Kaito: Previously signed a market-making protocol with Web3Port, but terminated the cooperation before the exchange investigation in March.

ForesightNews · 2025-05-14T16:03:17+00:00

Kaito Al signed a market-making protocol with Web3Port on February 17, but voluntarily terminated the transaction on February 27. The protocol was intended to support the stability of the initial trading price, but within a week, Kaito sensed a deviation in Web3Port's execution and decided to swiftly terminate the project. This incident occurred before Web3Port received negative reports and exchange investigations, and the Kaito Foundation has never sold KAITO Token, always being a net buyer.

ForesightNews

2025-05-14 16:03:17

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Foresight News, Kaito Al issued a document disclosing that on February 17, Kaito signed a market-making agreement with Web3Port, and voluntarily terminated the transaction on February 27. The agreement is one of several market-making agreements entered into by Kaito around the February 20 TGE to support initial trading price stability. Within a week, Kaito sensed that Web3Port’s execution had deviated from its original intentions and quickly decided to terminate the project. This incident comes before the negative coverage of Web3Port in March and the subsequent exchange investigation. The Kaito Foundation has never sold a single KAITO token since TGE. In fact, the Kaito Foundation has been a net buyer of the token through an ongoing buyback program.

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