Is the inscription craze back? The on-chain AI Agent project raised 30,000 SOL overnight

Original｜오데일리 플래닛데일리

작가: jk

On Monday, December 23rd, local time in the United States, an X platform user with the ID Skely ( @123skely ) posted a long tweet.

Too long to read version:

In this tweet, he introduced an innovative project called AI-Pool, which re디파이nes the way 암호화폐currency tokens are issued by using AI agents and trusted execution environments (TEEs) . The core goal of the project is to solve the problems of running away and insiders in the traditional pre-sale model and create a fair, transparent and decentralized pre-sale mechanism.

Skely believes that there are problems such as TGE buying robots, trend robots, pre-/post-migration buying robots, comment robots, and trading volume manipulation robots in the current Pump.fun and other token issuances. These behaviors disrupt the market and create unfair competition.

So, instead of relying on a specific person or team to issue tokens, it is better to rely on AI Aigent:

• Functions of the AI agent: Protect private key security through TEE, accept fair fund donations on the chain, initiate token issuance, create liquidity pools, and distribute tokens fairly.

• Transparency and fairness: All transaction records are open, there is no internal preference, ensuring equal participation by 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 destruction.

• Profit model: Lower fees are charged through the Metoria liquidity pool, and most of the profits flow back to the AI wallet. It is planned to achieve full autonomy and DAO governance in the future.

그러므로, he provided a wallet for community crowdfunding, and the process after crowdfunding will be similar to the token issuance on Pump.fun, issuing the first experimental token. However, the name of the token has not yet been determined.

The original tweet is here. Readers who don’t want to delve into its motivations and technical features can just turn to the following:

Introducing AI-Pool (@aipool_tee)

What is this? In short, this is a brand new experiment to explore the autonomy of AI agents and pre-sale mechanisms. 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 it, here are the highlights:

We want to create a provably fair mechanism where there are no insiders and anyone can send SOL to participate. And I will also invest funds myself. We have reserved 10% of the token supply, but the details of its use will be explained below.

Key points (TL;DR): Through the AI pre-sale mechanism, the runaway problem can be avoided and the entire process can be made transparent and visible.

Background:

The current token issuance environment on the PumpFun platform is very bad, with the following problems:

• TGE Buying Bot: Buy tokens when they are generated.

• Trend Robot: Buy when the token trading volume is abnormal.

• Pre-migration buy bot: buy tokens when they migrate from PumpFun to Raydium.

• Post-migration rush purchase robot: rush purchase immediately after the migration is completed.

• Comment bots: Disguised as real user comments.

• Volume manipulation bots: Artificially creating volume to get a token to the top of the trending list.

These issues complicate the distribution environment, and the above problems are not just the responsibility of the platform.

Therefore, pre-sales become a solution. Daos.fun 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 most of the time the following problems will occur:

• They simply took the money away.

• The funds were not used for the purposes for which they were promised (e.g., to increase liquidity).

• The launch of the project was delayed for a long time (it took a long time to go online).

These issues are very common in pre-sales (like ICOs). Pre-sales can be a great way to start a new business if done right.

ICO is essentially a form of pre-sale, but due to some unreasonable protective measures, it is illegal in the United States. However, most of these protections were introduced because of the problems in points 1 and 2 above, which is understandable to some extent.

Since humans can’t legally issue tokens… can AI agents? That’s where AI agents come in!

Phala Network, other developers and I are working together on the same AI agent that can do the following:

• Hold a secure wallet through a Trusted Execution Environment (TEE).

• Donations accepted.

• Start token issuance.

• Create a liquidity pool.

• Distribute tokens to pre-sale participants.

TEE (Trusted Execution Environment) is a secure area within the processor that protects data and code (such as the private keys of an AI wallet) from tampering or unauthorized access.

Operation mechanism:

• You send SOL to the AI wallet address (minimum 1 SOL, maximum 10 SOL, less than 1 SOL is 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)

• The AI agent will collect the pre-sale funds and create a liquidity pool through Metoria (not PumpFun). It will own the liquidity pool and transfer the fees in the pool directly to the AIs wallet.

• AI will distribute tokens to qualified participants according to the pre-sale rules.

• Collect some of the funds for future projects and experiments.

So, how do you know I won’t “run away”? And how do we solve the “run away” and “insider” problems?

