AICC event follow-up: When VCs get involved in AI Agent tokens

اصل | روزانہ سیارہ روزانہ ( @OdailyChina )

مصنف: وینسر ( @ وینسر 2010 )

In just three days, Aiccelerate dao, which claims to be a DAO organization that accelerates the integration of کرپٹوcurrency and artificial intelligence, has gone from being the center of attention to being attacked by everyone. It makes people sigh at the fast pace of the crypto market and the sensitivity of market sentiment. As of the time of writing, the price of AICC tokens is temporarily reported at $0.084, and the market value is temporarily reported at $92.5 million, which has fallen by more than 75% compared to the high point of more than $400 million.

At the same time, the consultants behind the project, who are known as the luxury team, have different operations, and the community has different attitudes towards this. Odaily Planet Daily will sort out and summarize AICC-related events in this article for readers to review and refer to.

A coin issuance drama: AICC one-day quick pass

On January 10, ایک ٹویٹ سے Aiccelerate dao once again ignited the markets expectations for AI Agent tokens, but unlike previous tokens that were more community-oriented, this project is more like a VC-style platform.

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 focuses on both investment and development. Its main mission is to promote innovation in the field of what it calls AI Agent. The DAO aims to build a collaborative community of top developers in multiple frameworks. These experts will contribute to a range of agents and tools designed to advance the organizations 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, and Abstract core contributor Cygaar; investor advisors include Andrew Kang and Marc Weinstein of Mechanism Capital, Justin Lee of Coinbase Ventures, and Anil Lulla of Delphi Digital; researcher advisors include daos.fun founder Baoskee, ai16z Skely, and others; external advisors include Bankless DAO founder David Hoffman and co-founder Ryan Sean Adams and well-known crypto KOL Threadguy.

Developer Advisor List

List of Investor Advisors

List of Researchers and External Consultants

AICC core team list

Previously, the over-the-counter price of AICC tokens for fundraising was once as high as thousands of dollars, but there was still no market. Thanks to the core team and the consultants behind them, who are well-known in the cryptocurrency industry and have performed well in the past, the markets expectations for the tokens have also risen, and many people believe that the returns will be at least 20 times.

But people still underestimated the markets FOMO sentiment on AI sector tokens, the only big hot spot in the near future.

At 10:00 on January 11, after the fundraising ended, AICC quietly opened on the chain, and its market value once exceeded 400 million US dollars; one hour later , its price had soared to 0.21 US dollars, and its market value rose to 230 million US dollars, and then exceeded 370 million US dollars again, becoming another AI sector fast pass. کے مطابق میڈیا رپورٹس , AICC has raised a total of 943 SOLs, worth about 175,000 US dollars, of which about 75,000 US dollars came from the projects VIP – co-founders and advisory team; the remaining about 100,000 US dollars came from other insiders, each of whom had previously promised to invest up to 2 SOL.

As a result, the price of AICC has increased by more than 1,000 times compared to the price at the time of fundraising; according to the data platform information provided by @0x_ultra, the top 5 profitable addresses of AICC have made a total profit of more than 1.31 million US dollars. These 5 addresses have invested only 4.5 SOLs in total, which means that the profit rate has been calculated to be about 7,907 times. In addition, according to the statistics of the data panel, the number of people who have profited and sold AICC has reached 62, accounting for 25.9% of the total number of 239 people.

AICC Token Crash Data Statistics Panel

The rapid sell-off by “insiders” quickly focused the market’s attention on the key issue of token distribution structure.

The crypto world behind AICC: VIP dumping, consultant response, and ecosystem donations

As the price of AICC took off quickly, many people took profits, and the parties involved also responded with different attitudes, which can be described as a crypto world.

VIP dump: Human nature cannot withstand the test of thousands of times the profit

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

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

Later , David Hoffman posted another picture (narrated from the perspective of another co-founder Ryan Adams) to respond to the AICC dumping incident. Ryan said that he and David Hoffman, another co-founder of Bankless, invested 5 SOL in Aiccelerate in their personal names. In addition, Bankless Ventures also invested 2 SOL in the name of the fund. The person in charge of this investment was 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 understand the situation of Aiccelerate. The sale was only based on transaction thinking. This was a huge mistake. This was the first time this happened, and Ben was very sad about it. Ryan finally clarified again that he and David had never sold their personal shares.

