#Aiccelerate DAO pledges to lock tokens#
Hot Topic Overview
Overview
Aiccelerate DAO (AICC) is a DAO focused on crypto artificial intelligence that quickly sparked controversy upon launch, as some insiders rapidly dumped their tokens after the project's initiation. Notably, Bankless Ventures faced criticism for selling its 10% token stake, which it later repurchased. In response to the controversy, Aiccelerate DAO pledged to implement a token lock mechanism and introduce vesting schedules for individual allocations. The project raised 943 SOL (around $175,000) on the Daos.fun platform on the Solana network, and currently boasts a market cap of $150 million, nearly a 1000x increase from its initial fundraising.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has pledged to lock up tokens in response to controversy sparked by rapid token dumping by insiders. The DAO, focused on crypto artificial intelligence, has a market cap of $150 million, far exceeding its initial funding of $175,000. The controversy stemmed from insiders, such as Bankless Ventures, who participated in the project's presale, rapidly selling their token allocations after launch. Bankless Ventures was criticized for selling 10% of its allocation in a "rash mistake" and later re-purchased tokens. To quell the controversy, Aiccelerate DAO stated it will implement a vesting structure for individual allocations and is in discussions with advisors about how to handle advisors similarly. 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 promises to implement a token lock-up mechanism in response to controversy over insider selling.
Aiccelerate DAO will implement a vesting structure for individuals and is discussing with advisors how to do the same.
The launch of Aiccelerate DAO sparked criticism over the rapid sale of token allocations by insiders.
Aiccelerate DAO's market cap has reached $150 million, nearly 1000 times its initial funding.