KuCoin Will Merge the LINK3L, FTM3L and XRP3L Leverage Tokens
05/08/2024 16:51:22
Dear KuCoin Users,
To provide a better trading experience for our users, KuCoin will merge the shares of the leveraged tokens LINK3L, FTM3L and XRP3L.
The details are as follows:
| Leveraged Token | Date (UTC) | Ratio |
| LINK3L | At 02:00 on August 7, 2024 | 100,000:1 |
| FTM3L | At 02:00 on August 8, 2024 | 100,000:1 |
| XRP3L | At 02:00 on August 9, 2024 | 100,000:1 |
1. Suspension of Subscription and Trading
We will suspend the subscription and trading of LINK3L/USDT at 12:00 on August 6, 2024 (UTC). The subscription and redemption orders that have already been applied will not be affected.
2. The Merger of Leveraged Token LINK3L
At 02:00 on August 7, 2024 (UTC), all existing trade orders will be canceled. We will then take a snapshot of the user's LINK3L balance and combine the LINK3L shares at a ratio of 100,000 LINK3L : 1 LINK3L.
It is expected that the merger of the leveraged token LINK3L will be completed at 05:00 on August 7, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for LINK3L/USDT accordingly. The subscription and redemption functions for LINK3L will also be opened at this time.
3. Suspension of Subscription and Trading
We will suspend the subscription and trading of FTM3L/USDT at 12:00 on August 7, 2024 (UTC), The subscription and redemption orders that have already been applied will not be affected.
4. The Merger of Leveraged Token FTM3L
At 02:00 on August 8, 2024 (UTC), all existing trade orders will be canceled. We will then take a snapshot of the user's FTM3L balance and combine the FTM3L shares at a ratio of 100,000 FTM3L : 1 FTM3L.
It is expected that the merger of the leveraged token FTM3L will be completed at 05:00 on August 8, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for FTM3L/USDT accordingly. The subscription and redemption functions for FTM3L will also be opened at this time.
5. Suspension of Subscription and Trading
We will suspend the subscription and trading of XRP3L/USDT at 12:00 on August 8, 2024 (UTC), The subscription and redemption orders that have already been applied will not be affected.
6. The Merger of Leveraged Token XRP3L
At 02:00 on August 9, 2024 (UTC), all existing trade orders will be canceled. We will then take a snapshot of the user's XRP3L balance and combine the XRP3L shares at a ratio of 100,000 XRP3L : 1 XRP3L.
It is expected that the merger of the leveraged token XRP3L will be completed at 05:00 on August 9, 2024 (UTC). If the merger is completed ahead of schedule, we will open the trading for XRP3L/USDT accordingly. The subscription and redemption functions for XRP3L will also be opened at this time.
Notes:
1. KuCoin is going to adjust the price increment unit (API symbol: PriceIncrement) of LINK3L/USDT , FTM3L/USDT and XRP3L/USDT after the merger.
| Trading pair | Current price increment | New price increment |
| LINK3L/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| FTM3L/USDT | 8 digits 0.00000001 | 4 digits 0.0001 |
| XRP3L/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!
TheKuCoinTeam
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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