#Aiccelerate DAO commits to token lock-up.#
Hot Topic Overview
Overview
Aiccelerate DAO has promised to introduce a token lock mechanism in response to controversy surrounding insider selling. The project raised 943 SOL (about $175,000) on the Solana network, of which $75,000 came from VIP investors. The project now has a market capitalization of $150 million, an almost 1000x increase from its initial funding. However, some insiders quickly sold tokens after the project launched, sparking controversy. Bankless Ventures was criticized for selling 10% of its allocation due to an "impulsive mistake" and has since repurchased the tokens. In response to the controversy, Aiccelerate DAO said it "will be implementing vesting structures for individual allocations and is discussing with advisors on how to do the same."
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO (AICC) has been met with controversy after some insiders rapidly dumped tokens following the project's launch, prompting promises of a token lock mechanism. 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 now has a market capitalization of $150 million, a nearly 1000x increase from its initial funding. The controversy arose after Bankless Ventures was criticized by the community for selling its 10% token stake, before later repurchasing it. In response to the controversy, Aiccelerate DAO stated it will implement a vesting structure for individual allocations, and is discussing with advisors on how to do the same for advisors. The project's X account was also suspended on Saturday, with no known reason.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO promises to introduce a token lock mechanism in response to insider selling controversy
Aiccelerate DAO will add vesting structures in response to criticisms of the launch
Insider quickly sell tokens allocation sparked controversy
Bankless Ventures was criticized for selling 10% of its allocation due to a "knee-jerk mistake", and later repurchased the tokens