Regarding ETFs (EOS5S，LINK3S，VET3S，SRM3S，BCH3S，BCH5S) Reverse Split

The crypto leveraged ETF markets are traded 24/7, typically with great
fluctuations. Some leveraged ETFs are currently traded on Gate with
too small share value, which negatively impact the price precision and
trading simplicity. To improve users’ experience in trading ETFs,
Gate will conduct share merge for several leveraged ETFs on August
17, around 07:00 AM UTC. After this share merge, the number of ETF
shares held by users and the unit value per share will change, but the
total value of users’ holdings will not change (without considering
value changes caused by market fluctuations). Below you will find how we
will conduct the merge:

1. EOS5S will have a 1-for-100 reverse
   split. After the split is completed, the number of ETF shares held by
   users will become 1/100 that before the split , and the unit value will
   be 100 times that before the split.
   
2. LINK3S will have a 1-for-100
   reverse split. After the split is completed, the number of ETF shares
   held by users will become 1/100 that before the split , and the unit
   value will be 100 times that before the split.
   
3. VET3S will have a
   1-for-100 reverse split. After the split is completed, the number of ETF
   shares held by users will become 1/100 that before the split , and the
   unit value will be 100 times that before the split.
   
4. SRM3S will
   have a 1-for-100 reverse split. After the split is completed, the number
   of ETF shares held by users will become 1/100 that before the split ,
   and the unit value will be 100 times that before the split.
   
5. BCH3S
   will have a 1-for-100 reverse split. After the split is completed, the
   number of ETF shares held by users will become 1/100 that before the
   split , and the unit value will be 100 times that before the split.
   
6. BCH5S will have a 1-for-100 reverse split. After the split is
   completed, the number of ETF shares held by users will become 1/100 that
   before the split , and the unit value will be 100 times that before the
   split.
   
7. Before the reverse split, Gate will temporarily suspend these ETF trading markets and cancel any open orders.
   
8. After the reverse split is completed, Gate will resume these ETF
   trading markets. Please note, the price will fluctuate around the new
   unit value after the split. Users should pay close attention when
   placing their orders.
   
9. After the reverse split, the candlestick
   chart will have a leap. You may use split-adjusted functionalities to
   get a smooth chart.
   
   
   
   About Leveraged ETF
   
   The leveraged ETF
   product re-balances to a target leverage if a certain criterion is
   triggered. When it re-balances, profit will be used to expand the
   position while the loss will lead to decrease of the position. When
   trading with ETFs, you do not have to pay a margin. You can simply buy
   and sell it to enjoy increased exposure like you are trading with
   leverage. ETF products are managed and hedged in the perpetual contract
   market. We charge a management fee daily to compensate for the funding
   payment and trading fee which is incurred at perpetual contract markets.
   No extra funding fee is charged. By optimizing the fund management, the
   cost and risks for you to get leveraged exposure are significantly
   reduced.
   
   
   
   Risk Warning
   
   Digital currency prices are
   susceptible to high volatility, which is even more tangible for the
   leveraged ETF products. Therefore there is a risk to suffer amplified
   loss. Please fully understand the product and risks involved before
   trading. Furthermore, the change of an ETF product is not always about
   the target times of the underlying asset over a certain time span as the
   result of scheduled or irregular re-balancing. An ETF product is hedged
   in a perpetual contract market, the profit will expand the position and
   the loss will decrease the position, which will incur greater friction
   in a swinging market. Due to the rebalancing mechanism and the holding
   cost, the ETF is not suitable for long term holding. It has greater
   fluctuation and higher risk. Please be cautious. For more details,
   please read instructions about Leveraged ETFs at our Help Center.
   
   
   
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   Gate Team

   Aug 17, 2021