#Aiccelerate DAO Restructuring#

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Overview

Aiccelerate DAO (AICC), a DAO focused on crypto artificial intelligence, sparked controversy after launch due to some insiders who participated in the presale quickly selling off their token allocations. Bankless Ventures was particularly criticized for selling off 10% of their allocation in what they termed a "rash mistake." In response to the controversy, Aiccelerate DAO has announced that they will be implementing a vesting structure for individual allocations and are currently in discussion with advisors about implementing a similar structure for advisor allocations. The project's X account is currently also suspended, with the reason unclear.

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Analysis

Aiccelerate DAO (AICC), a DAO focused on crypto artificial intelligence, has sparked controversy following its launch, as some insiders who participated in the presale quickly sold their token allocations. This includes Bankless Ventures, which faced criticism for selling 10% of its allocation due to an “impulsive mistake”. In response to this controversy, Aiccelerate DAO announced that it will implement a vesting structure for individual allocations and is currently discussing with advisors how to implement a similar structure for advisor allocations. The project's X account was suspended on Saturday, with the reason currently unknown. This adjustment aims to increase transparency and accountability, and prevent similar incidents in the future.

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Aiccelerate DAO adjusted its structure in response to criticism of its launch, particularly the rapid sale of token allocations by insiders.

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Aiccelerate DAO will implement a vesting structure to limit the sale of individual allocations, and is discussing with advisors how to implement a similar structure for advisor allocations.

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Bankless Ventures was criticized for selling 10% of its allocation in a 'rash mistake' and later repurchased the tokens.

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Aiccelerate DAO's X account has been suspended, currently for an unknown reason.

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