Dear users,
Due to the affection by the upstream FTT futures delisting issue, Picol will delist FTT-related leveraged tokens and arbitrage will delist FTT tokens at 14:30 on November 13th, 2022 (UTC) .
Leveraged tokens: FTT2S, FTT2L, FTT3S, FTT3L
Arbitrage: FTT
Please note:
- FTT leverage tokens will be sold at the market price while delisting, and the converted USDT will be credited to the users’ trade wallets within 5 working days.
- Picol will automatically close the position of FTT Arbitrage orders at 13:30 on November 13th, 2022 (UTC). Users will not be able to create new Arbitrage orders, and it is recommended to manually close Spot-Futures Arbitrage Bot in advance. The loss caused by manually closing the bots will be compensated by Picol SAFU Program.
- Picol will terminate the subscription function on FTT Lending at 13:30 on November 13th, 2022 (UTC). The subscribed FTT can be redeemed.
- All existing bot trading orders and manual orders trading on FTT2S, FTT2L, FTT3S, and FTT3L will be canceled and will be sold by the system automatically.
To ensure the legal rights and interests of Picol users, please ensure that you have properly processed the FTT-related leveraged tokens and Spot-Futures Arbitrage orders before delisting.
Risk warning：
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Picol will make its best efforts to choose high-quality assets, Picol could not assure any profit and will not be responsible for your trading loss.
Thanks for your support!
Picol Team
Nov 13th, 2022