[Coinone] Notice of Designation as a Cautionary Trading Asset: KAI

Hello. This is Coinone. Coinone has strictly reviewed each virtual asset to support trading in order to create a sound virtual asset ecosystem.

'Policy on Designation as a Cautionary Trading Asset and Termination of Trading Support' provides that we inform you of the designation of KAI Chain (KAI) as a cautionary trading asset. Customers who hold the virtual asset should be sure to check this notice and refer to it when using our services.

Reason for designation as a cautionary trading asset: Regarding KAI Chain (KAI), when comprehensively considering the disclosure status and degree of important matters related to virtual assets, the transparency and rationality of procedures for changing important matters, and the status of trading and adoption, it was confirmed that there are many inadequate aspects and that there is a possibility of causing user harm. Therefore, to obtain explanatory materials regarding these matters and to prevent other user harm, this virtual asset will be designated as a cautionary trading asset for approximately 2 weeks.

Precautions⁃ When designated as a cautionary trading asset or when trading support is terminated, deposits of the virtual asset may be suspended. In this case, we will notify you via a separate notice.⁃ Coinone will decide, through a detailed review of the virtual asset, whether to extend or lift the designation as a cautionary trading asset or to terminate trading support. The designation period may be extended during the explanatory procedure and review process, and if the reasons for designation are not resolved, trading support may be terminated. In such cases, we will notify you via a separate notice.⁃ If you invest in a virtual asset designated as a cautionary trading asset, please exercise particular caution.

Coinone will continue to make its best efforts to ensure a sound and transparent virtual asset ecosystem. Thank you.

Coinone team

*This information is generated automatically.