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

2025-05-14 16:03

According to Foresight News, Kaito Al disclosed in a post that on February 17th, Kaito signed a market making agreement with Web3Port and voluntarily terminated trading on February 27th. This agreement is one of several market making agreements reached by Kaito around TGE on February 20th, aimed at supporting initial trading price stability. In less than a week, Kaito felt that the execution of Web3Port had deviated from its original intention and quickly decided to terminate the project. This incident occurred before the negative coverage of Web3Port in March and the subsequent exchange investigation. Since TGE, the Kaito Foundation has never sold any KAITO tokens. In fact, the Kaito Foundation has been a net buyer of the token through its ongoing repurchase program.

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