[Coinone] Notice of Designation as Cautionary Item: KAI

Hello. This is Coinone. Coinone has continuously supported the trading of each virtual asset through a strict review process in order to create a sound virtual asset ecosystem.

In accordance with the 'Designation and Delisting Policy for Cautionary Items,' we hereby announce the designation of Kai Chain (KAI) as a cautionary item. If you hold this virtual asset, please be sure to review this announcement for your reference.

Reason for Designation as Cautionary Item Kai Chain (KAI) has several deficiencies regarding whether or how important matters related to it are disclosed, the transparency and reasonableness of procedures for changes to important matters, the trading and adoption statuses, and other such factors. These deficiencies could potentially result in user harm. Therefore, in order to collect explanatory materials regarding these matters and to prevent possible user harm, this virtual asset will be designated as a cautionary item for approximately 2 weeks.

Notes ⁃ Deposits of this virtual asset may be suspended in the event of its designation as a cautionary item or the end of trading support. In such cases, we will provide a separate notice. ⁃ Through a thorough review, Coinone will decide whether to extend the designation period, remove the designation, or end trading support for this virtual asset. The designation period may be extended during the explanatory procedure and review process, and trading support may be terminated if reasons for designation are not resolved. In such cases, we will provide a separate notice. ⁃ Please exercise special caution when investing in virtual assets that have been designated as cautionary items.

Coinone will continue to do its utmost to foster a healthy and transparent virtual asset ecosystem. Thank you.

Coinone Team

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