AICC fell more than 75% in 3 days: When VC disk "gets involved" in AI Agent tokens

Author: Wenser, Odaily Planet Daily

In just 3 days, Aiccelerate dao, which is known as "the DAO organization that accelerates the integration of cryptocurrency and artificial intelligence", has completed the reversal from being the focus of attention to being attacked by the crowd. People have to lament the rhythm of the encryption market. Fast and sensitive to market sentiment. As of writing, the AICC token price is temporarily reported at US$0.084, and the market value is temporarily reported at US$92.5 million. Compared with the high point of over US$400 million, the market value has dropped by more than 75%.

At the same time, the consultants who can be called the "luxury team" behind the project operate in different ways, and the community also has different attitudes towards it. Odaily Planet Daily will sort out and summarize AICC-related events in this article for readers’ review reference.

A "game-based coin issuance drama": AICC One-Day Speed ​​Pass

On January 10, a tweet from Aiccelerate dao once again triggered the market’s expectations for the AI ​​Agent token. However, unlike the previous tokens that were more community-oriented, this project is more like a "save-style VC disk" ”.

On January 9, the project announcement mentioned that the DAO will focus on promoting decentralized, open source AI development and supporting high-potential projects in different ecosystems. In addition, Aiccelerate positions itself as a DAO that pays equal attention to investment and development. Its main mission is to drive innovation in what it calls "AI Agents." The DAO aims to build a collaborative community of top developers across multiple frameworks. These experts will contribute to a series of agents and tools designed to advance the organization's goals. The list of developer advisors includes ai16z founder Shaw, Virtuals Protocol core contributor EtherMage, EigenLayer developer relations director Nader Dabit, Story Protocol co-founder Jason Zhao, Abstract core contributor Cygaar; investor advisors include Andrew Kang and Marc of Mechanism Capital Weinstein, Justin Lee of Coinbase Ventures and Anil Lulla of Delphi Digital; researcher consultants include daos.fun founders Baoskee, ai16z Skely and others; external consultants include Bankless DAO founder David Hoffman and Lianchuang Ryan Sean Adams and well-known crypto KOL Threadguy.

Developer Advisor List

List of investor advisors

List of researchers and outreach consultants

AICC core team list

Previously, the OTC price of AICC tokens on the whitelist for fundraising was once as high as thousands of dollars, but it was still priceless. Thanks to the popularity and past performance of the core team and the team of consultants behind it in the cryptocurrency industry, market expectations for the token have also been rising. Many people believe that the revenue will increase by at least 20 times.

However, people still underestimate the market 's FOMO sentiment on AI sector tokens, the only hot topic in recent times.

At about 10 o'clock on January 11, after the fundraising ended, AICC quietly officially opened on the chain, and its market value once exceeded US$400 million. An hour later, its price soared to US$0.21, and its market value rose to US$230 million. Afterwards, it once again exceeded US$370 million, becoming another "AI sector speed pass". According to media sources, AICC has raised a total of 943 SOL, worth approximately US$175,000, of which approximately US$75,000 comes from the project’s “VIP”—the co-founders and advisory team; the remaining approximately US$100,000 comes from other insiders. Each person has previously committed up to 2 SOL.

As a result, the price of AICC has increased more than 1,000 times compared to the price at the time of fundraising; according to data platform information provided by @0x_ultra, the top five profitable addresses of AICC have made a total profit of more than 1.31 million US dollars. These five The total address invested only 4.5 SOLs. Based on this calculation, the profit margin has been approximately 7907 times. In addition, according to statistics from this data panel, the number of people who have liquidated profits in AICC has reached 62, accounting for 25.9% of the total number of 239 people.

AICC token crash data statistics panel

The rapid selling by "insiders" quickly focused the market's attention on the key issue of the token distribution structure.

Cryptozoology behind AICC: VIP selling, consultant response, ecological

donation

As the price of AICC took off rapidly, there were many people taking profits, and all parties involved also gave their own responses with different attitudes, which can be called a "crypto-like appearance".

VIP Smashing: Human nature cannot withstand the test of thousands of

times of profits

Bankless Ventures sold 10% of its token allocation soon after the AICC token was launched. After being questioned and criticized by the community, founder David Hoffman and co-founder Ryan Sean Adams, who are the faces of Bankless, had to give a positive response:

Initially, David Hoffman stated: “(I) agree that Bankless Ventures should not have sold tokens – it was an impulsive mistake, we have bought back all the tokens sold, restored them to full volume, and are discussing a self-imposed vesting schedule.”

Subsequently, David Hoffman posted another picture (dictated from the perspective of another co-founder Ryan Adams) in response to the "AICC crash incident." Ryan said that he and David Hoffman, another co-founder of Bankless, each invested 5 SOL in Aiccelerate in their own names. In addition, Bankless Ventures also invested 2 SOL in the name of the fund. The person in charge of this investment is GP Ben Lakoff. Afterwards, Bankless Ventures sold 8% of the fund shares (now repurchased). Ryan said that he and David were not aware of the sale, and Ben himself did not know the situation of Aiccelerate. The sale was only based on transaction thinking. It was a huge mistake, the first time this happened, and Ben was sad about it. Ryan finally clarified again that he and David had never sold individual shares.

" I had no idea they would do this, and when I found out, I immediately expressed my disgust at this behavior," Aiccelerate dao project co-founder Ejaaz Ahamadeen wrote on X, referring to the sale of Bankless Ventures.

