#Accelerate DAO Locked Tokens#
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, achieving a market cap of $150 million, but some insiders who participated in the presale, including Bankless Ventures and Eliza Labs founder Shaw Walters, quickly sold their token allocations. In response to criticism, Aiccelerate DAO has pledged to implement token lockup mechanisms and vesting structures for individual allocations to prevent future similar incidents. The project is currently discussing with advisors on how to implement similar lockup mechanisms for advisor allocations.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has pledged to introduce a token lock-up mechanism in response to controversy surrounding insider selling. The DAO focuses on crypto artificial intelligence, and its token AICC is currently valued at around $150 million. However, its launch has sparked controversy, as some insiders who participated in the presale quickly sold their token allocations. For example, Bankless Ventures was criticized for selling 10% of its allocation in a "rash mistake," and later re-purchased the tokens. In response to this controversy, Aiccelerate DAO stated that it will be implementing a vesting structure for individual allocations and is discussing with advisors how to do the same for team allocations. The project's X account has also been suspended, for reasons that are currently unclear. The project raised 943 SOL (approximately $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, nearly a 1000x increase from its initial funding.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO insiders quickly sell tokens, sparking controversy and leading to criticism of the project.
Aiccelerate DAO promises to implement a token lock mechanism in response to the controversy and assigns individual vesting schedules.
Aiccelerate DAO's market cap has reached $150 million, growing nearly 1000x since its initial funding.
Bankless Ventures is criticized for a "rash mistake" in selling its token allocation and later rebuys tokens.