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X Bans InfoFi Apps to Curb AI Spam, KAITO Token Drops 20%

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KAITO
$0.53899-1.68%
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X, formerly Twitter, banned InfoFi apps to cut AI-generated spam and bot replies, according to TheCCPress. Product head Nikita Bier revoked API access for apps that reward users with tokens for engagement. The move triggered a 20% drop in KAITO token value. Crypto projects relying on X for user interaction may face challenges. New token listings on AI + crypto news platforms could shift strategies in response.
Key Points:
  • X blocks InfoFi apps to curb AI spam.
  • KAITO token drops 20% post-ban.
  • Potential crypto market and engagement shifts noted.

X, formerly known as Twitter, banned InfoFi apps on its platform to reduce AI-generated spam and bot replies, announced by Head of Product Nikita Bier.

This decision impacts crypto dynamics, notably causing a 20% drop in KAITO token, signaling potential challenges for projects reliant on social media engagement.

X Halts InfoFi Apps Citing Spam Concerns

X bans InfoFi apps on its platform, revoking their API access. This decision aims to address excessive AI-generated spam detracting from crypto-related conversations.

Head of Product Nikita Bier announced the move, highlighting a dramatic reduction in spam expected as bots lose incentives. For deeper insights from Nikita Bier, you can view his Twitter thread about the policy changes.

The immediate market response saw the KAITO token decline by 20%. The ban targets applications incentivizing users with tokens for platform interactions.

Further financial implications could be felt across crypto projects heavily reliant on X for promotional efforts. Nikita Bier shares thoughts on the broader technological trends impacting these changes. “We are revising our developer API policies: We will no longer allow apps that reward users for posting on X (aka ‘infofi’). This has led to a tremendous amount of AI slop & reply spam on the platform. We have revoked API access from these apps, so your X experience should start improving soon (once the bots realize they’re not getting paid anymore.)”

The community may experience interaction shifts as similar apps adjust to new policies. Affected projects face reevaluation of strategy and engagement models.

Historical patterns suggest potential regulatory scrutiny, especially amid ongoing debates about AI’s role in finance. Technological advancements may offer solutions, but prior tensions between X and crypto users inform future directions. You can follow the latest updates from Flicker Finance for ongoing information on these developments.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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