Dear Centurians,
In order to provide a better user experience, CIEX will merge some of the pairs ETF currencies between 16:00 and 20:00 on December 7th, 2023 (UTC+8).
The list of ETF products to be merged is as follows:
- AVAX3S/USDT
- SOL3S/USDT
- NEAR3S/USDT
- MATIC3S/USDT
- GMT3S/USDT
- EOS3S/USDT
- BTC3S/USDT
- AXS3S/USDT
- ENJ3S/USDT
- KNC3S/USDT
1. Arrangements are as follows:
- The 100 shares of AVAX3S will be merged into 1 share respectively. Consequently, the net value per share of AVAX3S will be up 100 times, while user's holding amount will be down to 1/100.
For example: At the time of merger, a user held 10,000 AVAX3S, the net value of each was 0.010000, and the total amount was 100 USDT. After the merger, he will hold 100 AVAX3S at a net value of 1.000000 each, with the total amount remaining unchanged at 100 USDT. The name, abbreviation and trading pair of the new shares are the same as before the merger. - Users will not be able to trade during the merging period. In order to reduce the risk of loss caused by currency price fluctuations on your positions, you can control the risk by selling in advance of the merging period.
2. FAQ
a. Why is CIEX merging currencies?
The mechanism is the same as that of other similar products on the market. When the current net value of ETF products is low, user transactions may be affected by accuracy issues. In order to provide a better and more accurate user experience, CIEX will choose a time when the net value is lower than 0.01USDT and consolidate related currencies in batches.
b. If merging doesn’t affect the total assets, why might my assets decrease?
The merging mechanism itself will not affect the total asset value, but the need for merging is often accompanied by market fluctuations. The net worth may change dramatically in a short period of time, so profits or losses may occur before or after the merger, as affected by market conditions.
c. For answers to more Frequently Asked Questions, visit:
https://learn.centurioninvest.com/knowledge
Risk Alert
As an emerging financial derivative, leveraged ETFs greatly reduce the risk of forced liquidation, but liquidation is still a risk under extreme market conditions. Please read the ETF tutorial announcement carefully before trading, and pay attention to risk control.
Thanks for your support!
The Centurion Invest Team