After Aiccelerate launched AICC, some insiders sold the allocated tokens and planned to increase the vesting structure to respond to doubts

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ODAILY
01-12
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Odaily Report: A new decentralized autonomous organization (DAO) called Aiccelerate, aimed at accelerating the integration of cryptocurrencies and artificial intelligence (AI), has distributed 100% of its project tokens to 245 advisors and insiders after launching the AICC token. Some of these individuals have sold their allocations shortly after the project's value increased. Aiccelerate launched its "memefund" platform Daos.fun on Solana, where it previously raised 943 SOL, worth around $175,000 at current prices, from invited participants in the presale. Approximately $75,000 came from "VIPs," including the project's co-founders and advisors, such as the founder of Eliza Labs, the co-founders of the crypto media organization Bankless, and venture capitalists from Coinbase Ventures. The remaining $100,000 came from other insiders, who each committed a maximum of 2 SOL. The DAO was co-founded by Markus Jun, Ejaaz Ahamadeen, and X user Ropirito, and its current market value is around $150 million, nearly 1,000 times its initial fundraising. However, some X users have noticed that some insiders appear to have quickly sold their initial allocations, sparking controversy. Bankless Ventures sold 10% of its allocation shortly after the AICC launch. After receiving criticism, the organization later bought back the tokens. "I agree that Bankless Ventures should not have sold the tokens - it was an impulsive mistake," Bankless co-founder David Hoffman wrote on X, "We have now bought back all the sold tokens, restored to the full amount, and are discussing a self-imposed vesting schedule." "I didn't know they would do that, and when I found out, I immediately expressed my disgust at such behavior," Ahamadeen wrote on X regarding the Bankless Ventures sale. Hoffman, Jun, and Ahamadeen did not immediately respond to requests for comment. Some X users noticed that certain users invited to the presale had little to no activity or engagement on X. However, technical issues with the Daos.fun invitation system led some users to create temporary accounts to receive allocations. "I know a lot of people have been moving funds to more secure wallets rather than leaving them in hot wallets," Ahamadeen wrote on X. Another insider described issues with "syncing" their original account. In the midst of the controversy, Eliza Labs founder Shaw Walters posted on X that he had donated half of his allocation to the ai16z DAO and 20% to other contributors. "Seeing 5 SOL turn into $2 million is just crazy," Walters wrote, then acknowledged the criticisms, "I hope Daos.fun can do some form of vesting or locking in the future, so the launch feels a bit more fair," Walters said. (The Block) Previously, Aiccelerate stated that as the DAO has officially launched, it will be making some updates in the next 1-2 weeks, including: 1) Initial investment in the team; 2) The strategy and roadmap of the internal development team (currently building proxies and infrastructure); 3) Establishing key partnerships with leaders.

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