L | At 02:00 on April 18, 2024 | 100,000:1 |
| APE3L | At 02:00 on April 19, 2024 | 100,000:1 |
1. Suspension of Subscription and Trading
We will suspend the subscription and trading of DOT3L/USDT at 12:00 on April 17, 2024 (UTC). The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Token DOT3L
At 02:00 on April 18, 2024 (UTC), all existing trade orders will be canceled. We will then take a snapshot of the user's DOT3L balance and combine the DOT3L shares at a ratio of 100,000 DOT3L : 1 DOT3L.
It is expected that the merger of the leveraged token DOT3L will be completed at 05:00 on April 18, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for DOT3L/USDT accordingly. The subscription and redemption functions for DOT3L will also be opened at this time.
3. Suspension of Subscription and Trading
We will suspend the subscription and trading of APE3L/USDT at 12:00 on April 18, 2024 (UTC), The subscription and redemption orders that have already been applied will not be affected.
4. The Merger of Leveraged Token APE3L
At 02:00 on April 19, 2024 (UTC), all existing trade orders will be canceled. We will then take a snapshot of the user's APE3L balance and combine the APE3L shares at a ratio of 100,000 APE3L : 1 APE3L.
It is expected that the merger of the leveraged token APE3L will be completed at 05:00 on April 19, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for APE3L/USDT accordingly. The subscription and redemption functions for APE3L will also be opened at this time.
Notes:
1. KuCoin is going to adjust the price increment unit (API symbol: PriceIncrement) of DOT3L/USDT and APE3L/USDT after the merger.
| Trading pair | Current price increment | New price increment |
| DOT3L/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| APE3L/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
2. For API users, please be noted that the adjustments of price increment may result in errors when you place orders. If your trading pair is included in the list above, please adjust parameters properly to ensure the smooth transaction.
Thanks for your support!
TheKuCoinTeam
Risk Warning：Leveraged Tokens investment (trade) is a risky one. By trading KuCoin Leveraged Tokens or using related services of KuCoin Leverage Tokens, you are deemed to have fully understood the risks of KuCoin Leveraged Tokens and agreed to assume all responsibilities of all and related trading or non-trading behaviours involved in your KuCoin account. KuCoin will not be liable to you for any loss that might arise from your use of Leveraged Tokens.
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