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Cookie DAO Confirms InfoFi Halts Snaps Amid X API Access Revocation

X’s revocation of InfoFi’s API access disrupted posting-reward models, prompting KAITO and COOKIE token declines and forcing related projects to halt or restructure incentive functions.

KAITO

Summary

On January 15, X revoked InfoFi apps’ API access, disrupting posting-reward models and causing double-digit percentage drops in KAITO and COOKIE token values. The disruption led projects such as Cookie DAO and Kaito to halt or restructure functions tied to external posting incentives. This development marks the apparent end of platform-based posting rewards on X for these blockchain applications.

Terms & Concepts
  • DAO (Decentralized Autonomous Organization): A blockchain-based entity governed by smart contracts and community voting, without centralized leadership.
  • API (Application Programming Interface): A set of rules enabling software applications to communicate with each other.
  • Posting-reward models: Blockchain-based incentive mechanisms that reward users with tokens for posting or engaging on platforms.