#Aiccelerate DAO Adjusts Allocation Structure#
Hot Topic Overview
Overview
Aiccelerate DAO (AICC) has sparked controversy due to the rapid selling of token allocations by insiders during its presale, with Bankless Ventures being criticized for selling 10% of its allocation. In response to the criticism, Aiccelerate DAO announced that it will be implementing a vesting structure for individual allocations and is currently discussing with advisors how to similarly treat advisor allocations. The project's X account was also suspended on Saturday, with the reason currently unknown.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO (AICC) has announced it will add vesting structures to its token allocation following criticism over its token distribution structure. AICC, which focuses on the crypto-AI space, raised approximately $150 million in its token presale. The controversy stemmed from the fact that some insiders who participated in the presale quickly sold off their allocated tokens, with Bankless Ventures facing criticism for selling off 10% of its allocation before later buying back tokens. To address this, AICC said it will implement vesting structures for individual allocations and is discussing with advisors how to implement a similar structure for advisor allocations. Additionally, AICC’s X account was suspended on Saturday, with the reason for the suspension currently unclear.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The token allocation structure of Aiccelerate DAO has been criticized for causing insiders to quickly sell tokens, leading to community backlash.
Aiccelerate DAO has responded to criticism by implementing a vesting structure for individual allocations and discussing with advisors how to implement a vesting structure for advisor allocations.
Bankless Ventures was criticized for selling 10% of its allocation due to a “rash error” and later repurchased the tokens.
Aiccelerate DAO's X account has been suspended for an unknown reason.