On May 15th, Kaito posted on the X platform stating that Kaito had previously signed a market-making agreement with Web3Port, but voluntarily terminated the transaction on February 27th. This agreement was one of several market-making agreements reached by Kaito around the time of the TGE on February 20th, aimed at supporting the stability of the initial trading price. In less than a week, Kaito felt that Web3Port's execution had deviated from the original intention and quickly decided to terminate the project. This incident occurred before the negative reports on Web3Port in March and the subsequent investigation by the trading platform. Since the 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 buyback program.
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Kaito: Signed a market-making agreement with Web3Port, but terminated the cooperation after it was investigated by CEX
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