#Aiccelerate DAO pledges token lockup#
Hot Topic Overview
Overview
Aiccelerate DAO has pledged to introduce a token lock-up mechanism in response to the insider selling controversy. The DAO sparked controversy after some insiders rapidly sold their tokens after the project's launch, with Bankless Ventures facing criticism for selling 10% of its allocation in a "rash mistake" before later repurchasing the tokens. In response to the controversy, Aiccelerate DAO said it "will be implementing a vesting structure for individual allocations, and are currently discussing with advisors how to do the same thing." The project currently has a market cap of $150 million, nearly a 1000x increase from its initial funding.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has pledged to introduce a token lock-up mechanism in response to controversy surrounding insider selling. The project raised 943 SOL (around $175,000) on the Daos.fun platform on the Solana network, with $75,000 coming from VIP investors. The project's market capitalization has reached $150 million, a near 1000x increase from its initial funding. However, after launch, some insiders quickly dumped their tokens, sparking criticism from the community. Bankless Ventures was criticized for selling 10% of its allocation due to an "impulsive mistake" and later repurchased the tokens. In response to the controversy, Aiccelerate DAO stated that "they will be implementing a vesting structure for individual allocations and are discussing with advisors how to do the same for the advisors' tokens." The project's X account was also suspended on Saturday, with the reason currently unknown.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO promised to implement a token lockup mechanism in response to controversy over insider selling, the token lockup mechanism will implement a vesting structure for individual allocations, and they are discussing with advisors how to do the same thing.
Bankless Ventures was criticized for selling 10% of its allocation due to an 'impulsive mistake', and later repurchased the tokens.
Aiccelerate DAO's launch sparked criticism over insiders quickly selling off their token allocations.