#Accelerate DAO Locked Tokens#
Hot Topic Overview
Overview
Aiccelerate DAO, currently valued at $150 million, has sparked controversy due to some insiders rapidly dumping tokens after the project launch. In response to criticism, Aiccelerate DAO has pledged to implement token lockup mechanisms and a vesting structure for individual allocations. Bankless Ventures faced criticism for selling 10% of its allocation due to a "rash mistake" and subsequently repurchased the tokens. The project's X account has also been suspended for undisclosed reasons.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has faced controversy after some insiders rapidly sold their tokens following the project's launch. 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, a nearly 1000-fold increase from the initial funding. Bankless Ventures was criticized for selling 10% of its allocation due to an "impulsive mistake" before later repurchasing the tokens. Eliza Labs founder Shaw Walters donated 50% of his token allocation to the ai16z DAO and distributed 20% to other contributors, his initial 5 SOL investment has risen to approximately $2 million. In response to the controversy, Aiccelerate DAO stated that it "will be implementing a vesting structure for individual allocations and is in discussions with advisors on how to do the same for others." 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 insiders quickly sold their token allocations, sparking controversy.
Aiccelerate DAO will implement a token lock mechanism in response to the controversy.
Aiccelerate DAO will implement a vesting schedule for individual allocations.
Aiccelerate DAO's project market cap has reached $150 million, nearly 1000x its initial funding.