Kaito: Previously entered into a Liquidity Provision Agreement with Web3Port, but terminated the partnership prior to the latter's investigation by a CEX

BlockBeats News, May 15, Kaito posted on social media that on February 17, Kaito entered into a liquidity provision agreement with Web3Port and voluntarily terminated the transaction on February 27.

This agreement was one of several liquidity provision agreements Kaito entered into around the TGE on February 20, aimed at supporting the initial trading price stability.

In less than a week, Kaito felt that Web3Port's execution deviated from the original intention and quickly decided to terminate the project.

This event occurred before the negative reports on Web3Port in March and the subsequent exchange investigation.

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.