#Aiccelerate DAO commits to locking tokens#

Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy after insiders quickly dumped tokens following its launch. The project raised 943 SOL (about $175,000) on the Daos.fun platform on the Solana network, with $75,000 coming from VIP investors. The project's market cap has reached $150 million, a near 1000x increase from its initial funding. However, some insiders who participated in the presale, including Bankless Ventures and Eliza Labs founder Shaw Walters, quickly sold their token allocations after the project launched, drawing criticism from the community. Bankless Ventures was criticized for selling 10% of its allocation in a "rash mistake" before later repurchasing the tokens. In response to the controversy, Aiccelerate DAO has pledged to implement vesting structures for individual allocations and is discussing with advisors how to do the same. The project's X account was also suspended on Saturday for unknown reasons. The incident has raised concerns about DAO governance and token lockup mechanisms, reminding investors to be cautious when investing in DAO projects and to pay attention to the project team's reputation and governance mechanisms.