#Aiccelerate DAO commits to token lock-up.#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after insiders rapidly dumped tokens following the project's launch. The project raised 943 SOL on the Solana network, and its market cap reached $150 million. Bankless Ventures was criticized for selling its 10% token allocation, and later repurchased the tokens. In response to the controversy, Aiccelerate DAO pledged to implement a token lock mechanism and vesting schedules for individual allocations. The project's X account was also suspended for unclear reasons.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has pledged to introduce a token lock mechanism in response to controversy surrounding insider selling. The DAO has drawn criticism for the rapid dumping of tokens by some insiders after the project launched. Among them, Bankless Ventures was criticized for selling 10% of its allocation in a "rush error" before later buying back the tokens. In response to the controversy, Aiccelerate DAO said it would implement a vesting structure for individual allocations and was discussing with advisors how to do the same. The project's X account was also paused on Saturday, the reason for which is currently unknown. The project raised 943 SOL (about $175,000) on the Daos.fun platform on the Solana network, with $75,000 coming from VIP investors, and the project's market cap has reached $150 million, an increase of nearly 1,000 times since its initial funding.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO pledged to implement a token lock mechanism in response to controversy over insider selling.
The project will implement vesting structures for individuals and is in discussions with advisors about doing the same.
Bankless Ventures faced criticism for selling 10% of its allocation in a "rash error" before later repurchasing the tokens.
The launch of Aiccelerate DAO has sparked criticism over the rapid selling of token allocations by insiders.