Original | Odaily
Author | jk
On Monday, December 23, local time in the United States, a user with the ID Skely (@123skely) on the X platform posted a long tweet.
TL;DR:
In this tweet, he introduced an innovative project called AI-Pool, which uses AI agents and Trusted Execution Environments (TEEs) to issue tokens, redefining the token issuance model of cryptocurrencies. The core goal of the project is to solve the problems of "rug pulls" and "insider issues" in traditional pre-sale models, and create a fair, transparent, and decentralized pre-sale mechanism.
Skely believes that the current token issuance environment on Pump.fun and other platforms has issues such as TGE bots, trend bots, pre/post-migration bots, comment bots, and transaction volume manipulation bots. These behaviors disrupt the market and create unfair competition.
So, instead of relying on a specific person or team to issue tokens, it's better to rely on an AI agent:
AI agent's functions: Protect the private key securely through TEE, accept on-chain fair donations, initiate token issuance, create liquidity pools, and fairly distribute tokens.
Transparency and fairness: All transaction records are public, with no internal discounts, ensuring equal participation for everyone.
Use of funds: 10% of the token supply will be locked in a custodial wallet for future exchange listings, cross-chain liquidity pools, or burning.
Profit model: Charge a low fee through the Metoria liquidity pool, with most of the revenue flowing back to the AI wallet, and plans to achieve full autonomy and DAO governance in the future.
So, he provided a wallet for community crowdfunding, and the process after crowdfunding will be similar to token issuance on Pump.fun, with the first experimental token to be issued. However, the name of the current token has not yet been determined.
The original tweet is here, and readers who don't want to delve into the motivations and technical features can skip to the following:
Introducing AI-Pool (@aipool_tee)
What is this? In simple terms, this is a brand new experiment exploring the autonomy and pre-sale mechanism of AI agents. My goal is to make the token issuance field more fair and transparent, and reduce malicious behavior. If you don't have time to read in detail, here are the key points:
We want to create a mechanism that proves fairness, with no "insiders", and anyone can send SOL to participate. I will also invest my own funds. We have reserved 10% of the token supply, but the specific use will be explained below.
Key summary (TL;DR): Through the AI pre-sale mechanism, avoid the "rug pull" problem and ensure the entire process is transparent and visible.
Problem background:
The current token issuance environment on the PumpFun platform is very poor, with the following issues:
TGE bots: Grab tokens during token generation.
Trend bots: Buy when the trading volume of a token is abnormal.
Pre-migration bots: Grab tokens when they migrate from PumpFun to Raydium.
Post-migration bots: Immediately grab tokens after migration is complete.
Comment bots: Pretend to be real users and comment.
Transaction volume manipulation bots: Artificially create trading volume to put the token on the trending list.
These problems make the issuance environment complex, and the above issues are not just the platform's responsibility.
Therefore, pre-sales become a solution. Daos.fun has introduced a whitelist and pre-sale model, which is a good solution, but still requires a lot of trust (and time). You need to trust the recipient of the pre-sale funds, and in most cases, the following problems will occur:
They directly run away with the funds.
The funds are not used for the promised purpose (such as increasing liquidity).
The project launch is delayed for a long time ("time rug pull").
These problems are very common in pre-sales (such as ICOs). If done properly, pre-sales can indeed be a good way.
ICOs are essentially a form of pre-sale, but due to some unreasonable "protective measures", they are illegal in the United States. However, these protective measures were largely introduced because of the above first and second points, and can be understood to some extent.
Since humans cannot legally issue tokens... Can AI agents do it? This is the significance of the AI agent's entry!
I am working with Phala Network and other developers on the same AI agent, which can achieve the following functions:
Hold a secure wallet through Trusted Execution Environment (TEE).
Accept donations.
Initiate token issuance.
Create liquidity pools.
Distribute tokens to pre-sale participants.
TEE (Trusted Execution Environment) is a secure area within the processor that can protect data and code (such as the private key of the AI wallet) from tampering or unauthorized access.
Operating mechanism:
You will send SOL to the AI wallet address (minimum 1 SOL, maximum 10 SOL, less than 1 SOL will be considered a donation). Wallet address: opRyDjuRetWnsP 78 FNFTPEnAJX 7 AkjuD 6 GTP 7 tsqHXd (interested readers can check the real-time balance of the address on Solscan themselves)
The AI agent will collect the pre-sale funds, create a liquidity pool through Metoria (instead of PumpFun). It will own this liquidity pool and directly transfer the pool's fees to the AI's wallet.
The AI will distribute tokens to qualified participants according to the pre-sale rules.
Collect a portion of the funds for future projects and experiments.
So how do you know I won't "rug pull"? How do we solve the "rug pull" and "insider" issues?