First, this is an AI agent, and it can be proven that its private keys are stored in a Trusted Execution Environment (TEE) created by @PhalaNetwork. This means that neither I nor the developers have access to these private keys. You can verify this through the terminal logs.

Source: X

Additionally, there is no insider problem because this is a public wallet and all transactions can be tracked, and no one person can get a better price than others. You can clearly see the funds coming in and going out. In the first version, we will send 10% of the token supply to a disclosed escrow wallet, and you can see exactly what these funds are used for.

But it should be noted that this is a brand new technology and there are risks! Don’t participate blindly!

As with most crypto projects, there are many risks here.

This is the V1 version, which is mainly used for actual combat testing of the technology and trial running 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 that is public and transparent and can be viewed by anyone. These funds may be used for future exchange listings, other feature integrations (such as cross-chain liquidity pools for tokens), or directly destroyed.

In addition, the V1 version is not completely runaway proof. Technically, developers can push code to change the rules, but this process takes about 24 hours. Of course, once the token is online and locked, the rules cannot be changed.

All this suggests that while this is an exciting innovation, participants need to fully understand the potential risks.

How do we make money?

A small fee is charged mainly through the Metoria liquidity pool. To be honest, the specific proportion of the fee has not yet been determined and may be adjusted according to the trading volume. But what is certain is that this fee is much lower than the fee charged by the PumpFun platform, and most of the proceeds will flow back to the wallet of the AI agent.

One of the reasons for setting a fee is as a security measure to prevent funds from being locked in the AI agent’s wallet.

Looking ahead, in V2 and subsequent versions, we plan to make AI agents fully autonomous and even integrate them into DAO governance. In this way, the fees will benefit all participants, and whitelist technology and blacklist mechanisms for snap-ups or malicious operations will be added to ensure the fairness of the rules.

I hope you all enjoyed this experiment!

At the bottom, he added: These are all implemented through the Eliza framework. In addition, ai16z developer Shaw also follows him on Twitter.

However, just a few minutes after the launch, the amount of SOL raised clearly exceeded the developers expectations. Skely tweeted his surprise and attached a picture showing that there are now more than 6,800 Solana in the wallet address. An hour later, he tweeted again: Everyone, stop sending funds! This is far beyond the limit, some of you have sent more than 10 SOL. One fierce guy directly sent 574 SOL. Please stop lol!

Skelys Twitter, source: X

He then added: “The AI will choose the token name itself (which should be fun). But if you have ideas, please feel free to suggest a token name or symbol via @aipool_tee!”

Obviously, while this form of crowdfunding has attracted a lot of support from the community, it has also attracted doubts from some members. In the comment section of the tweet, a user asked several questions in one go:

• The AI will allocate tokens to investors it deems worthy, so does that mean I could send 1 SOL and not get any allocation? Or do you mean that only people who send less than 1 SOL are not considered worthy?

• Is there a cap on this fundraising?

• Will the AI notify investors that the cap has been reached? Once the cap is reached, will the AI return the excess SOL or keep it as a fee?

These are all questions that were completely unanswered in the original tweet. Skely responded to the cap question: By the way, to explain why we cant set a cap, its because this is an AI agents wallet. Its like asking me to set a cap on someones wallet, its not realistic. We do have a contingency plan for those who throw crazy money, but please read my previous post first to understand how it works. Please, stop sending SOL!

He then explained a bigger vision, wanting to be the pump.fun of AI: “Specifically, every 24 hours, the liquidity pool fees will accumulate (through the flow of old coins into the AI wallet), and then the AI will automatically start a new token issuance every 24 hours. This process is cyclical, so if you want to avoid rushers, 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 sift through a bunch of tokens on PumpFun, but can directly participate in the AI’s token issuance and bet on the performance of the AI. In addition, I have some other ideas, but this is the general direction for now.”

aiPOOL architecture, source: X

Currently, the @aipool_tee account has more than 3,000 followers, but the account itself does not publish much valuable content. It is more like an AI that is playing on its own without being given specific rules.

However, in stark contrast, as of the time of writing, the address controlled by the AI Agent has crowdfunded 31,603.3 SOL (worth $6,051,401.55), far exceeding the developers expectations and still growing.

This change is very similar to the inscription craze of the same period last year. Many inscriptions received excessive crowdfunding when their uses were not yet clear and the first wave of tweets were just released. Will the AI Agent market become the next inscription market? Odaily Planet Daily will continue to follow up and report for you.

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