ReachMe protocol patched a vulnerability allowing a lower fee for reaching KOLs

Source Cryptopolitan

ReachMe, a paid connection platform to reach KOL accounts, has discovered a bug that allowed sending messages for a smaller fee. SlowMist discovered the bug, allowing ReachMe to retain its regular fee structure. 

The crypto world has another currency – attention. ReachMe aims to filter that demand by creating a fee-based model to reach Key Opinion Leaders (KOLs). 

Recently, the Slow Mist investigation team found a bug on ReachMe, which allowed users to reach KOLs for a much lower fee. A team of white hack hackers managed to test the bug and alert the team for patching. 

The ReachMe service launched this Thursday and has already attracted big names in the crypto space. The app focuses on verified X accounts among crypto influencers, giving them a way to tokenize their outreach. KOLs have already received outsized attention for their paid shilling of projects. For some, the reach fee may be an additional obstacle or a way to earn more from their social media clout.

ReachMe will work as a tokenless protocols, and the team has warned against any token launch announcements. The service uses BNB for its fees, with three major price tiers. All verified accounts can also alter their fees to reflect demand. Despite this, there are multiple attempts to present new tokens as belonging to ReachMe. 

Binance’s ‘CZ’ Zhao draws attention to ReachMe

ReachMe gained popularity after Binance’s founder Changpeng ‘CZ’ Zhao added a link to his profile a few days ago. Zhao picked the project for explicit endorsement and is also seen as the inspiration behind ReachMe, suggesting the idea of paying with crypto to increase the chance of a response. 

Zhao explored the idea of pay-to-reach in a recent blog, aiming to filter and limit requests and irrelevant information. Later, Zhao received the pitch for ReachMe, an already working prototype for paid communication. 

The influence of Zhao was already big on X, leading to multiple contact requests. He tested different pricing tiers on ReachMe, raising fees up to 1 BNB ($625.30) for message requests. Previously, fees of 0.1 BNB and 0.04 BNB led to a flood of hundreds of messages. Zhao explained he tried to answer as many questions as possible, though finding the task overwhelming after opening his inbox for a lower fee.

Zhao explained his goal is to set the price high enough to receive just 10 daily requests for outreach. He announced all proceeds from ReachMe will go toward supporting projects in the Binance ecosystem, or for buying tokens as a sign of support. Alternatively, the proceeds may go toward charity.

Zhao said he liked the ReachMe system, and it could be useful for multiple crypto KOLs. Similar pay-to-reach systems have been set up with fiat, but this is the first crypto-only app that has the chance of becoming the main hub for the crypto community. 

ReachMe is already hosting several tiers of KOLs, with fees starting from 0.01 BNB. The highest fee was set by @Llamaxbt, asking for 69 BNB. Medium fees range from 0.5 to 1 BNB, as Zhao is still in this category. The new service is still testing the attention of users. Some of the accounts ended up receiving advertisements, which somewhat justified the fees. 

ReachMe’s popularity and fee potential depend mostly on X account outreach. Zhao’s account has been targeted mostly for Binance’s business opportunities. The flood of messages made Zhao request shorter communication with clear points while directing requests to the Binance team for technical questions.

ReachMe is not the only service for paid influencer inboxes. Pay To Reach launched on March 24, also claiming to be inspired by Zhao’s post. The project offers point mining in addition to a paid inbox. The service, however, is still attracting KOLs and has not grown its list of influencers.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
JPMorgan Raises S&P 500 Target; Can AI Sector Continue to Drive US Stocks?JPMorgan Chase has raised its year-end target for the S&P 500, noting that the core driver is not a simple recovery in sentiment, but rather upward earnings revisions for AI-related techn
Author  TradingKey
7 hours ago
JPMorgan Chase has raised its year-end target for the S&P 500, noting that the core driver is not a simple recovery in sentiment, but rather upward earnings revisions for AI-related techn
placeholder
Australian Dollar receives support after Trump extends ceasefire with IranAUD/USD pares its recent losses from the previous day, trading around 0.7160 during the Asian hours on Wednesday.
Author  FXStreet
16 hours ago
AUD/USD pares its recent losses from the previous day, trading around 0.7160 during the Asian hours on Wednesday.
placeholder
Tesla Q1 2026 Earnings Preview: 50,000-Unit Inventory Overhang, Energy Storage Halved, 5 Core Metrics Long-Term Investors Should Really WatchIntroductionTesla (TSLA) is scheduled to release its first-quarter 2026 earnings report after the U.S. market close on April 22. The Non-GAAP EPS consensus from Tesla's official compilation (comprisin
Author  TradingKey
Yesterday 10: 19
IntroductionTesla (TSLA) is scheduled to release its first-quarter 2026 earnings report after the U.S. market close on April 22. The Non-GAAP EPS consensus from Tesla's official compilation (comprisin
placeholder
Gold holds steady above $4,800 amid US-Iran ceasefire uncertainty Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East.  
Author  FXStreet
Yesterday 01: 24
Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East.  
placeholder
How Will the U.S.-Iran Situation Evolve? What Is Behind the Nasdaq’s Record High?The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
Author  TradingKey
Apr 20, Mon
The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
goTop
quote