Announcement Regarding the Merger of Leveraged Tokens LUNA3L
Dear KuCoin Users,
To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged tokens LUNA3L at a ratio of 100,000:1 at 14:20 on May 11, 2022 (UTC).
The arrangement details are as follows:
1. Suspension of Subscription and Redemption
At 13:45 on May 11, 2022 (UTC), we will suspend the subscription and redemption of LUNA3L. The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Tokens LUNA3L
At 14:20 on May 11, 2022 (UTC), we will suspend the trading of LUNA3L/USDT. All existing trade orders will be canceled. We will then take a snapshot of LUNA3L balances in users’ accounts and merge the shares of LUNA3L at a ratio of 100,000 LUNA3L = 1 LUNA3L.
At 17:00 on May 11, 2022 (UTC), new LUNA3L balances will be updated, and we will open the trading for LUNA3L/USDT. The subscription and redemption functions for LUNA3L will also be opened at this time.
Tips:
We will post a further announcement to inform users when trading, subscription, and redemption will resume after the merger of LUNA3L is completed.
Thanks for your support!
The KuCoin Team
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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