KiiChain MiCAR White Paper

General information

No.	Field	Content
00	Table of contents	true
01	Date of notification	2026-03-10
02	Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114	This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
03	Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114	This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
04	Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114	The crypto-asset referred to in this white paper may lose its value in part or in full, may not always be transferable and may not be liquid.
05	Statement in accordance with Article 6(5), point (d)	The utility token referred to in this white paper may not be exchangeable against the good or service promised in the crypto-asset white paper, especially in the case of a failure or discontinuation of the crypto-asset project.
06	Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114	The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council. The crypto-asset referred to in this white paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
07	Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114	This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council (36) or any other offer document pursuant to Union or national law.
Summary
08	Characteristics of the crypto-asset	KiiChain (KII) tokens are crypto-assets classified as "crypto-assets other than asset-referenced tokens or e-money tokens" under MiCAR. KII functions as a utility token native to the KiiChain Layer 1 blockchain and is compatible with EVM environments. The tokens do not confer ownership, dividend rights, profit-sharing, or legal claims against the issuer. Instead, purchasers use KII to pay for network transaction fees (gas), secure the network through staking, access reduced trading fees on the KIIEX platform, and utilize the Real World Asset (RWA) protocol. These utility rights are exercised technically by interacting with the protocol’s smart contracts through compatible digital wallets. Specifically, governance rights are exercised by validators and delegators voting on-chain regarding protocol upgrades and parameters. The issuer cannot unilaterally modify the token's core functionalities or the attached rights; any such changes are subject to the project's decentralized on-chain governance process, which requires approval through voting by network participants.
09	Further information about utility tokens	The KII token functions as the native utility asset within the KiiChain ecosystem, granting access to a specific suite of blockchain-based services. Its primary utilities include: (i) Network Operations: KII is the exclusive currency for paying gas fees required for all on-chain transactions, smart contract deployments, and account creation; (ii) Security and Staking: The token is required for validators and delegators to stake and secure the network via the CometBFT consensus mechanism in return for rewards; (iii) Platform Benefits: Holders access reduced trading fees, discounted cash-in/cash-out rates, and priority liquidity on the KIIEX hybrid exchange; (iv) Protocol Usage: KII is used to pay fees for the KiiChain Real World Asset (RWA) protocol and to incentivize on-chain PayFi liquidity pools; and (v) Governance: The token enables participation in voting on protocol updates and ecosystem development. Regarding transferability, while the token is generally transferable at the protocol level, allocations for founders and team members are subject to contractual lock-up and vesting schedules ranging from 12 to 24 months. Furthermore, transferability and utility access may be restricted by individual trading platforms or within jurisdictions subject to sanctions (e.g., OFAC) or local regulatory prohibitions.
10	Key information about the offer to the public or admission to trading	No offer of KiiChain (KII) tokens is being made to the public for fundraising purposes in connection with this disclosure. The token is already issued and in circulation. Consequently, there are no targeted subscription goals, issue prices, or subscription periods applicable to this document. KiiChain (KII) is being admitted to trading to increase accessibility for European users, improve liquidity on secondary markets, and ensure regulatory compliance. Admission to trading is being sought on multiple trading platforms, including Kraken, OKX, Bitpanda, Bitvavo, Coinbase, Kucoin, Gate.io, and Bybit. No crypto-asset service provider has been appointed to place the token on a firm commitment or best-effort basis.

No.

Field

Content

Table of contents

true

Date of notification

2026-03-10

Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114

This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper.

Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114

This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.

Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114

The crypto-asset referred to in this white paper may lose its value in part or in full, may not always be transferable and may not be liquid.

Statement in accordance with Article 6(5), point (d)

The utility token referred to in this white paper may not be exchangeable against the good or service promised in the crypto-asset white paper, especially in the case of a failure or discontinuation of the crypto-asset project.

Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114

The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council. The crypto-asset referred to in this white paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.

Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114

This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council (36) or any other offer document pursuant to Union or national law.

Summary

Characteristics of the crypto-asset

KiiChain (KII) tokens are crypto-assets classified as "crypto-assets other than asset-referenced tokens or e-money tokens" under MiCAR. KII functions as a utility token native to the KiiChain Layer 1 blockchain and is compatible with EVM environments. The tokens do not confer ownership, dividend rights, profit-sharing, or legal claims against the issuer. Instead, purchasers use KII to pay for network transaction fees (gas), secure the network through staking, access reduced trading fees on the KIIEX platform, and utilize the Real World Asset (RWA) protocol. These utility rights are exercised technically by interacting with the protocol’s smart contracts through compatible digital wallets. Specifically, governance rights are exercised by validators and delegators voting on-chain regarding protocol upgrades and parameters. The issuer cannot unilaterally modify the token's core functionalities or the attached rights; any such changes are subject to the project's decentralized on-chain governance process, which requires approval through voting by network participants.

