#Aiccelerate DAO pledges token lockup#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after some insiders quickly dumped tokens following the project's launch. 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 1,000-fold increase from its initial funding. In response to the controversy, Aiccelerate DAO has promised to implement a token lock mechanism and assign vesting structures for individuals to prevent rapid insider selling. Bankless Ventures was criticized for selling 10% of its allocation due to a "rash error," and later repurchased the tokens.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after its launch due to the rapid dumping of tokens by some insiders. The project raised 943 SOL on the Solana network, reaching a market cap of $150 million, a nearly 1000x increase from its initial funding. Among them, Bankless Ventures was criticized for selling 10% of its token allocation in a "rash mistake" before later repurchasing the tokens. Eliza Labs founder Shaw Walters also donated his 50% token share to the ai16z DAO, with 20% allocated to other contributors. In response to the controversy, Aiccelerate DAO has pledged to implement a token lock mechanism and vesting structures for individual allocations to prevent insider dumping and safeguard the long-term development of the project. The project's X account is currently suspended for unknown reasons.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO promised 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 on how to do the same.
The launch of Aiccelerate DAO sparked criticism over the rapid selling of tokens allocated to insiders.
Bankless Ventures was criticized for selling 10% of its allocation in a “rush mistake” and later repurchased the tokens.