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Announcement on shares merger of SOL3S, DOT3S, KSM3S ETF

2021-06-04

Dear users,

WISEBITCOIN has anticipated huge market volatility for the past 24 hours.

WISEBITCOIN will conduct a merger of ETF shares without affecting users' experience.

As the net value of SOL3S, DOT3S, KSM3S have fallen to below 0.050 USDT, WISEBITCOIN shares merger mechanism was activated.

We will conduct the said merge of SOL3S, DOT3S, KSM3S ETF shares at 4:00, 4 June 2021 (UTC+8).

This will affect the number of ETF positions and its unit net value but the total value of position will not change.

The net value of the position may fluctuate during the shares merger period.

 

The specific rules are as follows:
1) The ratio of SOL3S, DOT3S, KSM3S ETF shares merger is 20:1. Users' holding will be reduced by 1/20 based on the last available amount while the net value per unit will increase by 20 times;
2) Before the shares merger, trading of SOL3S, DOT3S, KSM3S will be suspended and all pending orders will be cancelled;
3) Trading of SOL3S, DOT3S, KSM3S will resume after the shares merger is completed. Please note that when trading resumes, the market price may change significantly based on the new net value of the unit. Please be cautious of any price changes while placing an order;
4) After the shares are merged, K-line may change due to price changes.

 

Risk Disclaimer
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.

 

WISEBITCOIN

2021.06.04