#Aiccelerate DAO pledges to lock tokens#

Aiccelerate DAO has pledged to lock tokens in response to controversy over insider selling. The DAO, which is focused on the crypto artificial intelligence space, has a market cap of $150 million, but has been embroiled in controversy after some insiders quickly sold their tokens after the project's launch. Bankless Ventures was criticized for selling 10% of its allocation in a "rash mistake" before later buying back the tokens. Shaw Walters, founder of Eliza Labs, also donated his 50% share of tokens to the ai16z DAO, with 20% distributed to other contributors. In response to the controversy, Aiccelerate DAO has pledged to implement a vesting structure for individual allocations and is discussing with advisors how to do the same for itself. The project's X account has also been suspended, with the reason currently unknown. The incident has sparked discussions about DAO governance and token distribution mechanisms, and serves as a reminder for people to exercise caution when participating in crypto projects and to pay attention to the reputation and transparency of project teams.