Camp Network Faces Backlash Over Controversial Airdrop Process

Camp Network's airdrop event sparks community frustration due to limited eligibility, registration fees, strict KYC requirements, and token purchase mandates to cover gas fees.

Summary

Camp Network's recent airdrop faced backlash due to multiple issues: exclusion of early users, mandatory registration fees, and stringent KYC requirements. The project reversed the fee decision and promised refunds. The requirement to purchase tokens for gas fees further frustrated the community.

Terms & Concepts
  • Airdrop: A marketing method in the cryptocurrency industry where tokens or coins are distributed to a large number of wallet addresses, often as a way to promote a new project.
  • KYC (Know Your Customer): A process used by financial institutions and cryptocurrency platforms to verify the identity of their customers to comply with regulations.