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Reading: Elon Musk Offers Influential Users Complimentary Premium Access on X
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Latest cryptocurrency news > Cryptocurrency > Elon Musk Offers Influential Users Complimentary Premium Access on X
Cryptocurrency

Elon Musk Offers Influential Users Complimentary Premium Access on X

BH NEWS
Last updated: 28 March 2024 16:30
BH NEWS 2 years ago
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Elon Musk’s latest announcement introduces free premium features for influential users on the social platform X, targeting those who have a substantial following. Influencers with over 2,500 verified followers are now exempt from paying for premium services, while those with more than 5,000 followers get access to even more advanced features without cost. This shift aims at enhancing the experience for content creators and influencers on the platform.

Free Features for Top Content Creators

X offers a tiered subscription model, including Basic, Premium, and Premium+ levels, each providing additional benefits. By incrementally releasing more functionalities to users, the X team seeks to nurture a more creator-friendly environment. However, concerns arise as this move might also benefit scammers, especially with the purchasable verification system, which could enable them to mimic credible personalities and orchestrate scams.

Contents
Free Features for Top Content CreatorsScam Prevention Measures and Community Reactions

Scam Prevention Measures and Community Reactions

To counteract the prevalence of fraudulent activities, Musk implemented a paid verification system, yet voices from the cryptocurrency community suggest that premium features might aid scammers in their deceptive pursuits. While some users welcome the initiative for sparing popular accounts from verification fees, others remain skeptical, highlighting potential system exploits that could lead to new forms of cyberattacks.

The platform’s decision to offer free premium access has sparked a debate with some smaller accounts feeling overpowered by wealthier ones. There are also strategies emerging among verified users to game the system for free services. Despite the critiques, X has reduced the cost for verified organizations, reflecting the platform’s response to the rampant promotion of cryptocurrency scams through ‘gold check’ accounts. A recent report points out the scale of these malicious campaigns, which often necessitate a premium account on X. The community is left to wonder if the price adjustments are an attempt to attract more subscribers or a genuine effort to combat scam activities.

In conclusion, while Musk’s new policy could potentially democratize premium access for influencers, it might also open doors for increased fraudulent schemes unless X enforces strict eligibility checks and balances.

You can follow our news on Telegram, Twitter ( X ) and Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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