About Reverse Token Split of TRXDOWN

In order to provide a better user experience, TRXDOWN will reverse the token split at a ratio of 100,000:1 at 11:00 on September 13, 2021 (East Eighth District Time). The entire process takes about 24 hours. The specific arrangements are as follows:

11:00, September 13, 2021 ( East Eighth District Time): Suspend TRXDOWN leveraged token trading, subscription and redemption functions, and automatically cancel all pending orders. Binance will immediately take a snapshot of the user’s TRXDOWN balance and reverse the token split at the ratio of 100,000 TRXDOWN (before the token reverse split) = 1 TRXDOWN (after the token reverse split).

September 14, 2021, 11:00 ( East Eighth District Time): Update the TRXDOWN balance and restore the TRXDOWN/USDT trading pair trading, subscription, and redemption functions.

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About Reverse Token Split

The reverse token split refers to the proportional reduction of the number of issued tokens and the increase of the nominal value of a single token.

Assuming that before the reverse token split, the total number of tokens issued by TRXDOWN is 100 billion, according to the ratio of 100,000:1, the total number of tokens issued by TRXDOWN after the reverse token split is 1 million.

Assuming that the user holds 1,000,000 TRXDOWN tokens before the reverse token split, according to the reverse token split ratio of 100,000:1, the user will hold 10 TRXDOWN tokens after the reverse token split.

In the process of reverse token splitting, any changes in the net value of tokens may be reflected in the NAV K-line chart of TRXDOWN. Please note that due to the ongoing reverse token splitting, the NAV candlestick chart may show the net value of the tokens may not be accurate and not for reference.

It is strongly recommended that all users who hold TRXDOWN tokens evaluate their holding risks in advance to avoid risks caused by market fluctuations during the reverse token split. It is recommended that users trade or redeem the tokens held in advance.

If a user holds TRXDOWN tokens after 11:00 on September 13, 2021 ( East Eighth District Time), Binance will use 100,000 TRXDOWN (before the token reverse split) = 1 TRXDOWN (after the token reverse split) The proportion of these tokens will be reversely divided, and the TRXDOWN token balance will be updated at 11:00 on September 14, 2021 ( East Eighth District Time). Due to unit restrictions, the balance of new TRXDOWN tokens after the reverse split of tokens will be updated to a maximum of 8 digits after the decimal point.

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