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

ChainCatcher news, Kaito Al posted on the X platform revealing that on February 17, Kaito signed a market-making agreement with Web3Port and voluntarily terminated the transaction on February 27.

This agreement was one of several market-making agreements Kaito reached around the TGE on February 20, aimed at supporting the stability of the initial trading price. Within less than a week, Kaito felt that Web3Port's execution deviated from the original intention and quickly decided to terminate the project.

This incident occurred before the negative reports about Web3Port and the subsequent exchange investigation in March. 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 an ongoing buyback program.