#Accelerate DAO Locked Tokens#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto AI, has sparked controversy after insiders rapidly dumped tokens following the project's launch. The project, which raised 943 SOL on the Solana network and has a market cap of $150 million, saw some insiders who participated in the presale, including Bankless Ventures and Eliza Labs founder Shaw Walters, quickly sell their token allocations. Bankless Ventures bought back its 10% share after facing community criticism, while Walters donated his 50% share to the ai16z DAO. In response to the controversy, Aiccelerate DAO pledged to implement token locking mechanisms and vesting structures for individual allocations to prevent similar events from happening again.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after insiders rapidly 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, founder of Bankless Ventures and Eliza Labs, quickly sold their token allocations after the project launched. Bankless Ventures faced criticism for selling 10% of its allocation, but later repurchased the tokens. In response to the controversy, Aiccelerate DAO has pledged to implement token locking mechanisms and vesting structures for individual allocations to prevent similar events from happening again. The project also suspended its X account, for reasons currently unknown.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO promises to implement token locking mechanisms in response to insider selling controversy
Aiccelerate DAO will implement vesting structures for individuals and is in discussions with advisors on how to do the same
Bankless Ventures was criticized for selling 10% of its allocation in an "impulsive error" and later repurchased tokens
The Aiccelerate DAO project has a market capitalization of $150 million, nearly 1000x growth since its initial funding