[Coinone] Notice of Termination of Trading Support: DAPP

Hello, this is Coinone.

Coinone has strictly reviewed each virtual asset to support trading in order to create a healthy virtual asset ecosystem.

In accordance with the 'Designation as a Cautionary Item and Termination of Trading Support Policy', we inform you of the termination of trading support for Pencil Protocol (DAPP, Ethereum ERC-20).

Customers holding the relevant virtual asset should read this notice carefully and refer to it when using our services.

* Reference: Notice of Designation as a Cautionary Item: DAPP

Reason for termination of trading support:

Pencil Protocol (DAPP) was designated as a cautionary item because there are multiple deficiencies when comprehensively considering the asset's use and purpose, the existence of the business, the disclosure and extent of important information related to the virtual asset, on-chain activity, trading and adoption status, etc., and it was confirmed that there is a possibility of user harm. Subsequently, we requested explanatory materials from Pencil Protocol and conducted a thorough review, but no materials were found that would justify that the reasons for designation as a cautionary item had been resolved. Therefore, to protect users, we will terminate trading support for Pencil Protocol (DAPP).

Key schedule

Trading support termination schedule: October 6, 2025 (Mon), 15:00

Withdrawal support end date: November 5, 2025 (Wed), 15:00

Notes

• When an asset is designated as a cautionary item or trading support is terminated, deposits of the asset may be suspended. In such cases, we will notify you through a separate announcement.

• For assets whose trading support has been terminated, conversion to KRW value is not possible and the Travel Rule applies in all cases. Therefore, you may need to enter additional recipient information or withdraw only after approving an external wallet withdrawal address (whitelisting).

• All unfilled orders after the trading support termination date will be canceled.

• Existing transaction history will be retained even after the withdrawal support end date.

• You must obtain a deposit wallet address for the relevant asset prior to the trading support termination date in order to be able to withdraw after the termination.

• The trading support termination schedule may be shortened due to legal or institutional requirements or the occurrence of special circumstances. In such cases, we will notify you via a separate announcement.

• Even after the withdrawal support period has passed, you may request a withdrawal through Coinone customer service. However, withdrawals of assets that are not supported for trading may incur certain fees. (Related link)

• Technical support for assets whose trading support has been terminated, such as mainnet changes, contract changes, airdrops, token swaps, and network updates, may be discontinued, which may cause the asset's value to decline or disappear. Please be sure to withdraw all assets within the withdrawal support period.

Coinone will continue to do its best to promote a healthy and transparent virtual asset ecosystem.

Thank you.

Coinone Team

*This information is automatically generated.