KuCoin Will Merge 5 Leverage Tokens
11/26/2024, 10:12:02
Dear KuCoin Users,
To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged tokens ADA3S, MANA3S, APE3S, TIADOWN and VET3S.
The details are as follows:
| Leveraged Token | Date | Ratio |
| ADA3S | 08:00 on November 27, 2024 (UTC) | 100,000:1 |
| MANA3S | 08:00 on November 27, 2024 (UTC) | 100,000:1 |
| APE3S | 02:00 on November 28, 2024 (UTC) | 100,000:1 |
| TIADOWN | 02:00 on November 28, 2024 (UTC) | 100,000:1 |
| VET3S | 02:00 on November 28, 2024 (UTC) | 100,000:1 |
1. Suspension of Subscription and Trading
We will suspend the subscription and trading of ADA3S/USDT and MANA3S/USDT at 12:00 on November 26, 2024 (UTC), The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Token ADA3S and MANA3S
At 08:00 on November 27, 2024 (UTC), all existing trade orders were canceled. We then take a snapshot of the ADA3S and MANA3S balance in the user's account and combine the ADA3S and MANA3S shares in the ratio of 100,000 = 1.
It is expected that the merger of the leveraged token ADA3S and MANA3S will be completed at 11:00 on November 27, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for ADA3S/USDT and MANA3S/USDT accordingly. The subscription and redemption functions for ADA3S and MANA3S will also be opened at this time.
3. Suspension of Subscription and Trading
We will suspend the subscription and trading of APE3S/USDT, TIADOWN/USDT and VET3S/USDT at 12:00 on November 27, 2024 (UTC), The subscription and redemption orders that have already been applied will not be affected.
4. The Merger of Leveraged Token APE3S, TIADOWN and VET3S
At 02:00 on November 28, 2024 (UTC), all existing trade orders were canceled. We then take a snapshot of the APE3S, TIADOWN and VET3S balance in the user's account and combine the APE3S, TIADOWN and VET3S shares in the ratio of 100,000 = 1.
It is expected that the merger of the leveraged token APE3S, TIADOWN and VET3S will be completed at 11:00 on November 28, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for APE3S/USDT, TIADOWN/USDT and VET3S/USDT accordingly. The subscription and redemption functions for APE3S, TIADOWN and VET3S will also be opened at this time.
Notes:
1. KuCoin is going to adjust the price increment unit (API symbol: priceIncrement) of ADA3S/USDT, MANA3S/USDT, APE3S/USDT, TIADOWN/USDT and VET3S/USDT after the merger.
| Trading pair | Current price increment | New price increment |
| ADA3S/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| MANA3S/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| APE3S/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| TIADOWN/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| VET3S/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!
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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