First, this is an AI agent, and its private key can be proven to be stored in a Trusted Execution Environment (TEE) created by @PhalaNetwork. This means that neither I nor the developers can access these private keys. You can verify this through the terminal logs.
Source: X
Furthermore, there is no "insider" issue, as this is a public wallet, and all transactions can be tracked, with no one able to get a more favorable price than others. You can clearly see the inflow and outflow of funds. In the first version, we will send 10% of the token supply to a disclosed custodial wallet, and you can check the specific use of these funds.
However, it should be noted that this is a brand new technology, and there are risks! Don't participate blindly!
Like most crypto projects, there are many risks here.
This is the V1 version, mainly for practical testing of the technology, and a trial run of some issues that cannot be verified in a non-public environment.
In the V1 version, 10% of the token supply will be sent to a custodial wallet, which is publicly transparent and anyone can view. These funds may be used for future exchange listings, other feature integrations (such as cross-chain liquidity pools for the tokens), or directly burned.
Additionally, the V1 version is not completely "rug pull" proof. Technically, the developers can push code to change the rules, but this process takes about 24 hours. Of course, once the tokens are launched and locked, the rules will be immutable.
All of this indicates that although this is an exciting innovation, participants need to fully understand the potential risks.
How do we make a profit?
Mainly through a small fee charged on the Metoria liquidity pool. To be honest, the specific fee percentage has not yet been determined and may be adjusted based on trading volume. But it can be assured that this fee is far lower than the charges on the PumpFun platform, and most of the revenue will flow back to the AI agent's wallet.
One of the reasons for setting the fee is as a safeguard to prevent funds from being locked in the AI agent's wallet.
Looking to the future, in V2 and subsequent versions, we plan to make the AI agent fully autonomous, even integrating it into DAO governance. In this way, the fee revenue will benefit all participants, and we will also add a whitelist technology and a blacklist mechanism against scalping or malicious operations to ensure the fairness of the rules.
We hope you will enjoy this experiment!
At the bottom, he also added a sentence: "All of this was achieved through the Eliza framework." In addition, Shaw, the developer of ai16z, also followed him on Twitter.
However, just a few dozen minutes after the launch, the SOL raised obviously exceeded the developer's expectations. Skely tweeted that he was very surprised, and attached a picture showing that the wallet address currently had over 6,800 Solana. An hour later, he tweeted again: "Everyone, stop sending funds! This has far exceeded the cap, some of you have sent over 10 SOL. A beast sent 574 SOL directly. Please stop for a moment lol!"
Skely's tweet, source: X
Later, he also sent some additional information: "The AI will choose the token name itself (this should be fun). But if you have any ideas, feel free to suggest token names or symbols through @aipool_tee!"
Clearly, this form of crowdfunding has not only received crazy funding from the community, but also raised doubts from some members; in the comments of the tweet, a user asked several questions at once:
Will the AI allocate tokens to investors it deems qualified, does that mean I might send 1 SOL but not get allocated? Or do you mean only those who send less than 1 SOL are not considered worthy?
Is there a cap on this fundraising?
Will the AI notify investors when the cap is reached? Once the cap is reached, will the AI refund the excess SOL or keep it as a fee?
These were all questions that were not answered at all in the original tweet. Skely responded to the cap issue: "By the way, let me explain why we can't 'set a cap', it's because this is a wallet of an AI agent. It's like asking me to set a cap on someone else's wallet, it's not realistic. We do have an emergency plan for those who are crazy about sending money, but please read the previous post I published to understand the specific operating mechanism. Please don't send SOL anymore!"
Later, he also explained a bigger vision, wanting to create an AI version of pump.fun: "Specifically, the transaction fees in the liquidity pool will accumulate every 24 hours (through the inflow of old coins into the AI wallet), and then the AI will automatically launch a new token issuance every 24 hours. This process is cyclical, so if you want to avoid scalpers, you can choose to participate in the pre-sale. Of course, there are still many details to be perfected in this system.In this way, you don't need to filter through a bunch of tokens on PumpFun, but can directly participate in the token issuance of the AI, and take a gamble on the performance of the AI.In addition, I have some other ideas, but this is the general direction so far."
aiPOOL architecture, source: X
Currently, the @aipool_tee account has over 3,000 followers, but the account itself has not published much valuable content, and more like an AI that has not given specific rules to play.
But in stark contrast, as of the time of writing this article, the address controlled by this AI Agent has crowdfunded 31,603.3 SOL (worth $6,051,401.55), far exceeding the developer's expectations, and is still growing.
This part of the change is very similar to the Mint craze of the same period last year, where many Mints received excessive crowdfunding even before their use case was clear and they had just sent out the first wave of tweets. Will the AI Agent market become the next Mint market? Odaily will continue to track and report on this.
