KuCoin Will Merge the FTM3S and SOL3S Leverage Tokens
11/17/2023, 16:15:49
Dear KuCoin Users,
To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged tokens FTM3S and SOL3S.
The details are as follows:
| Date | Leveraged Tokens | Ratio |
| At 07:00 on Nov 22, 2023 (UTC) | FTM3S | 100,000:1 |
| At 07:00 on Nov 24, 2023 (UTC) | SOL3S | 100,000:1 |
1. Suspension of Subscription and Redemption
We will suspend the subscription and redemption of FTM3S at 11:00 on Nov 21, 2023 (UTC), and suspend the subscription and redemption of SOL3S at 11:00 on Nov 23, 2023 (UTC). The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Tokens FTM3S
At 07:00 on Nov 22, 2023 (UTC), we will suspend the trading of FTM3S/USDT. All existing trade orders are cancelled. We then take a snapshot of the FTM3S balance in the user's account and combine the FTM3S shares in the ratio of 100,000 FTM3S = 1 FTM3S.
It is expected that the merger of the leveraged token FTM3S will be completed at 11:00 (UTC) on Nov 22, 2023. If the merger is completed ahead of schedule, we will open the trading for FTM3S/USDT. The subscription and redemption functions for FTM3S will also be opened at this time.
3. The Merger of Leveraged Tokens SOL3S
At 07:00 on Nov 24, 2023 (UTC), we will suspend the trading of SOL3S/USDT. All existing trade orders are cancelled. We then take a snapshot of the SOL3S balance in the user's account and combine the SOL3S shares in the ratio of 100,000 SOL3S = 1 SOL3S.
It is expected that the merger of the leveraged token SOL3S will be completed at 11:00 (UTC) on Nov 24, 2023. If the merger is completed ahead of schedule, we will open the trading for SOL3S/USDT. The subscription and redemption functions for SOL3S will also be opened at this time.
If a large price fluctuation occurs, we will postpone the merger accordingly and notify you via the announcement.
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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