The Merger of Leveraged Token INJDOWN Postponed
10/28/2024, 18:19:16
Dear KuCoin Users,
KuCoin will merge the shares of the leveraged token INJDOWN at a ratio of 100,000:1, and the completion of the merger will be postponed to 02:00 on October 29, 2024 (UTC). (The trading of INJDOWN/USDT is available till merge starts.)
The arrangement details are as follows:
1. Suspension of purchase and redemption
At 12:00 on October 28, 2024 (UTC), we have suspended the subscription and redemption of INJDOWN. Subscription and redemption orders that have been applied for will not be affected.
2. The Merger of Leveraged Tokens INJDOWN
At 02:00 on October 29, 2024 (UTC), we have suspended the trading of INJDOWN/USDT. All existing trade orders are cancelled. We then take a snapshot of the INJDOWN balance in the user's account and combine the INJDOWN shares in the ratio of 100,000 INJDOWN = 1 INJDOWN.
It is expected that the merger of the leveraged token INJDOWN will be completed at 10:00 (UTC) on October 29, 2024. If the merger is completed ahead of schedule, we will open the trading for INJDOWN/USDT. The subscription and redemption functions for INJDOWN will also be opened at this time.
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 ofKuCoin 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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