Kaito Issues Apology and Refund Plan After Boundless ZKC Token Distribution Issues

Kaito offers compensation for delays and high gas fees during Boundless ZKC token sale, promising wallet upgrades to prevent future disruptions.

ETH

KAITO

180d ago

Summary

Kaito founder Yu Hu apologized for issues during the Boundless ZKC token distribution, citing delays, high gas fees, and wallet failures. As compensation, the project will refund 120% of gas fees and provide additional gas credits. Wallet upgrades are planned to improve future sales.

Terms & Concepts

Gas Fee: A transaction fee paid to blockchain validators for processing and securing operations on the network.
Embedded Wallet: A wallet integrated directly into an application, allowing users to interact with blockchain assets without external wallet software.
Private Key Export: The ability to extract and back up the cryptographic key controlling a blockchain wallet, ensuring user control over assets.