Further information about utility tokens

The KII token functions as the native utility asset within the KiiChain ecosystem, granting access to a specific suite of blockchain-based services. Its primary utilities include: (i) Network Operations: KII is the exclusive currency for paying gas fees required for all on-chain transactions, smart contract deployments, and account creation; (ii) Security and Staking: The token is required for validators and delegators to stake and secure the network via the CometBFT consensus mechanism in return for rewards; (iii) Platform Benefits: Holders access reduced trading fees, discounted cash-in/cash-out rates, and priority liquidity on the KIIEX hybrid exchange; (iv) Protocol Usage: KII is used to pay fees for the KiiChain Real World Asset (RWA) protocol and to incentivize on-chain PayFi liquidity pools; and (v) Governance: The token enables participation in voting on protocol updates and ecosystem development. Regarding transferability, while the token is generally transferable at the protocol level, allocations for founders and team members are subject to contractual lock-up and vesting schedules ranging from 12 to 24 months. Furthermore, transferability and utility access may be restricted by individual trading platforms or within jurisdictions subject to sanctions (e.g., OFAC) or local regulatory prohibitions.

Key information about the offer to the public or admission to trading

No offer of KiiChain (KII) tokens is being made to the public for fundraising purposes in connection with this disclosure. The token is already issued and in circulation. Consequently, there are no targeted subscription goals, issue prices, or subscription periods applicable to this document. KiiChain (KII) is being admitted to trading to increase accessibility for European users, improve liquidity on secondary markets, and ensure regulatory compliance. Admission to trading is being sought on multiple trading platforms, including Kraken, OKX, Bitpanda, Bitvavo, Coinbase, Kucoin, Gate.io, and Bybit. No crypto-asset service provider has been appointed to place the token on a firm commitment or best-effort basis.

Part A - Information about offeror or person seeking admission to trading

No. Field Content

A.1Name

Kii Global SAS

A.2Legal form

N/A

A.3Registered address

N/A

A.4Head office

N/A

A.5Registration date

2021-03-25

A.6Legal entity identifier

98450001TBB7CBB78775

A.7Another identifier required pursuant to applicable national law

901470651-9

A.8Contact telephone number

+57 6016230763

A.9E-mail address

compliance@kiiglobal.io

A.10Response time (Days)

A.11Parent company

N/A

A.12Members of the management body

Identity	Business Address	Function
Danyel Arenas	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CEO
Alex Cavallero	Cl 93b #13-42 oficina 308, Bogotá, Colombia	COO
Jhelison Uchoa	Cl. 93 #13-42 oficina 308, Chapinero, Bogotá, Colombia	CTO
Sandra Viviana Trujillo	Cl 93b #13-42 oficina 308, Bogotá, Colombia	CCO
Nicolas Rodriguez	Calle 93 # 13 42 oficina 308 Bogota Colombia	CMO

A.13Business activity

Kii Global SAS is a blockchain company dedicated to delivering high-performance, interconnected, and secure blockchain solutions to serve as a driver for economic development in emerging markets. The company's core business activities include the development and operation of the KiiChain layer-1 blockchain and its hybrid centralized-decentralized exchange (KIIEX) dedicated for on-chain FX orchestration and last mile payments. Kii Global operates globally, with a strategic focus on addressing the economic and financial infrastructure needs of emerging markets, particularly in Latin America.

A.14Parent company business activity

N/A

A.15Newly established

true

A.16Financial condition for the past three years

Funding and Capitalization:

The company's initial share capital is EUR 388,215.30.

The Foundation is sufficiently self-funded with internal investment. The KII token has a fully diluted value as of March 5th, 2026 of approximately 190,000,000.

