#Accelerate DAO Locked Tokens#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto AI, has sparked controversy after some insiders quickly dumped tokens following its launch. The project raised 943 SOL on the Solana network, reaching a market cap of $150 million, but some insiders who participated in the presale, including Shaw Walters, the founder of Bankless Ventures and Eliza Labs, quickly sold their allocated tokens. Bankless Ventures faced criticism for selling 10% of its allocation in what it called an “impulsive mistake”, and later repurchased the tokens. In response to the controversy, Aiccelerate DAO has pledged to implement a token lock mechanism and vesting schedules for individual allocations to prevent similar incidents from happening in the future.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after a rapid token sell-off by insiders following its launch. The project raised approximately $17.5 million on the Solana network, bringing its market capitalization to $150 million. However, some insiders who participated in the presale, including Bankless Ventures and Eliza Labs founder Shaw Walters, swiftly sold their token allocations. Bankless Ventures faced criticism for selling its 10% allocation, only to later repurchase the tokens. In response to the controversy, Aiccelerate DAO has pledged to implement a token lock-up mechanism and a vesting structure for individual allocations. The project also stated it is in discussions with advisors about implementing similar mechanisms for advisor allocations. These measures are designed to prevent similar insider sell-off events in the future and boost investor confidence in the project.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO insiders quickly sell tokens, sparking controversy
Aiccelerate DAO pledges to implement token lockup mechanism in response to controversy
Aiccelerate DAO will implement vesting structure for individual allocations
The Aiccelerate DAO project has reached a market cap of $150 million, nearly 1000 times the initial funding