SUSHIDOWN will undergo a 100,000-for-1 reverse token split.
SUSHIDOWN Reverse Split
In order to provide a better user experience, SUSHIDOWN will perform reverse token splitting at a ratio of 100,000:1 at 11:00 on September 23, 2021 (East Eighth District Time). The entire process takes about 24 hours. The specific arrangements are as follows:
September 23, 2021, 11:00 ( East Eighth District Time): Suspension of SUSHIDOWN leveraged token trading, subscription and redemption functions, and automatically cancels all pending orders. Binance will immediately take a snapshot of the user’s SUSHIDOWN balance and reverse the token split at the ratio of 100,000 SUSHIDOWN (before the token reverse split) = 1 SUSHIDOWN (after the token reverse split).
September 24, 2021, 11:00 ( East Eighth District Time): Update SUSHIDOWN balance and restore SUSHIDOWN/USDT trading pair trading and subscription and redemption functions.
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 SUSHIDOWN.
Please note that due to the ongoing reverse token split, the NAV candlestick chart may show the net value of the tokens may not be accurate and not for reference.
If a user holds SUSHIDOWN tokens after 11:00 on September 23, 2021 ( East Eighth District Time), Binance will charge 100,000 SUSHIDOWN (before the token reverse split) = 1 SUSHIDOWN (after the token reverse split) The proportion of these tokens will be reversely divided, and the SUSHIDOWN token balance will be updated at 11:00 on September 24, 2021 ( East Eighth District Time). Due to unit restrictions, the new SUSHIDOWN token balance after the reverse split of tokens will be updated to a maximum of 8 digits after the decimal point
Go to Binance’s Official Website
About reverse split of leveraged tokens
The reverse split of tokens refers to the proportional reduction of the number of issued tokens to increase the nominal value of a single token.
Assuming that before the reverse token split, the total number of tokens issued by SUSHIDOWN is 100 billion, according to the ratio of 100,000:1, the total number of tokens issued after the reverse split of SUSHIDOWN is 1 million.
Assuming that the user holds 1,000,000 SUSHIDOWN tokens before the reverse token split, according to the reverse token split ratio of 100,000:1, the user will hold 10 SUSHIDOWN tokens after the reverse token split.
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
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April 24, 2024
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