{"id":489668,"date":"2022-09-02T09:06:02","date_gmt":"2022-09-02T06:06:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dydx-ends-contentious-promo-claiming-overwhelming-demand\/"},"modified":"2022-09-02T09:06:02","modified_gmt":"2022-09-02T06:06:02","slug":"dydx-ends-contentious-promo-claiming-overwhelming-demand","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dydx-ends-contentious-promo-claiming-overwhelming-demand\/","title":{"rendered":"# dYdX ends contentious promo claiming \u2018overwhelming demand\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26e4c801e29\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26e4c801e29\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dydx-ends-contentious-promo-claiming-overwhelming-demand\/#%E2%80%9D_dYdX_ends_contentious_promo_claiming_%E2%80%98overwhelming_demand_%E2%80%9C\" >&#8221; dYdX ends contentious promo claiming \u2018overwhelming demand\u2019 &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_dYdX_ends_contentious_promo_claiming_%E2%80%98overwhelming_demand_%E2%80%9C\"><\/span>&#8221; dYdX ends contentious promo claiming \u2018overwhelming demand\u2019 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYWE1YWJhYzUtYWRjOS00MjI1LTg4ZDQtOTU2NzZjMGY0MzQyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-3511d6da>Decentralized crypto derivatives exchange dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its facial recognition requirements for new users. <\/p>\n<p>The exchange, however, simply cited \u201coverwhelming demand\u201d as the reason for its short-lived promotional campaign, which ended on Thursday \u201ceffective im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>\u2014 dYdX (@dYdX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dYdX\/status\/1565484913628962817?ref_src=twsrc%5Etfw\">September 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe promo in question launched on Wednesday and it offered new users a $25 bonus if they deposited $500 or more into the platform. <\/p>\n<p>The only catch was that they had to agree to do a \u201cliveness check\u201d via webcam to verify their identity, which didn\u2019t go down well with certain sections of the community. <\/p>\n<p>Around 24 hours later, dYdX tweeted that it would end the campaign \u201cdue to extremely overwhelming demand\u201d after purportedly onboarding thousands of new users.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Give me my $25 dollars <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5n4r5GA6os\">pic.twitter.com\/5n4r5GA6os<\/a><\/p>\n<p>\u2014 King Ethan (@Kr3py) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Kr3py\/status\/1565494063176228865?ref_src=twsrc%5Etfw\">September 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The\u00a0team behind the DEX didn\u2019t outline how long the promo campaign would last during the initial announcement but stated that it \u201ctruly underestimated the amount of interest the campaign garnered.\u201d <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Are non-KYC crypto exchanges as safe as their KYC-compliant peers?<\/em><\/strong><\/p>\n<p>dYdX, notably, made no mention of the community pushback in the most recent tweet but doubled down on its use of the facial recognition software in an earlier post, stating that it was only used to make sure users weren\u2019t doubling up on accounts to claim the bonus.<\/p>\n<p>Some in the community aren\u2019t buying it, with some believing the cancellation was largely a result of the contention, while others have expressed concerns with the platform\u00a0using such tools in the first place. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">or the pushback from biometric data<\/p>\n<p>\u2014 0xBandito (@0xBandito) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xBandito\/status\/1565540348436381698?ref_src=twsrc%5Etfw\">September 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Yearn.finance contributor Adam Cochran <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/adamscochran\/status\/1565454694654349318\">tweeted<\/a> to his 153,100 followers that despite being a major advocate for dYdX in the past, he will be moving off of the platform and selling his DYDX tokens until he sees \u201cmeaningful changes there:\u201d<\/p>\n<blockquote><p>\u201cdYdX doubles down on claiming that this is ok by saying it\u2019s just if you want the reward program. In their eyes your data privacy is a commodity and an acceptable risk if they get growth.\u201d<\/p><\/blockquote>\n<p>\u201cI\u2019m hopeful for a decentralized perps market but I am worried about this behavior and think a company culture that prioritizes growth over users is dangerous,\u201d he added. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dydx-ends-contentious-promo-claiming-overwhelming-demand\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; dYdX ends contentious promo claiming \u2018overwhelming demand\u2019 &#8220; Decentralized crypto derivatives exchange dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its facial recognition requirements for new users. The exchange, however, simply cited \u201coverwhelming demand\u201d as the reason for its short-lived promotional campaign,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":489669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYWE1YWJhYzUtYWRjOS00MjI1LTg4ZDQtOTU2NzZjMGY0MzQyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74894,74877,74868,75916,10401],"class_list":["post-489668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-blockchain","tag-decentralized-exchange","tag-defi","tag-dex","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=489668"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/489669"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=489668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=489668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=489668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}