Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-09-02 11:00:50

Crypto Exchange dYdX Ends Contentious Promo Amid a Wave of Backlash

A wave of criticism over its facial recognition restrictions for new members led decentralized cryptocurrency derivatives exchange dYdX to announce that it has canceled its contentious and brief $25 first deposit bonus promotion. The exchange’s brief promotional campaign, which concluded on Thursday “effective immediately,” was justified, it claimed, by “overwhelming demand.” dYdX Launched a $25 Bonus for New Users The promotion in question began on Wednesday and gave new customers a $25 incentive if they made a $500 or higher platform deposit. The only caveat was that, to authenticate their identity, users had to agree to a “liveness check” using a webcam, which didn’t sit well with some community sections. After purportedly enrolling thousands of new customers, about 24 hours later, dYdX stated that it would discontinue the program “due to overwhelming demand.” Due to extremely overwhelming demand of the $25 deposit bonus promotion, we are ending the campaign, effective immediately. Thank you to the many thousands of new users that onboarded to dYdX today. We truly underestimated the amount of interest the campaign garnered. — dYdX (@dYdX) September 1, 2022 When the DEX was first announced, the promotion campaign’s duration was not specified by the DEX team. It “underestimated the level of interest the campaign attracted,” nonetheless. Notably, dYdX did not address the backlash from the community in its most recent tweet but...

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.