Financial Statement Summary (by Year):

For 2022 (unaudited):
- Turnover (Revenue): EUR 0.00
- Profit/Loss: EUR -102,366.94 – Loss
- Total Assets: EUR 303,014.36
- Liquid Assets: EUR 213,304.64
- Total Liabilities: EUR 403,433.11
For 2023 (unaudited):
- Turnover (Revenue): EUR 536,489.67
- Profit/Loss: EUR -265,234.31 – Loss
- Total Assets: EUR 1,358,914.44
- Liquid Assets: EUR 236,797.69
- Total Liabilities: EUR 1,342,873.02
For 2024 (unaudited):
- Turnover (Revenue): EUR 121,068.17
- Profit/Loss: EUR -407,536.20 – Loss
- Total Assets: EUR 1,905,875.033
- Liquid Assets: EUR 178,326.84
- Total Liabilities: EUR 2,298,577.18

A.17Financial condition since registration

N/A

Part B - Information about issuer, if different from offeror or person seeking admission to trading

No. Field Content

B.1Issuer different from offeror or person seeking admission to trading

false

B.2Name

N/A

B.3Legal form

N/A

B.4Registered address

N/A

B.5Head office

N/A

B.6Registration date

N/A

B.7Legal entity identifier

N/A

B.8Another identifier required pursuant to applicable national law

N/A

B.9Parent company

N/A

B.10Members of the management body

N/A

B.11Business activity

N/A

B.12Parent company business activity

N/A

Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114

No. Field Content

C.1Name

N/A

C.2Legal form

N/A

C.3Registered address

N/A

C.4Head office

N/A

C.5Registration date

N/A

C.6Legal entity identifier

N/A

C.7Another identifier required pursuant to applicable national law

N/A

C.8Parent company

N/A

C.9Reason for crypto-asset white paper preparation

N/A

C.10Members of the management body

N/A

C.11Operator business activity

N/A

C.12Parent company business activity

N/A

C.13Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114

N/A

C.14Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114

N/A

Part D - Information about the crypto-asset project

No. Field Content

D.1Crypto-asset project name

KiiChain

D.2Crypto-assets name

KiiChain

D.3Abbreviation

KII

D.4Crypto-asset project description

KiiChain is a onchain FX orchestration layer built for stablecoins and real-world assets. It seamlessly melds with prevailing payment infrastructures, aiming to eliminate traditional time barriers to FX and payments while reducing exorbitant costs. Unlike other monolithic blockchain layers, KiiChain is purpose-built for emerging markets and “last mile” integrations into local economies, breathing life into previously liquidity-constrained sectors that cannot financially communicate with the rest of the world.

KiiChain blends EVM compatibility with multi-chain connectivity to create a network that is highly interoperable, scalable and easy to use. The blockchain rides on the back of the CometBFT consensus mechanism built with the Cosmos SDK, a testament to its decentralization and commitment to achieve lightning-fast finality and minuscule network fees. In conjunctions with a suite of custom built modules, KiiChain provides FX prices, onchain routing and finality and provides a trustless trading payment environment for FX using stablecoins.

KiiChain powers its native app, Kii, a 24/7 onchain FX app designed for cross-border payments and trading, bringing institutional liquidity and immediate settlement to the most popular FX and RWA pairs using non-dollar stablecoins. At the core of Kii is a hybrid decentralized-centralized exchange that is able to source onchain liquidity across any blockchain ecosystem while using centralized pricing to hedge and rebalance onchain positions. The result is an ultra-liquid layer that can operate 24/7 on certain pairs that only have liquidity during traditional business hours. Kii takes advantage of a robust underlying banking infrastructure if all of its supported territories.

Given the technical nature of the KiiChain project, a glossary has been included in this section of the MiCAR whitepaper to clarify the key terms and concepts used throughout the MiCAR whitepaper.

Cosmos SDK

The modular open-source framework toolkit for building Layer 1 Blockchains, like KiiChain, structured as a collection of composable modules, staking, governance, IBC, and more, that share a common runtime and state store. KiiChain extends this foundation with custom modules (Oracle, PayFi, TokenFactory, Utility Rewards) purpose-built for financial services, without giving up native Cosmos interoperability.

CometBFT Consensus Mechanism

The Byzantine Fault Tolerant (BFT) engine that coordinates block production across KiiChain's validator set. Unlike proof-of-work chains where finality is probabilistic, CometBFT uses round-based validator voting to achieve deterministic finality, a block is permanently committed the moment a two-thirds supermajority of validators sign it, making transaction reversal cryptographically impossible.

ABCI (Application Blockchain Interface)

The interface that connects KiiChain's application logic to its CometBFT consensus engine. It defines a standard set of message types like DeliverTx and EndBlock so developers can build blockchain state machines in any programming language, decoupling what the chain decides from how the network reaches agreement.

