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

ForesightNews · 2025-05-15T02:37:07+00:00

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

ForesightNews

2025-05-15 02:37:07

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Foresight News reports that Kaito Al disclosed that on February 17, Kaito signed a market-making protocol with Web3Port and voluntarily terminated the trading on February 27. This protocol is one of several market-making agreements reached by Kaito around the TGE on February 20, aimed at supporting the stability of the initial trading price. In less than a week, Kaito felt that Web3Port’s execution deviated from its original intention and quickly decided to terminate the project. This incident occurred before negative reports about Web3Port in March and the subsequent investigation by the exchange. Since the TGE, the Kaito Foundation has never sold any KAITO Token. In fact, the Kaito Foundation has been a net buyer of this Token through a continuous buyback program.

KAITO-2,42%

PORT-3,87%

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