[Coinone] Notice of Designation as a Cautionary Trading Item: KAI (1919)

Hello. This is Coinone.Coinone has supported trading by strictly reviewing each virtual asset to create a healthy virtual asset ecosystem.

In accordance with the 'Policy on Designation of Cautionary Trading Items and Termination of Trading Support', we inform you of the designation of KaiChain (KAI) as a cautionary trading item. Customers holding the relevant virtual asset must check this notice and refer to it when using the service.

Reason for designation as a cautionary trading item: KaiChain (KAI) was found to have many deficiencies when comprehensively considering whether and how material matters related to the virtual asset are disclosed, the transparency and rationality of procedures for changing material matters, trading and adoption status, etc., and there is a possibility that users may suffer damages. Therefore, to receive explanatory materials regarding these matters and to prevent other user damages, the relevant virtual asset will be designated as a cautionary trading item for approximately two weeks.

Notes⁃ When designated as a cautionary trading item or when trading support is terminated, deposits of the relevant virtual asset may be suspended. In that case, we will notify you through a separate announcement.⁃ Coinone will determine whether to extend, lift the designation as a cautionary trading item, or terminate trading support through a thorough review of the relevant virtual asset. The designation period may be extended during the explanation procedure and review process, and if the reasons for designation are not resolved, trading support may be terminated. In that case, we will notify you through a separate announcement.⁃ Please exercise special caution when investing in virtual assets designated as cautionary trading items.

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

The Coinone Team

*This information is generated automatically.