- At 2021-09-08 03:00 AM (UTC), we will suspend trading, subscription, and redemption of XTZDOWN tokens. All existing trade orders will be canceled. We will then take a snapshot of XTZDOWN balances in usersâ accounts and begin the reverse token split of XTZDOWN tokens at a ratio of 100,000 XTZDOWN (before the reverse split) = 1 XTZDOWN (after the reverse split).
- At 2021-09-09 03:00 AM (UTC), new XTZDOWN balances will be updated, and we will open trading for XTZDOWN/USDT. Subscription and redemption functions for XTZDOWN 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 tokens might be reflected on XTZDOWNâs NAV K-line graph. Please be noted that the NAV of XTZDOWN might be incorrect due to the reverse token split process.
- It is strongly recommended for XTZDOWN 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 XTZDOWN 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 XTZDOWN tokens after 2021-09-08 03:00 AM (UTC), Binance will consolidate these tokens at a ratio of 100,000 XTZDOWN (before the reverse split) = 1 XTZDOWN (after the reverse split) and update the XTZDOWN tokens balances at 2021-09-09 03:00 AM (UTC) after the reverse token split is complete. Due to unit limitations, the new XTZDOWN 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.