#Aiccelerate DAO pledges to lock tokens.#
Hot Topic Overview
Overview
Aiccelerate DAO (AICC) has come under fire after some insiders quickly sold their tokens following the project's launch, prompting the project to promise the implementation of a token lock mechanism. 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 cap has reached $150 million, almost a 1,000x increase from its initial funding. Bankless Ventures, after selling its 10% token share, bought it back due to community criticism. In response to the controversy, Aiccelerate DAO said "it will be implementing a vesting structure for individual allocations and is currently discussing how to do the same with advisors." The project's X account was also suspended on Saturday, with the reason currently unknown.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has pledged to lock tokens in response to controversy surrounding insider selling. The DAO, which focuses on crypto AI, has a market cap of $150 million but has been embroiled in controversy after some insiders quickly sold off tokens after the project's launch. Bankless Ventures was criticized for selling 10% of its allocation due to a "rash mistake" before later repurchasing the tokens. Shaw Walters, founder of Eliza Labs, donated his 50% token stake to the ai16z DAO and allocated 20% to other contributors. In response to the controversy, Aiccelerate DAO says it will be implementing vesting structures for individual allocations and is discussing with advisors how to do the same for contributions. 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 has pledged to introduce a token lock mechanism in response to controversy over insider selling.
Aiccelerate DAO will increase vesting structures in response to criticism of the release.
Controversy arose after some insiders quickly sold tokens after the project's launch.
Bankless Ventures was criticized for selling 10% of its allocation in a 'rash mistake' before later repurchasing tokens.