- At 2021-03-10 06:00 AM (UTC), we will suspend trading, subscription, and redemption of SXPDOWN tokens. All existing trade orders will be canceled. We will then take a snapshot of SXPDOWN balances in usersâ accounts and begin the reverse token split of SXPDOWN tokens at a ratio of 10,000 SXPDOWN (before the reverse split) = 1 SXPDOWN (after the reverse split).
- At 2021-03-11 06:00 AM (UTC), new SXPDOWN balances will be updated, and we will open trading for SXPDOWN/USDT. Subscription and redemption functions for SXPDOWN tokens will also be opened at this time.
Important Notes:
- During this 24-hour reverse token split process, any changes in net asset value (NAV) of SXPDOWN tokens might be reflected on SXPDOWNâs NAV K-line graph. Please be noted that the NAV of SXPDOWN might be incorrect due to the reverse token split process.
- It is strongly recommended for SXPDOWN token holders to re-assess their holding risk before the start of the reverse token split process to mitigate against the price fluctuations that may occur during the reverse token split process. Users are advised to trade or redeem their SXPDOWN tokens into USDT before the start of the reverse token split process. For more information, please refer to this guide: About Binance Leveraged Tokens.
- If users are holding SXPDOWN tokens after 2021-03-10 06:00 AM (UTC), Binance will consolidate these tokens at a ratio of 10,000 SXPDOWN (before the reverse split) = 1 SXPDOWN (after the reverse split) and update the SXPDOWN tokens balances at 2021-03-11 06:00 AM (UTC) after the reverse token split is complete. Due to unit limitations, the new SXPDOWN balances will be updated up to 8 decimal places only.
- Users will have a 15-minute window after the reverse token split is complete to subscribe or redeem before trading resumes.
- The 24-hour time is based on our best estimates and may vary. We will post a further announcement to inform users when trading, subscription, and redemption will resume after the reverse token split is complete.