CosmWasm (Wasm) Module

KiiChain's WebAssembly-based smart contract execution environment, where contracts are primarily written in Rust and compiled to sandboxed Wasm binaries that run deterministically on every node. Compared to the EVM, CosmWasm offers Rust's memory-safety guarantees, a reduced attack surface, and on-chain contract migration via governance, making it well-suited for regulated financial products.

Devnet / Testnet / Mainnet

The three deployment environments marking KiiChain's development lifecycle. Devnet is a private, permissioned network for internal protocol testing and breaking changes. Testnet (Kii Testnet Oro) is a public staging environment with valueless faucet tokens, open to validators, developers, and community members for realistic integration testing. Mainnet is the live production network where KII holds real economic value, validators earn real rewards, and all transactions are permanently recorded on-chain.

EVM (Ethereum Virtual Machine) Compatibility

KiiChain's embedded EVM layer executes Solidity and Vyper smart contracts natively, exposing standard Ethereum JSON-RPC endpoints so developers can use familiar tooling like Hardhat, Foundry, and MetaMask without modification. Crucially, EVM contracts on KiiChain can access native Cosmos features — including IBC transfers and the Oracle price feeds, that are unavailable on Ethereum itself.

EVM Gas Fee Abstraction

A mechanism that decouples transaction fee payment from the native KII token, allowing users to pay gas in stablecoins or other whitelisted assets instead. For consumer-facing applications like merchant checkout or cross-border payments, this removes a critical onboarding barrier, users holding only dollar-pegged stablecoins can transact on-chain without ever acquiring KII.

Finality

The point at which a transaction is cryptographically irreversible and fully settled. KiiChain's CometBFT consensus delivers single-slot deterministic finality in seconds, unlike proof-of-work chains where "finality" is a probabilistic estimate that can take minutes. For payment and FX settlement use cases, this means funds are provably received with no risk of reorganization.

IBC (Inter-Blockchain Communication) Protocol

An open standard for trustless, permissionless message passing between independent blockchains. IBC allows KiiChain to transfer tokens and data packets to any IBC-enabled chain without a centralized bridge, the receiving chain independently verifies the sender's state transition using light-client proofs before accepting any packet, eliminating counterparty risk.

KIIEX

KiiChain's native flagship exchange, architected as a hybrid CEX-DEX. It uses an off-chain order book for sub-millisecond trade matching, matching the latency of centralized exchanges, while settling all trades on-chain for non-custodial, transparent finality. KIIEX is the commercial evolution of Kii's earlier OTC FX operations, now fully integrated with the network's Oracle and PayFi infrastructure.

Kii Oracle Module

A native Cosmos SDK module that aggregates and publishes tamper-resistant price feeds on-chain each block. Validators submit price quotes for designated asset pairs; the module applies an outlier-resistant algorithm to produce a single authoritative price, which feeds directly into the PayFi Module, KIIEX, and CosmWasm contracts, eliminating reliance on any single external data provider.

Kii PayFi Module

A Cosmos SDK module that abstracts the complexity of on-chain payments for merchants and consumers. It handles real-time currency conversion at oracle-verified rates and implements a Paymaster System, a smart-contract mechanism that sponsors user gas fees, so the end-user experience is as frictionless as a card payment, with no blockchain knowledge required.

Liquidity

A measure of market depth, how much of an asset can be bought or sold without meaningfully moving its price. KiiChain targets deep liquidity by aggregating KIIEX's order book, on-chain AMM pools, IBC-connected chains, and institutional market makers. For FX settlement and cross-border payments, high liquidity is essential to executing large stablecoin volumes at tight spreads.

Onchain FX Orchestration

The automated execution of foreign exchange swaps, converting one fiat-pegged or native asset into another, directly within KiiChain's smart contract layer. It queries the Oracle Module for live rates, sources liquidity from KIIEX or on-chain pools, and settles the swap atomically within a single block, replacing correspondent bank delays with real-time, 24/7 transparent settlement.

OTC (Over-The-Counter) Trading

Bilateral trades negotiated directly between two counterparties, outside a public exchange's order book. OTC is typically used for large-volume transactions where public order placement would reveal trading intent and move the market. Kii was founded on OTC FX operations across Latin America and Southeast Asia, and that institutional-grade model is now reflected in KiiChain's on-chain settlement infrastructure.

