#Accelerate DAO Locked Tokens#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after some insiders rapidly dumped tokens after the project launched. The project raised roughly $175,000 on the Solana network and has since reached a market capitalization of $150 million, representing nearly a 1000x increase from the initial funding. Bankless Ventures has been criticized for selling 10% of its token allocation in a "rash mistake" and later repurchased the tokens. In response to the controversy, Aiccelerate DAO has pledged to implement a token lock mechanism and vesting structures for individual allocations to prevent rapid insider token dumps, maintaining project stability and investor interests.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after its launch due to rapid token dumps by insiders. The project raised approximately $175,000 on the Solana network and its market cap has reached $150 million, a near 1000x increase from its initial funding. The controversy centers around Bankless Ventures quickly selling its 10% token allocation after the project's launch, drawing criticism from the community. In response to the controversy, Aiccelerate DAO has pledged to implement token lockup mechanisms and vesting structures for individual allocations to prevent rapid insider token dumps. Additionally, the project is discussing with advisors on how to implement similar lockup mechanisms for advisor allocations. Despite this, the project's X account was suspended on Saturday for unknown reasons.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO insiders' rapid token dumps after project launch sparked controversy, leading to criticism of the project.
Aiccelerate DAO has promised to implement token locking mechanisms in response to the insider dumping controversy to increase the value and stability of the token.
Aiccelerate DAO will implement vesting structures for individuals and is discussing with advisors how to do the same to prevent future similar events.
Aiccelerate DAO's X account has been suspended for unknown reasons, which may be related to the insider dumping incident.