TradeXYZ confirms SPCX will not Rebase: the initial share capital amount was only for illustrative reference and has now been removed from the document

Odaily Planet Daily reports that TradeXYZ issued a statement on X regarding its SPCX pre-market contract product, stating that TradeXYZ's pre-market contracts are a type of perpetual contract based on price, tracking the market-implied expected price of Class A common stock (or common stock) on a per-share basis. The total number of shares and the company's market capitalization are not input parameters in the market rules, oracle pricing methods, or final conversion mechanisms.

Previously, the official documentation included some educational examples illustrating how users, with known or anticipated company market cap and total share count, could derive a "reasonable stock price." These examples were only meant to aid understanding of the background, but we received feedback that they could be easily misunderstood, so they have now been removed from the documentation.

TradeXYZ will not use, publish, or rely on any calculation benchmarks based on total share count or market cap in SPCX or any other XYZ markets. When SpaceX completes its IPO and sufficient external price data becomes available in the market, SPCX is expected to switch to a standard external oracle pricing mechanism. At that time, the contract price is expected to gradually converge toward the publicly traded market price after SpaceX's listing.