If A Kaito Project refuses to pay the community or changes the rule midway, just take the Snapshot 📸 and distribute the rewards.
KAITO needs to take those promised reward prizes from projects and lock them in smart contracts for later distribution to the community.
This way projects can't rug pull at TGE.
The current issue is Crypto projects list on KAITO promising rewards to community members who make it on the leaderboard for talking about them on X.
But these rewards are just promises, nothing stops projects from disappearing or changing terms when TGE comes around.
KAITO should require projects to deposit their promised rewards into escrow smart contracts upfront.
Community does the work, climbs the leaderboard, and the rewards are automatically distributed at TGE,
no rug pull possible.
Right now it's all trust-based, and we know how that usually ends in crypto.
Smart contracts would protect the community who's actually doing the marketing work for these projects.
WHAT WE NEED IS, ACCOUNTABILITY AT @KaitoAI .
Don't get me wrong.
KAITO is the best thing that happened to Crypto.
it has democratized KOL contribution, and that's good for both content creators and projects.
Projects get access to talent pools from across the world 🌎
Content creators get opportunities to earn rewards by sharing and talking about what they find exciting about projects.
The Problem is Lack of Accountability from Projects.
KAITO should work on securing accountability from projects in terms of the rewards they promise.
-Reward size accountability
-Campaign period accountability
-Reward date accountability
Without this, projects can just play around with content creators' time and get away with.
-Not rewarding at all,
-Rewarding poorly,
-Rewarding too late
Campaigns set for 3 months are now being extended another 3 months, so those who started yapping early now need to wait longer and keep working to maintain their rank and wait for rewards
These are really serious violations.
In Standard Business Practice, when we do a deal, we talk about deliverables and we also finalize payment dates in advance.
This has happened too many times to ignore anymore
🔴 Mitosis
Promised Snapshot in 3 months ago
Reality - $MITO TGE is still pending
Impact- Yappers continue to hustle for the same reward but extended by 3 months
🔴 Humanity Protocol
Promiseed $H token distribution
Reality- Simply refused to drop $H to their yappers
🔴 HANA
Promised TGE in July
Reality- Now says "a few months"
🔴 NOVASTRO
I am hearing not-so-good things about their TGE too
If KAITO really wants to be
A trusted place for content creators
A place that projects can't exploit
Then KAITO needs to secure accountability from projects on
💰Amount of rewards promised
📅Date of rewards promised
How long until KAITO starts taking commitments from projects to avoid wasting yappers' time and efforts?
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