Aiccelerate DAO promises to introduce token lock-up mechanism in response to insider selling controversy

Aiccelerate DAO (AICC), a cryptocurrency AI investment organization, has caused controversy due to some insiders quickly selling tokens after the project started. The project raised 943 SOL (approximately 175,000 US dollars) on the Daos.fun platform on the Solana network, with 75,000 US dollars coming from VIP investors. The project's market value has reached 1.5 billion US dollars, nearly 1000 times the initial financing.

Bankless Ventures re-bought its 10% token share after community criticism for selling it. Co-founders of the project include Markus Jun, Ejaaz Ahamadeen, and anonymous user Ropirito. Shaw Walters, founder of Eliza Labs, donated 50% of his token share to ai16z DAO, distributed 20% to other contributors, and his 5 SOL investment has appreciated to about 2 million US dollars.