PANews reported on September 16th that Kaito founder Yu Hu tweeted that during Kaito's initial public distribution of Boundless ZKC tokens yesterday, distribution to user wallets was delayed by 1.5 hours due to partner integration delays. For some users, withdrawal and transaction fees were higher than normal due to smart wallet initialization and a surge in Ethereum gas fees. Kaito has pledged to issue a 120% gas fee refund to all users who withdrew or traded, and will reimburse gas fee subsidies for users who did not withdraw. Subsequent distribution will be migrated to an embedded wallet with support for private key export to avoid similar issues.PANews reported on September 16th that Kaito founder Yu Hu tweeted that during Kaito's initial public distribution of Boundless ZKC tokens yesterday, distribution to user wallets was delayed by 1.5 hours due to partner integration delays. For some users, withdrawal and transaction fees were higher than normal due to smart wallet initialization and a surge in Ethereum gas fees. Kaito has pledged to issue a 120% gas fee refund to all users who withdrew or traded, and will reimburse gas fee subsidies for users who did not withdraw. Subsequent distribution will be migrated to an embedded wallet with support for private key export to avoid similar issues.
Kaito announces full refunds due to ZKC distribution delays and high gas fees
PANews reported on September 16th that Kaito founder Yu Hu tweeted that during Kaito's initial public distribution of Boundless ZKC tokens yesterday, distribution to user wallets was delayed by 1.5 hours due to partner integration delays. For some users, withdrawal and transaction fees were higher than normal due to smart wallet initialization and a surge in Ethereum gas fees. Kaito has pledged to issue a 120% gas fee refund to all users who withdrew or traded, and will reimburse gas fee subsidies for users who did not withdraw. Subsequent distribution will be migrated to an embedded wallet with support for private key export to avoid similar issues.
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