[Coinone] Notice of Termination of Trading Support: NEST

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 'Designation of Items for Caution and Termination of Trading Support Policy', we are announcing the termination of trading support for Nest Protocol (NEST, Ethereum ERC20). Customers holding this virtual asset are advised to check this notice and refer to it for their use.

Reference materials: Notice of Designation of Items for Caution: NEST

Reason for termination of trading support: Nest Protocol (NEST) was designated as an item for caution as it was confirmed that there is a possibility of causing user damage when comprehensively considering the disclosure status and degree, the reality and sustainability of the business, etc., as important matters related to virtual assets were not disclosed and were arbitrarily changed without justifiable reasons as of January 10, 2025. After requesting explanatory materials from the Nest Protocol side and thoroughly reviewing them, no materials were found that could be considered to have resolved the reasons for designation as an item for caution. Therefore, to protect users, we are terminating trading support for Nest Protocol (NEST).

Key ScheduleTermination of trading support schedule: February 24, 2025 (Monday), 15:00Termination of withdrawal support schedule: March 26, 2025 (Wednesday), 15:00

Notes⁃ Deposits of the relevant virtual asset may be suspended when designated as an item for caution or when trading support is terminated. In this case, we will inform you through a separate notice.⁃ For virtual assets whose trading support has been terminated, the conversion to Korean Won value is not possible, and the travel rule applies in all cases. Therefore, you can withdraw after adding recipient information or receiving approval for an external wallet withdrawal address (whitelisting).⁃ All pending 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 relevant virtual asset before the termination of trading support schedule to enable withdrawal support after the termination of trading support.⁃ The termination period of trading support may be shortened due to 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 a withdrawal through the Coinone customer center. However, a certain fee may be incurred for withdrawals of virtual assets that are not supported for trading. (Related link) - Technical support such as mainnet changes, contract changes, airdrops, token swaps, network updates, etc., may be discontinued for virtual assets whose trading support has been terminated, and as a result, the value of the virtual asset may decrease or disappear. Please 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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