RWA (Real-World Assets) & Kii RWA Protocol

Real-World Asset tokenization converts ownership of physical or traditional financial assets, commodities, trade receivables, securities, into blockchain tokens. KiiChain's RWA Protocol implements the T-REX (Token for Regulated EXchanges) standard, embedding KYC/AML checks, jurisdiction-based transfer restrictions, and investor accreditation rules directly into the token contract so compliance is enforced automatically on-chain.

Stablecoins

Cryptographic tokens engineered to maintain price parity with a reference asset, most commonly a fiat currency like the U.S. Dollar. On KiiChain, fiat-backed stablecoins (e.g., USDC, USDT) serve as the primary medium for payments, FX settlement, and gas fee abstraction, their price predictability making them practical for merchant pricing, payroll, and treasury operations.

TGE (Token Generation Event)

The on-chain event at which KII tokens are formally minted, allocated per the tokenomics schedule, and made transferable to public participants. Unlike a traditional IPO, token creation, vesting schedules, and distribution rules are encoded in smart contracts and executed transparently, marking KiiChain's transition from a privately funded development phase to a fully live, publicly accessible network economy.

TokenFactory Module

A Cosmos SDK module that allows any account to permissionlessly create, mint, burn, and administer new fungible token denominations on KiiChain. Tokens created this way are first-class bank module assets, natively transferable via IBC, usable as gas under fee abstraction, and composable with CosmWasm contracts, making it practical for stablecoin issuers, protocol teams, and merchants building within the ecosystem.

Utility Rewards Module

A KiiChain-native module that distributes real protocol revenue, transaction fees, exchange income, to validators and delegators who secure the network, rather than minting new tokens as incentives. This non-inflationary model aligns staking rewards with actual on-chain economic activity, creating a sustainable incentive structure that grows with network usage rather than diluting existing token holders.

D.5Details of all natural or legal persons involved in the implementation of the crypto-asset project

Type of person	Name of person	Business address of person	Domicile of company
Development team	Giovani Guizzo, PhD	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Thales Hubner	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Andres Ramirez	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Nicholas Zanutim	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Dennis Ariza	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Camilo Romero	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Juan Cordero	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Juan Carlo Piedrahita	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Danyel Arenas	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Alex Cavallero	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Jhelison Uchoa	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Sandra Viviana Trujillo	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO
Development team	Nicolas Rodriguez	Cl. 93 #13-42, Chapinero, Bogotá, Colombia	CO

D.6Utility token classification

true

D.7Key features of goods/services for utility token projects

KiiChain offers a robust user-centric product designed for users, businesses or builders.

Users can purchase and stake (delegate) the token to the network to receive staking rewards.
Users can use the token to pay for gas fees when transacting on the KiiChain Network.
Users can use the KII token to vote in governance proposals.
Users can pay fees for Onchain FX trading and Payments with the token.

Note that availability of the services tied to the Kii token and, by extension, utilities of the Kii token are not available in all of the jurisdictions where the Kii token is available for purchase. As such, some or all of the utilities may be limited if you reside in any jurisdiction, where provision of the services is restricted for any reason. Please review the availability of the services and suitability of the token for your purposes before purchase.

D.8Plans for the token

Past Milestones:

2022:

Inception, internal building, and OTC trading.

2023

Q1: KiiChain Devnet.

Q2: KIIEX build started from our OTC operation to scalable technology (https://kiiex.io/)

Q3: KIIEX Beta was launched, testing trading and payments in mainnet in a whitelist-only environment (over $50m in total volume). Achieved positive EBITDA and net margin.

Q4: Kii Mobile wallet was developed for version 1 of testnet (App Store Reference: https://apps.apple.com/co/app/kii-mobile/id6474740411).

2024

Q1: KiiChain Testnet V1 was developed and launched with the cosmos SDK (kii Github: https://github.com/KiiChain/kii).

Q2: KIIEX left beta and launched mainnet with multi-varied APIs and a suite of other features. KIIEX onboarded over 200 enterprise clients with access to over 200k in users.

Q3: KiiChain Testnet V2 upgrades featuring an EVM module and other tools (kii2 Github: https://github.com/KiiChain/kiichain2).

Q4: Started KiiChain Testnet V3 upgrades with new EVM module, RWA protocol, Oracle and Payfi modules. This is the last version and repo that will be continuously evolving into mainnet (kii Github: https://github.com/KiiChain/kiichain).

