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X Shuts Down InfoFi Apps, Triggering KAITO Token Sell-Off and Scrutiny


by Peter Mwangi
for CoinEdition
X Shuts Down InfoFi Apps, Triggering KAITO Token Sell-Off and Scrutiny

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AI Overview

X has revoked API access for reward-based posting apps, ceasing InfoFi activities due to AI spam concerns. This led to Kaito and Cookie DAO shutting down their incentive products, causing significant token sell-offs and abnormal unstaking. The move highlights risks to DeFi platforms reliant on incentivized posting.

Bearish
  • X revoked API access for reward-based posting apps, ending InfoFi activity over AI spam concerns.
  • Kaito and Cookie DAO shut down incentive products, triggering bans and sharp token sell-offs.
  • KAITO saw heavy selling and abnormal unstaking after claims of early awareness of the ban.

X has revoked API access for applications that reward users for posting content, effectively banning so-called InfoFi platforms from operating on the site. The decision was announced by X head of product, Nikita Bier, who said incentive-based posting had driven a surge in low-quality, AI-generated replies and spam, prompting a policy revision aimed at improving user experience.

Read The Full Article X Shuts Down InfoFi Apps, Triggering KAITO Token Sell-Off and Scrutiny On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0334

-0.35%

$ 0.312

-2.39%

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In This News

Coins

$ 0.0334

-0.35%

$ 0.312

-2.39%

Share:

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X Shuts Down InfoFi Apps, Triggering KAITO Token Sell-Off and Scrutiny


by Peter Mwangi
for CoinEdition
X Shuts Down InfoFi Apps, Triggering KAITO Token Sell-Off and Scrutiny

Share:

AI Overview

X has revoked API access for reward-based posting apps, ceasing InfoFi activities due to AI spam concerns. This led to Kaito and Cookie DAO shutting down their incentive products, causing significant token sell-offs and abnormal unstaking. The move highlights risks to DeFi platforms reliant on incentivized posting.

Bearish
  • X revoked API access for reward-based posting apps, ending InfoFi activity over AI spam concerns.
  • Kaito and Cookie DAO shut down incentive products, triggering bans and sharp token sell-offs.
  • KAITO saw heavy selling and abnormal unstaking after claims of early awareness of the ban.

X has revoked API access for applications that reward users for posting content, effectively banning so-called InfoFi platforms from operating on the site. The decision was announced by X head of product, Nikita Bier, who said incentive-based posting had driven a surge in low-quality, AI-generated replies and spam, prompting a policy revision aimed at improving user experience.

Read The Full Article X Shuts Down InfoFi Apps, Triggering KAITO Token Sell-Off and Scrutiny On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0334

-0.35%

$ 0.312

-2.39%

Share:

In This News

Coins

$ 0.0334

-0.35%

$ 0.312

-2.39%

Share:

Read More

Bitcoin, major tokens drop as traders position for downside protection

Bitcoin, major tokens drop as traders position for downside protection

Bitcoin extended recent losses as derivatives data show a clear risk-off shift.
Coinglass Ignites Perp DEX Data War Amid Hyperliquid Volume Debate

Coinglass Ignites Perp DEX Data War Amid Hyperliquid Volume Debate

In Brief Coinglass data shows major gaps between volume, open interest, and liquidat...