Important Update regarding YT Kaito and BID Levels
Hey Bidders,
We want to share an important update regarding the recent evaluation of YT Kaito vs sKaito in our BID Level system.
Thanks to a sharp-eyed community member, we discovered that YT Kaito is currently priced several times lower than sKaito and yet both were being treated equally for BID Level calculations. As a result, one user ended up creating 40 BID Level 3 wallets using a minimal YT Kaito investment.
This clearly breaks the integrity of the system. Our BID Level mechanism is designed to reward meaningful alignment and participation, not provide an exploit path based on short-term pricing mismatches.
While we originally approved YT Kaito under the assumption it had comparable value to sKaito, this price divergence makes fair usage impossible. YT Kaito's dynamic and unpredictable price movements mean that it cannot reliably represent value in the same way sKaito does.
To protect the ecosystem, we’ve made a necessary correction: only sKaito will be counted toward BID Level calculations going forward.
We’re grateful to the community member who brought this to our attention. As a token of appreciation for responsibly disclosing the issue, we’re awarding him a 10,000 $BID bounty.
Our mission is to build a healthy, long-term ecosystem and that means we’ll always prioritize the integrity of our systems and the fairness owed to our holders. When issues arise, we won’t hesitate to adapt and improve.
The show goes on.
Enjoy your weekend,
The CreatorBid Team