2025

Incentivized testnet, XP and Oro rewards, featuring onchain tasks and partnerships (https://kiichain.io/testnet).
KIIEX version 2.0 released with new UI/UX and third party ramp features.

Q2:

IBC and Wasm upgrades.
EVM upgrades.
Utility rewards module.

Q3:

EVM gas fee abstraction for stablecoins.
First Audit with Webisoft conducted.
KIIEX mobile app pushed into staging.
KIIEX 3.0 rebuild started.

Q4:

Private mainnet complete.
Webisoft audit recommendations and bugs fixed.
KIIEX mobile app available in production.

Future Milestones:

Technical Development: Launch the Incentivized Testnet, complete security audits, launch the Public Mainnet with a Token Generation Event (TGE), and implement major upgrades including IBC, CosmWasm, and an enhanced EVM.
Product Development: Release multiple versions of the KIIEX exchange (v2.0, 3.0), launch the KIIEX Mobile App, and introduce cold storage debit and credit card products.
Market & Ecosystem Growth: Expand into additional on-chain FX corridors and territories, grow the KiiChain ecosystem with new modules, and launch ecosystem partnerships.
Network Decentralization & Governance: Deploy a Utility Rewards Module to provide additional incentives for validators and introduce open governance for future protocol and ecosystem development.

Note that availability of the services tied to the Kii token and, by extension, utilities of the Kii token are not available in all of the jurisdictions where the Kii token is available for purchase. As such, some or all of the utilities may be limited if you reside in any jurisdiction, where provision of the services is restricted for any reason. Please review the availability of the services and suitability of the token for your purposes before purchase.

D.9Resource allocation

KiiChain has secured USD $26 million led by Nimbus Capital and other investors, which allowed for an economic design prioritizing long-term community interests and minimal presale allocation.

These resources are allocated to key areas, including:

Product Development & Art: 45%
Marketing & Community Growth::40%
Consultancy and Legal/Compliance: 15%

The project is supported by a collective of founders and developers with extensive, multi-year experience across the blockchain sector as users, investors, stakers, and builders with specialists in blockchain architecture using the Cosmos SDK and EVM, on-chain foreign exchange (FX), real-world asset (RWA) tokenization, and decentralized finance protocols. Operational support is bolstered by dedicated personnel focused on protocol and infrastructure development, building and operating the KIIEX hybrid exchange, managing on-chain liquidity, and ensuring regulatory compliance.

All resource allocation percentages are estimates based on data available at the time of disclosure.

D.10Planned use of collected funds or crypto-assets

This is not applicable because there will be no raising of funds. This is not an offer of the KII token but rather an admission of the KII token to trading, as it is already in circulation.

Part E - Information about the offer to the public of crypto-assets or their admission to trading

No. Field Content

E.1Public offering or admission to trading

ATTR

E.2Reasons for public offer or admission to trading

The admission to trading of KiiChain (KII) is intended to:

Increase Accessibility and Liquidity: To make the KII token more accessible to European users and improve its liquidity on secondary markets. This can result in more efficient price discovery and reliable trade execution.
Enhance Transparency and Compliance: This MiCA-compliant disclosure is filed voluntarily to enhance transparency, regulatory clarity, and investor confidence. It signals the project's readiness to align with the high disclosure standards of Regulation (EU) 2023/1114.
Support Ecosystem Growth: By increasing access, Kii Global SAS aims to encourage wider participation and contribution to the KiiChain ecosystem, allowing a broader user base to pay transaction fees, stake KII for network security, participate in on-chain governance, benefit from reduced trading fees and incentives on the KIIEX platform, and engage with the KiiChain RWA and PayFi protocols.

This initiative is an admission to trading and not a fundraising event or public offer.

E.3Fundraising target

N/A

E.4Minimum subscription goals

N/A

E.5Maximum subscription goals

N/A

E.6Oversubscription acceptance

N/A

E.7Oversubscription allocation

N/A

E.8Issue price

N/A

E.9Official currency or any other crypto-assets determining the issue price

N/A

E.10Subscription fee

N/A

E.11Offer price determination method

N/A

E.12 Total number of offered/traded crypto-assets

1800000000

E.13Targeted holders

ALL

E.14Holder restrictions

The project is targeted at all types of investors. No restrictions are being applied other than those required by relevant laws, regulations, or the internal policies of the trading platforms.

