#Aiccelerate DAO pledges to lock tokens#
Hot Topic Overview
Overview
Aiccelerate DAO has pledged to implement a token lock-up mechanism in response to controversy surrounding insider selling. The project has drawn criticism after some insiders quickly dumped tokens after the launch, with the project now boasting a $150 million market capitalization, almost a 1,000x increase from initial funding. In response to the controversy, Aiccelerate DAO says it will implement vesting structures for individuals and is currently discussing with advisors how to do the same. Bankless Ventures was criticized for selling 10% of its allocation for a "rash mistake" and later repurchased the tokens. The project's X account was also suspended on Saturday, with the reason for the suspension currently unknown.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has pledged to lock tokens in response to controversy surrounding insider selling. The DAO, which focuses on crypto-AI, has a market cap of $150 million, but has drawn criticism for some insiders rapidly selling tokens after the project launched. Notably, Bankless Ventures was criticized for selling 10% of its allocation in what it called an “impulsive mistake,” later repurchasing the tokens. In response to the controversy, Aiccelerate DAO has said it will implement a vesting structure for individual allocations and is in discussions with advisors on how to do the same. The project's X account has also been temporarily suspended, 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 insider selling controversy.
Aiccelerate DAO will implement vesting structures 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 capitalization has reached $150 million, nearly a 1000x increase from its initial funding.