ChainCatcher
ChainCatcher
KAITO-8.15%
šŸ’”Information Kaito had signed a market-making agreement with Web3Port but terminated the collaboration before the exchange investigation in March. Prior to the TGE, Kaito reached an agreement with Web3Port to support stable trading prices, but the execution deviated from the original intent, leading to termination. The Kaito Foundation has not sold any Kaito tokens and has conducted buybacks.
Kaito AI šŸŒŠ
Kaito AI šŸŒŠ
On February 17, Kaito entered into a market-making agreement with Web3Port and voluntarily terminated the deal on February 27. The agreement was one of several market-making agreements Kaito entered into around the February 20 TGE to support initial trading price stability. Within a week, Kaito felt that the execution by Web3Port was straying from the initial intent and Kaito made the swift decision to terminate it. This event predates the negative press and subsequent exchange investigations into Web3Port which started in March. Kaito Foundation has not sold a single KAITO token from the TGE and onward. In fact, Kaito Foundation has been a net buyer of the token through the ongoing buyback program.
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