[Coinone] Notice of Termination of Trading Support: DAD

Hello, this is Coinone. Coinone has been supporting trading by strictly reviewing each virtual asset to create a healthy virtual asset ecosystem.

In accordance with the 'Policy on Designation of Items for Caution and Termination of Trading Support', we are announcing the termination of trading support for DAD (Ethereum ERC20). Customers holding this virtual asset should check this notice and refer to it for use.

DAD has been decided to terminate trading support by the members of the Digital Asset eXchange Alliance (DAXA).

Reference: Notice on Designation of Items for Caution: DAD DAXA members can take measures such as urging caution, designating items for caution, and terminating trading support for user protection. Therefore, customers holding this virtual asset should check this notice and refer to it for use.

Reason for Termination of Trading Support: It was confirmed that there is a concern about user damage due to the arbitrary change of important matters related to virtual assets without disclosure and justifiable reasons on December 13, 2024, and when comprehensively considering the disclosure status and degree of important matters related to virtual assets, transparency of virtual asset operation, and the reality and sustainability of the business, there are many insufficient parts and it was confirmed that there is a possibility of causing user damage, so it was designated as an item for caution. After that, we requested explanatory materials from DAD and reviewed them thoroughly, but no materials were found to judge that the reason for designation as an item for caution was resolved. Therefore, to protect users, we terminate trading support for DAD.

Major Schedule Termination of Trading Support: January 30, 2025 (Thursday), 15:00 Termination of Withdrawal Support: March 1, 2025 (Saturday), 15:00

Precautions ⁃ When an item is designated for caution or trading support is terminated, the deposit of the virtual asset may be suspended. In this case, we will inform you through a separate notice. ⁃ For virtual assets whose trading support has been terminated, the value in KRW cannot be converted, and the travel rule applies in all cases. Therefore, you can withdraw after adding recipient information or getting approval for an external wallet withdrawal address (whitelisting). ⁃ All unfilled orders will be canceled collectively after the termination of trading support date. ⁃ Existing transaction history will be maintained even after the termination of withdrawal support schedule. ⁃ You must issue a deposit wallet address for the virtual asset before the termination of trading support schedule to enable withdrawal support even after the termination of trading support. ⁃ The termination period of trading support may be shortened due to the occurrence of legal or institutional requirements and special circumstances during the termination process. In this case, we will inform you through a separate notice. - Even after the withdrawal support period has passed, you can request withdrawal from Coinone Customer Center. However, a certain fee may be incurred for the withdrawal of virtual assets that are not supported for trading. (Related link) - For virtual assets whose trading support has been terminated, technical support such as mainnet changes, contract changes, airdrops, token swaps, and network updates may be suspended, and accordingly, the value of the virtual asset may decrease or disappear. Be sure to withdraw all virtual assets within the withdrawal support period.

Coinone will continue to make every effort to create a healthy and transparent virtual asset ecosystem. Thank you.

Coinone Team

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