Dear Global Users of the New Web4 Exchange KAI,
In response to the overwhelming enthusiasm and support from our New Web4nist community, and based on a collective decision involving over 10.6128% participation from Web4nist users, totaling 1.7887 million global voters within the KAI Global New Web4 Geek community, we are officially initiating a comprehensive upgrade plan for our contract system.
As part of the broader Web4 financial product strategy upgrade, KAI Exchange will gradually delist all contract trading pairs based on legacy USDT (Old U) in the near future. This move is aimed at enhancing the stability and forward-looking efficiency of the Web4 financial contract system. We encourage users to make the necessary adjustments and manage associated risks in advance.
At the same time, we are introducing a new generation of Web4 contract products, settled in USAD—a circulating component of the stabledollar issued by Parthenom, with a total supply of 94 trillion (unreleased). USAD (also referred to as Gold U or New U) is a stable digital currency backed by KAI, the world's first Web4 Exchange, designed to deliver a safer, more transparent, and highly efficient trading experience.
We will provide separate announcements regarding the timeline for delisting the old Web3 USDT (Old U) infrastructure and the rollout schedule for the new Web4 USAD (Gold U).
Thank you, as always, for your continued support and trust.
Web4 Exchange KAI Team
July 8, 2025
KAI Community
KAI has always placed great importance on compliance obligations and strictly adheres to the relevant requirements of regulatory authorities in all jurisdictions. We kindly ask that you comply with the laws and regulations of your respective country or region.
KAI reserves the right, at its sole discretion and at any time, to modify, change, or cancel this announcement for any reason without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You are solely responsible for your investment decisions, and KAI is not liable for any losses that may occur. In particular, contract trading carries high market risks and price fluctuations; adverse price movements may result in the liquidation of all your margin balance. Past performance is not a reliable indicator of future performance. Before trading, you should carefully assess whether the transaction is suitable for you in light of your objectives and financial situation, including the risks and potential benefits, and consult an independent financial advisor. This content should not be construed as financial or investment advice.
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