X has updated its API policy to prevent spam by banning InfoFi apps that reward users for posting content. This policy change has led to a sharp drop in the price of KAITO, an InfoFi project, which fell by over 14%. Additionally, CookieDAO has announced the termination of its Snaps service that previously rewarded influencer impact.
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X Updates API Policy, Bans Apps Offering Posting Rewards, Affecting InfoFi Ecosystem
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