[Upbit] Notice Regarding Caution for Hifi Finance (HIFI)

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Hifi Finance (HIFI) has been designated as a token of caution by the Digital Asset Exchange Joint Consultative Body (DAXA). DAXA may take measures such as issuing cautions, designating tokens for special attention, or terminating trading support for investor protection purposes.

Please check the details below, especially if you hold this digital asset.

HIFI (Hifi Finance)

• Hifi Finance (HIFI) has announced a proposal for additional token issuance along with the release of Hifi v3 in February 2025. As the vote on this proposal passed on March 18, 2025, the maximum supply of Hifi Finance (HIFI) will increase. We advise members to be cautious of the potential increased price volatility of Hifi Finance (HIFI).

[Information on HIFI Additional Issuance]

• On February 26, 2025, the Hifi team released Hifi v3 and published a proposal regarding additional token issuance for the transition from v2 to v3 and the extension of contracts with the protocol developers.

• Reference: Proposal for HIFI v3 and additional issuance (https://medium.com/mainframe-bits-bobs/v3-proposal-adc59ff52713)

• The governance vote related to this will be conducted for one week from March 10, 2025, to March 17, 2025.

• Reference: Vote on HIFI v3 and additional issuance (https://www.tally.xyz/gov/hifi-dao/proposal/14)

• If the vote for v3 and additional issuance is approved, 25,000,000 HIFI will be additionally issued and unlocked over 21 months starting from March 2025.

• Total supply: 146,250,000 HIFI → 171,250,000 HIFI

• Upbit will maintain close communication with the Hifi team to ensure the safe protection of our members' assets, and if there are any additional changes or updates, we will provide further information through this notice.

The Digital Asset Exchange Joint Consultative Body (DAXA) member exchanges may take measures such as issuing cautions, designating tokens for special attention, or terminating trading support for investor protection. DAXA member exchanges review the digital assets they support, monitor market conditions, and will continue to implement investor protection measures through prompt information provision and response when situations requiring investor caution arise.

Upbit will always do its best to ensure safe trading for our members.

Thank you.

※ Virtual assets are high-risk products that may result in the loss of part or all of your investment.

*This information is automatically generated.