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
2025/09/16 20:01
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.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
Share
FCA Crypto Regulation: Striking a Balance Between Innovation and Consumer Safety
The United Kingdom’s Financial Conduct Authority (FCA) has released a statement on new cryptocurrency regulations. The intentions of these guidelines ought to be clear; they should provide a defined picture of what is considered legal and illegal for companies operating in crypto, allowing innovation while protecting consumers and upholding market integrity. The move will be […]
Share
Tronweekly2025/09/18 12:00
Share
Data Indicates Over 500,000 Wallets Hold 10.7M XRP in Idle Balance
On-chain data indicates that more than 500,000 XRPL wallets hold nearly 11 million XRP tokens in idle balance. Dr.Visit Website
Share
The Crypto Basic2025/09/18 17:14
Share