Access to the KII token may be restricted by the individual trading platforms where it is made available. These restrictions may include, but are not limited to, geo-fencing for users in OFAC-sanctioned jurisdictions or other individuals prohibited under the platform's terms and conditions and applicable laws.

E.15Reimbursement notice

N/A

E.16Refund mechanism

N/A

E.17Refund timeline

N/A

E.18Offer phases

N/A

E.19Early purchase discount

N/A

E.20Time-limited offer

N/A

E.21Subscription period beginning

N/A

E.22Subscription period end

N/A

E.23Safeguarding arrangements for offered funds/crypto-assets

N/A

E.24Payment methods for crypto-asset purchase

Purchases of KII on the trading platforms mentioned in E.33 may be made using supported crypto-assets USDT, USDC or fiat currencies as per the available trading pairs on the platform. The information on the specific payment methods and providers of payment services is available at trading platforms' their website and their use is subject to the applicable terms and conditions of the specific service provider.

E.25Value transfer methods for reimbursement

If applicable, any valid reimbursements shall be made to the account or wallet originally used to participate in the offer.

E.26Right of withdrawal

N/A

E.27Transfer of purchased crypto-assets

The KII acquired as a result of trades shall be transferred through means designated by the trading platform to the compatible wallet or account as designated by the selected Trading Platforms.

E.28Transfer time schedule

N/A

E.29Purchaser's technical requirements

Purchasers must have an account on a trading platform where KII is listed and abide by that platform's terms. Technically, holders must have a digital wallet compatible with KiiChain’s EVM (Ethereum Virtual Machine) layer. This can be a self-custodial wallet (such as MetaMask) or an account managed by a third party. Basic requirements include internet access and a compatible device.

E.30Crypto-asset service provider (CASP) name

N/A

E.31CASP identifier

N/A

E.32Placement form

N/A

E.33Trading platforms name

Kraken, Okx, Bitpanda, Bitvavo, Coinbase, Bybit Europe, Gate, Kucoin Eu

E.34Trading platforms market identifier code (MIC)

Kraken: PGSL, OKX: None, Bitpanda: None, Bitvavo: VAVO, Coinbase: FREX, Bybit Europe: None, Gate: None, KuCoin EU: None

E.35Trading platforms access

KII is available on several centralized and decentralized trading platforms. Investors can access these platforms by creating an account on their respective websites (i.e., www.kraken.com, https://www.okx.com/, https://www.bitpanda.com/, https://bitvavo.com, https://www.coinbase.com, https://www.kucoin.com, https://www.gate.com, https://www.bybit.eu) and complying with the platform's requirements, including KYC/AML verification.

E.36Involved costs

Access to the trading platforms is typically free, but users will incur costs related to trading and transactions. These may include transaction fees (maker/taker fees), withdrawal fees, and network fees. These costs are set by the individual exchanges and are not controlled by Kii Global SAS. Users are advised to review the fee schedule on the respective platform's websites (i.e., www.kraken.com, https://www.okx.com/, https://www.bitpanda.com/, https://bitvavo.com, https://www.coinbase.com, https://www.kucoin.com, https://www.gate.com, https://www.bybit.eu)

E.37Offer expenses

N/A

E.38Conflicts of interest

To the best knowledge of Kii Global SAS and its parent company EMF Group SA CV, no conflicts of interest have been identified in relation to the offer to the public.

E.39Applicable law

Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper shall be governed by and construed in accordance with the laws of Colombia.

E.40Competent court

Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper shall be exclusively subject to the jurisdiction of the courts in Colombia.

General information	Page 3
Part A - Information about offeror or person seeking admission to trading	Page 4
Part B - Information about issuer, if different from offeror or person seeking admission to trading	Page 5
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	Page 6
Part D - Information about the crypto-asset project	Page 7
Part E - Information about the offer to the public of crypto-assets or their admission to trading	Page 8
Part F - Information about the crypto-assets	Page 9
Part G - Information on the rights and obligations attached to the crypto-assets	Page 10
Part H – Information on the underlying technology	Page 11
Part I - Information on risks	Page 12
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts	Page 13

MiCAR White Paper

Table of Contents

General information

Part A - Information about offeror or person seeking admission to trading

Part B - Information about issuer, if different from offeror or person seeking admission to trading

Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114

Part D - Information about the crypto-asset project

2022:

2023

2024

2025

Part E - Information about the offer to the public of crypto-assets or their admission to trading