Aiccelerate DAO will increase token vesting in response to criticism of launch

PANews reported on January 12 that according to The block, the launch of Aiccelerate DAO (AICC), which focuses on encrypted artificial intelligence, is currently worth approximately US$150 million, triggering community criticism. The project distributed 100% of its tokens to 245 advisors and insiders, some of whom sold their allocations after the token surge.

Aiccelerate went live on startup platform Daos.fun after raising 943 SOL from invitees in a pre-sale round, worth about $175,000 at current prices. About $75,000 came from “VIPs,” the project’s co-founders and advisors, including Eliza Labs founders, venture capital investors from companies such as Coinbase Ventures, and others. The remaining ~$100k came from other insiders, who each had up to 2 SOL.

Aiccelerate DAO, co-founded by Markus Jun, Ejaaz Ahamadeen, and user Ropirito under the pseudonym However, controversy soon arose after some X users noticed that some insiders appeared to be selling off their initial allocations quickly.

Bankless Ventures sold 10% of its allocation in AICC soon after its launch. The organization later bought back the tokens after X received criticism. Bankless co-founder David Hoffman tweeted: "I agree that Bankless Ventures should not have sold tokens. It was an impulsive mistake." "We have repurchased all tokens sold and the volume has returned to original levels, and A self-imposed vesting schedule is being discussed.”

Some X users noticed that some users who were invited to the pre-sale had little activity or attention on X. However, technical issues with the Daos.fun invitation system caused some users to create temporary accounts to obtain allocations.

Ejaaz Ahamadeen wrote on

The AICC responded to the controversy in a post on its X account, which was suspended on Saturday for unknown reasons. In the post, the DAO said it “will increase token allocations for individuals and is in discussions with advisors.” The DAO also reiterated its intentions to build for the long term.

Amid the controversy, Eliza Labs founder Shaw Walters posted on X that he was donating half of his allocation to the ai16z DAO and 20% to other contributors. "I hope Daos.fun will have some form of vesting or locking in the future so it feels a little fairer to launch."