PANews reported on May 15 that Kaito posted on the X platform that on February 17, Kaito signed a market-making agreement with Web3Port and voluntarily terminated the transaction on February 27. The agreement was one of several market-making agreements reached by Kaito before and after the TGE on February 20, aimed at supporting the stability of the initial transaction price. 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 reports on Web3Port in March and the subsequent investigation of the trading platform. Since the TGE, the Kaito Foundation has never sold a single KAITO token. In fact, the Kaito Foundation has been a net buyer of the token through an ongoing repurchase program.
Kaito: Signed a market-making agreement with Web3Port, but terminated the cooperation before the latter was investigated by CEX
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