Hotbit Will Merge the Shares of Leveraged ETF Product RNDR1D5S | Hotbit DEX Announcements

Hotbit Will Merge the Shares of Leveraged ETF Product RNDR1D5S on May 21st, 2023

Dear respected users,
Since the net value of leveraged ETF product RNDR1D5S is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of RNDR1D5S at 02:20 PM UTC on May 21st, 2023.

Because the price will increase by 10X after the merger, the number of users' existing assets will be multiplied by 0.1, meanwhile, the 10 shares of RNDR1D5S will be merged into 1 share, consequently, the net value per share will be up 10 times and user's holding amount will be down to 1/10. In this connection, the user’s total assets will stay the same after the merging.

The net value conversion is based on the net balance at the time of the merger.

About leveraged ETF, for more details:
Leveraged ETF FAQ
What is merge?

Hotbit Team
May 21st, 2023

Details https://hotbit.zendesk.com/hc/en-us/articles/14742835159063