Kaito: Signed a market-making agreement with Web3Port, but terminated the cooperation after it was investigated by CEX

Odaily News Kaito posted on the X platform that Kaito and Web3Port had previously signed a market-making agreement, but voluntarily terminated the transaction on February 27. The agreement was one of several market-making agreements that Kaito reached before and after the TGE on February 20 to support the stability of the initial transaction price. In less than a week, Kaito felt that the execution of Web3Port 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 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 buyback program.