“I had no idea they were going to do this and when I found out I immediately expressed my disgust at this behavior,” Ejaaz Ahamadeen, co-founder of Aiccelerate dao, wrote in X about the Bankless Ventures sale.

Although the crash was later clarified, the market and communitys trust in Bankless has dropped to freezing point.

Consultant responds: ai16z founder denounces AICC as a vampire attack, claims he was exploited and then deleted the post

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

Previously, Shaw wrote that half of the AICC token allocation was donated to ai16z DAO and 20% to other contributors. Its crazy to see 5 SOL turn into $2 million, but he still acknowledged the criticism and said, I hope Daos.fun will do some form of vesting or locking in the future, so that it will feel fairer to start.

Later, perhaps because the criticism from the ai16z DAO community and other crypto communities was too intense, Shaw released another long article at around 3 a.m. today to fight back. The general meaning is: As the creator of the largest DAO organization on daos.fun, Shaw has not previously supported other projects on daos.fun, and has only supported two projects – one is considered very interesting (Odaily Planet Daily Note: This should be the Ai pool project METAV that previously raised more than 30,000 SOLs) , and the other is AICC created by community partners. In addition, the reason why he was angry about the release of the AICC token is that the entire project feels like a vampire attack, and his name and DAO brand have been exploited. Despite this, AICC is still a fair game and complies with the platform rules of daos.fun, but it is attacked because most people have not benefited due to the whitelist issuance mechanism. As a result, he said 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-awakening. Finally, Shaw said that from now on, follow-up will only be with AI personnel and real Builders. At present, the tweet has been deleted.

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

Shaw deleted part of the tweet

Ecosystem donation: The founders behind Story Lianchuang and ARC choose to give back to the project

However, other “VIPs” who made profits from the market crash were different. Jason Zhao, co-founder of Story and the founder behind the Arc project chose to feed their profits back to their own ecosystem.

Jason Zhao اعلان کیا that he will donate all his AICC tokens (worth about $1.78 million) to build open source AI projects on Story and other blockchains. He will donate his first million dollars in AICC tokens to high-quality teams building open source projects that promote AI development while supporting Storys vision of a universal AI IP system. Donations will be based on project milestones, the process is completely transparent, and all tokens will be used for research purposes.

Tachi, founder of Playgrounds, the team behind Arc (AI Rig Complex), also پوسٹ کیا گیا : 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 to use 30% of the AICC tokens to create AICC/ARC liquidity pairs, which will incur fees and return to the Arc Treasury. These fees will help fund ecosystem initiatives, incentivize developer contributions, and further enrich Complex. The remaining 70% of AICC tokens have been locked in a custody contract, the beneficiary is the Arc Treasury, and will be linearly redeemed next year.

Compared with other vested interests, the handling of the matter by these two is undoubtedly more sophisticated and can be regarded as a win-win choice for all parties.

Official response: Firmly develop AI Agent and ensure token funds are safe

In response to this series of dramatic events, Aiccelerate dao officials also made their own statement.

Face up to community doubts and solve problems head-on

At around 1 a.m., Aiccelerate dao posted a message saying : We have noticed the communitys doubts and disputes 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 rather than quick wins. To strengthen this commitment: 1. The core team will implement a vesting structure for individual allocations and is in discussion with consultants to do the same to ensure consistency with the long-term success of the DAO; 2. We are already working hard to develop the first AI agent (Research Agent) and create an architecture to support a broader vision, and will share more information in the coming weeks; 3. We would like to reiterate that 100% of the DAO treasury funds will be used for DAO investment and the community. We will persist for a long time, so stay tuned for follow-up progress.

DAO funds have been moved to a secure wallet, no tokens have been sold or lost

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

Conclusion: The emergence of VC disks heralds the entry of AI Agent token track into the second half

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

In addition to the collateral impact of the market decline, AICCs farcical development route has also become a major reason for its poor price performance. However, combined with the narrative development trend of this year, if AICC and Aiccelerate dao can still successfully launch their own AI Agent products and even development frameworks in the future, there may still be a certain potential for price rebound.

In any case, the emergence of AICC, which is based on the daos.fun platform and brings together many crypto celebrities, KOLs and industry professionals, has proved one thing: the space left for wild community projects in the AI Agent token track is also shrinking. In the second half, AI Agent and its token projects need new narratives or growth points to gain the favor of market liquidity.

This article is sourced from the internet: AICC event follow-up: When VCs get involved in AI Agent tokens

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