ZachXBT attacked Kaito over social media, accusing a partnered project of heavily inflating its user metrics. He warned crypto firms not to attract Yap farmers, as they can destroy a new project’s reputation.
Unlike his sophisticated investigations, this diatribe mostly consisted of informal observations and personal opinions. He did not accuse anyone of fraud, at least in an actionable way.
ZachXBT Attacks Kaito’s Metrics
ZachXBT, the famous crypto sleuth, does more than track down criminals; he frequently weighs in on projects he considers dubious.
Earlier today, he took up the practice again, calling out a possible case of inflated user metrics.
Specifically, Billions Network claimed that it had over 1 million users thanks to a Kaito partnership, prompting ZachXBT to respond:
Kaito launched earlier this year with an audacious plan to use Yap tokens to reward insightful social media posts.
Soon after its launch, however, the program faced intense community criticism. From its initial promise, Kaito has developed a reputation for AI-generated spam, and this has persisted despite tweaks to its algorithm.
Over the last few days, ZachXBT has displayed an increasing frustration with Kaito users and other spammers, but it’s apparently reached a breaking point.
He didn’t list any kind of proof that Billions Network doesn’t have that sort of daily activity, but claimed that its stated metrics are ridiculous.
Reputational Risk for Projects
So, what prompted this crashout? In a discussion, ZachXBT agreed with the notion that Kaito’s first airdrop totally changed the equation.
For most users, it’s easier to profit by gaming the algorithm and employing AI-generated text, rather than pursuing novel ideas.
Moreover, he noted that Yap spammers can ruin a small project’s reputation:
“The worst part is, all of them group up and start calling projects scams just because the airdrops were inevitably worth nothing of value. The cycle just repeats itself with each new campaign. Yap campaigns are the new MLM schemes,” he argued.
ZachXBT used other colorful language to describe Kaito users, claiming that they “humiliate themselves for money” and waste their time.
He warned young crypto firms not to get involved with the platform, as Kaito partnerships are “the number one counter signal for a project.”
Unlike most of his serious investigations, ZachXBT didn’t provide much hard data to discuss Kaito. This diatribe mostly consists of his personal observations, opinions, and advice. If nothing else, this outburst is in-character for him, as he’s decried AI-generated spam projects in the past.
Still, his voice is very influential. Crypto developers may want to seriously consider his warnings.
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