Although the smash-up was later clarified, the market and community 's trust in Bankless dropped to freezing point.

Consultant’s response: The founder of ai16z angrily denounced AICC as a

vampire attack and deleted his article after claiming he was exploited

In this AICC token issuance controversy, Shaw, the founder of ai16z, who has recently received great attention from the market due to the AI ​​Agent wave, is undoubtedly at the center of the storm.

Previously, Shaw posted that he donated half of the AICC token allocation to ai16z DAO and 20% to other contributors. “It’s crazy to see 5 SOL turn into $2 million,” but he still acknowledged the criticism and said, “I hope Daos.fun can do some form of vesting or locking in the future so that it feels more fair to launch. Some."

Later, perhaps because the criticism from the ai16z DAO community and other crypto communities was too fierce, Shaw published a long article to fight back at around 3 a.m. today, which roughly means: As the largest DAO organization on daos.fun, it was created However, Shaw has not previously supported other projects on daos.fun, and has only supported 2 projects - one he thinks is very interesting (Odaily Planet Daily Note: This should be the previous fundraising of more than 30,000 SOL Ai pool project METAV), and the other is AICC created by community partners. Furthermore, the reason he is angry about the AICC token launch is that the entire project feels like a vampire attack, with his name and DAO brand being exploited. Despite this, AICC is still a fair game and complies with the platform rules of daos.fun. It is just that due to the whitelist issuance mechanism, most people do not benefit and are therefore attacked. From this, he stated that he was withdrawing from Meme coins because this culture is toxic and behind it is a group of cancel culture babies who pretend to be avant-garde and anti-woke. Finally, Shaw said that from now on, follow-up contact will only be with AI people and real builders. Currently, the tweet has been deleted.

It can be seen that Shaw was also deeply injured in the AICC token issuance incident: on the one hand, his reputation was damaged; on the other hand, he was mentally traumatized. And this naturally stems from his choice to support the AICC project.

Shaw deletes part of tweet

Ecological donation: The founders behind Story Lianchuang and ARC choose

to repay projects

The other "VIPs" who profited from the market were different. Story co-creator Jason Zhao and the founder behind the Arc project chose to feed their profits back to their own ecology.

Jason Zhao posted that he will donate all his personal AICC tokens (worth approximately US$1.78 million) for the construction of Story and other open source AI projects on the blockchain. He will donate his first million dollars in the form of AICC tokens to high-quality teams building open source projects that, while promoting the development of AI, also support Story's vision of a universal IP system for AI. Donations will be made based on project milestones, the process is fully transparent, and all tokens will be used for research purposes.

Tachi, founder of Playgrounds, the team behind Arc (AI Rig Complex), also posted: "Today, the team has transferred 100% of the AICC token allocation directly to the Arc Treasury to ensure that all tokens serve the long-term interests of the community. At the same time, the team plans Create an AICC/ARC liquidity pair using 30% of AICC tokens, which will incur fees and return to Arc Treasury. These fees will help fund ecosystem initiatives, incentivize developer contributions, and further enrich Complex. The remaining 70% of AICC tokens are locked in the escrow contract, with the beneficiary being Arc Treasury, and will be vested linearly over the next year. "

Compared with other vested interests, these two parties are undoubtedly more skillful in handling the situation, and it can be said to be a win-win choice for all parties.

Official response: Determined to develop AI Agent and secure token funds

In the face of this series of dramatic plots, Aiccelerate dao officials also gave their own statement.

Face community doubts and solve problems head-on

At about 1 a.m., Aiccelerate dao posted: "We have taken note of community doubts and controversies and hope to address these issues head-on. Transparency and trust are at the core of our values, and we are fully committed to building lasting products, not quick wins. In order to Reinforcing this commitment: 1. The core team will implement a vesting structure for individual assignments and are in discussions with advisors to do the same, ensuring alignment with the long-term success of this DAO; 2. We are already working hard to develop the first AI Agent (Research Agent) and create a structure to support the broader vision, more information will be shared in the coming weeks; 3. We would like to emphasize again that 100% of the DAO treasury funds will be used for DAO investment and the community and we will stick to it for the long term. , please pay attention to the follow-up progress. ”

DAO funds have been moved to a secure wallet and no tokens have been

sold or lost

In the afternoon, Aiccelerate dao officially issued another statement stating that the DAO funds had been transferred to a secure wallet and no tokens had been sold or lost. As part of preparations for the long road ahead, action will be taken to protect the treasury in a safe and compliant manner, reiterating that no funds were sold or lost and publishing relevant wallet addresses.

Conclusion: The emergence of VC disk announces that the AI ​​Agent token

track has entered the second half

According to GMGN data, as of the time of writing, the price of AICC has fallen below US$0.07 to US$0.0677, a 24-hour drop of about 45%; the market value has dropped to US$74.5 million, which has fallen from the previous market value high of US$370 million. Nearly 80%.

In addition to being affected by the broader market decline, AICC's farcical development path has also become a major reason for poor price performance. However, based on this year's narrative development route, if AICC and Aiccelerate can still successfully launch their own AI Agent products and even development frameworks, they may still have a certain price rebound potential.

In any case, the emergence of AICC, which relies on the daos.fun platform and gathers many crypto celebrities, KOLs and industry professionals, has proven one thing: the space left for wild community projects on the AI ​​Agent token track is also constantly shrinking. The AI ​​Agent and its token projects need new narratives or growth points to gain favor from market liquidity.