Notice of Delisting BURGER (BurgerCities) and SATS (SATS Ordinals) and Related Trading Pairs

I. Delisting Token

1. BURGER (BurgerCities) and its spot trading pair: BURGER/USDT
2. SATS (SATS Ordinals) and its perpetual contract trading pair: 1000SATSUSDT

II. Timeline

1. Trading Delisting: March 26, 2025, at 8:00 UTC
2. Deposit Suspension: April 2, 2025, at 8:00 UTC
3. Withdrawal Deadline: April 26, 2025, at 8:00 UTC

III. Delisting Details

1. Spot Trading

• BitradeX will suspend trading for BURGER/USDT on March 26, 2025, at 8:00 UTC. All pending orders will be automatically canceled at that time.
• Users must complete transactions and withdraw assets before delisting.

2. Perpetual Contracts

• BitradeX will automatically liquidate the 1000SATSUSDT perpetual contract on March 26, 2025, at 8:00 UTC and delist the trading pair post-liquidation. No new positions may be opened for this contract after 7:30 UTC on March 26, 2025.
• To protect user interests and mitigate risks during extreme market conditions, BitradeX may implement additional safeguards for the 1000SATSUSDT perpetual contract without prior notice. These include but are not limited to:
  • Adjusting leverage and margin requirements (e.g., maximum leverage tiers, position limits, maintenance margin rates).
  • Modifying funding rates (e.g., base interest rate, premium index, rate caps).
  • Updating price index components or activating Last Price Protection to recalibrate mark prices.

IV. Key Notes

1. Users must manage and transfer assets before the specified deadlines.
2. After delisting, USD valuations for the affected tokens will no longer be displayed in wallets.
3. BitradeX may convert delisted tokens to stablecoins on behalf of users after 8:00 UTC on March 26, 2025.
   1. Note: The exchange rate for conversions is not guaranteed.
   2. Stablecoins will be credited to user accounts post-conversion. A separate notice will be issued if this option is activated.